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Technology Stocks : Softbank Group Corp -- Ignore unavailable to you. Want to Upgrade?

To: Edwin S. Fujinaka who wrote (4732)	4/4/2000 4:00:00 AM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 6021

Nikkei Net had this release on the Tokyo Markets relatively modest loss in the wake of the Nasdaq crash on Monday: Tuesday, April 4, 2000 Stocks: End Lower On Nasdaq Fall, Profit-Taking TOKYO (Dow Jones)--The Nikkei 225 stock average finished moderately lower Tuesday as a 7.6% loss in the Nasdaq Composite Index overnight weighed on key high-technology shares. Domestic-demand related shares, however, recorded solid gains amid continued expectations of an economic recovery. The Nikkei Stock Average of 225 selected issues fell 132.06 points Tuesday to 20594.93 after a 389.67-point rise Monday. The key cash index ended the latest fiscal year at 20337.32 on March 31 after finishing the 1999 trading year at 18934.34. The near-term June Nikkei futures contract ended down 100 points at 20610 on the Osaka Securities Exchange. "The shift in the shares being bought is continuing. The myth of issues like Hikari Tsushin has been broken while issues reflecting fundamentals are gaining," said Sachio Ishikawa, general manager of the stock division at Chuo Securities. Softbank and Hikari Tsushin both ended ask-only, Softbank at Y81,500 and Hikari Tsushin at Y63,800. The Nikkei OTC Average lost 122.21, or 5.5%, to end at 2092.30, dragged down by issues such as Yahoo Japan, which ended down its daily limit of Y7 million at Y48.3 million. The more established issues also ended the day weaker, led by Sony, down Y240 at 14,760; NEC, which lost Y170 to 2,930, and Fujitsu, which dipped Y80 to 3,250. NTT DoCoMo tumbled Y170,000 to 4.07 million. "The correction phase for issues like Sony and NTT DoCoMo will likely be relatively short," said Hidenori Karaki, general manager of the stock division at Tokyo-Mitsubishi Personal Securities, who cited the companies' records of posting profits. HOME SEARCH HELP CONTACT US Copyright 2000 Nihon Keizai Shimbun, Inc., all rights reserved. If you are having technical difficulties please contact the Webmaster