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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (30610)1/28/2001 9:30:53 PM
From: rocket_no9  Respond to of 49816
 
Tokyo stocks firmed by midday on
Monday as a stronger Nasdaq close invited investors to snatch up
high-tech issues such as Tokyo Electron that fell with the
Nikkei's four-day tumble last week.
"We're looking at a technical rebound after the market's
four-day slide. Investors are especially reevaluating
semiconductor-related issues after their recent beating," said
Paul Migliorato, head of international sales at Commerzbank
Securities.
A maker of semiconductor manufacturing equipment, Tokyo
Electron Ltd <8035.T> gained 3.39 percent to 7,940 yen, helping
the Nikkei <.N225> to firm 1.23 percent or 168.39 points to
13,864.45.
The benchmark average slid 2.09 percent last week following a
six-percent, seven-day rally that ended last Monday.