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

To: StanX Long who wrote (59057)	1/18/2002 2:31:10 AM
From: StanX Long	Respond to of 70976

Friday January 18, 2:18 PM Tokyo's Nikkei snaps 7-day skid; Daiei surges (Updates to close) sg.biz.yahoo.com TOKYO, Jan 18 (Reuters) - Tokyo's key Nikkei average snapped a seven-day losing skid on Friday, jumping nearly two percent as an imminent rescue plan for troubled retailer Daiei Inc <8263.T> and a strong rally on Wall Street cheered market sentiment. The benchmark Nikkei <.N225> rose 1.63 percent or 165.14 points to 10,293.32, while the capital-weighted TOPIX index <.TOPX> surged 2.31 percent or 22.74 points to 1,007.64. Daiei jumped 30.95 percent to 165 yen after touching a four-month high of 175 yen ahead of its new three-year restructuring plan, which it will unveil at 0830 GMT. The plan will include requests for assistance from creditor banks. Major tech shares were also firmer following a 2.13 percent climb by the Nasdaq index <.IXIC>.