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To: Eski who wrote (14193)4/16/2000 8:42:00 PM
From: Ruffian  Read Replies (1) | Respond to of 35685
 
Nikkei loses over five pct after U.S. slide

TOKYO, April 17 (Reuters) - Tokyo's benchmark Nikkei average fell more than five
percent in early trade on Monday, dragged down by an historic loss in U.S. stocks and
selling related to a planned reshuffle of the Nikkei average's components, traders said.

At 0029 GMT, the benchmark Nikkei average was down 947.75 points or 4.64 percent at
19,486.93, regaining some lost ground.

``The declines in U.S. stocks apparently dragged down Tokyo shares, but the reshuffle in the Nikkei components played a
major role, too,' said Kazunori Jinnai, a deputy general manager at Daiwa Securities SB Capital Markets.

After breaching the 19,500 mark, the next support level would come at around 19,000, he said.



To: Eski who wrote (14193)4/16/2000 9:24:00 PM
From: marginmike  Read Replies (1) | Respond to of 35685
 
besides tradding is very thin, and with the forighn markets down what else would you expect?