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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56239)	11/26/2001 1:55:05 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Monday November 26, 1:46 PM Tokyo stocks hold firm on soft yen and bank reforms sg.biz.yahoo.com TOKYO (Reuters) - Tokyo stocks held on to strong morning gains by late afternoon on Monday, with exporters bought on a softer yen and banks firming amid signs of stepped up efforts to restructure and clean up their massive bad loans. Wall Street's jump on Friday was another bullish factor helping the benchmark Nikkei average rise at one point above the key 11,000 mark for the first time in a month. The Nikkei was up 2.24 percent or 240.00 points at 10,936.82 by 0515 GMT, while the capital-weighted TOPIX index climbed 1.71 percent or 18.18 points to 1,080.65. "The yen, U.S. stocks, banks, and progress on structural reform -- a whole bunch of buying factors seemed to come together for today's session," said Masatoshi Sato, manager of the equity division at Mizuho Investor Securities. Among major exporters to lure buyers on the weaker yen, Canon Inc <7751>, Japan's largest office equipment maker, rose 4.03 percent to 4,130 yen. Honda Motor Co Ltd <7267>, Japan's third-largest automaker, put on 5.58 percent to 4,920.