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To: StanX Long who wrote (56250)11/26/2001 3:13:28 AM
From: StanX Long  Read Replies (1) | Respond to of 70976
 
Tokyo's Nikkei ends at 3-month high on softer yen
Reuters, 11.26.01, 2:34 AM ET
By Nathan Layne

forbes.com

TOKYO, Nov 26 (Reuters) - Tokyo's Nikkei average surged to a new post-attack high on Monday, ending at its best level in three months as a firmer Wall Street and softer yen ignited active buying in shares of Canon Inc <7751.T> and other major exporters.

Market players also took heart from signs that banks had stepped up efforts to restructure and clean up their massive bad loans, which have undermined investor confidence in Japan for years.

The benchmark Nikkei average <.N225> jumped 3.44 percent or 367.48 points to 11,064.30, surpassing an earlier post-attack intraday high of 11,052.01 marked on October 25 and closing at its highest level since August 28.