SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TokyoMex who wrote (5280)10/5/1998 3:12:00 AM
From: TokyoMex  Read Replies (1) of 119973
 
October 5, 2:39 am Eastern Time
(Note: this article is ''in progress''; there will likely be an update soon.)

Nikkei closes at lowest level since January 1986
TOKYO, Oct 5 (Reuters) - Tokyo stocks wilted on Monday to close below 13,000 for the first time since January 1986 amid disappointment that the Group of Seven's weekend meeting offered no concrete plan to restore the global economy's health.

The benchmark Nikkei average fell 275.57 points or 2.08 percent to 12,948.12. Nikkei December futures fell 310 to 12,950.

The TOPIX index of all first-section shares fell 17.33 points or 1.71 percent to 996.69. It is the first time the TOPIX has fallen below 1,000 since November 1985.

''If the G7 nations want to restore confidence in global stock markets, coordinated interest rate cuts will be necessary,'' said Kazue Mayuzumi, deputy chief operating officer at Nikko Securities. ''But there is no sign the Europeans will reduce their rates.''

He said global investors were shifting to bonds amid spreading concern over deflation.

(Note: this article is ''in progress''; there will likely be an update soon.)

--------------------------------------------------------------------------------
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News