JAPAN-Nikkei-Time to go back up? Message Board

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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: borb who wrote (1814)	3/26/1999 2:32:00 AM
From: fut_trade	Read Replies (2) of 3902

Nikkei ends flat despite eager foreign buyers By Fiona Graham TOKYO, March 26 (Reuters) - Tokyo stocks closed little changed Friday, as buying by foreigners shifting assets into the Japanese market offset the unwinding of cross-shareholdings by domestic institutions, traders said. They said the market fluctuated most of the day, pushed up by foreign buying moving into Japan on expectations of an improvement in the Japanese economy, and pulled down by domestic institutions continuing to unwind cross shareholdings. The benchmark Nikkei 225 average ended up 30.95 points or 0.19 percent at 16,016.99. June Nikkei futures stood 110 points lower at 15,980.

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