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To: StanX Long who wrote (60820)2/21/2002 3:02:52 AM
From: StanX Long  Read Replies (1) | Respond to of 70976
 
Asia's top bourse Tokyo stages hot rally

sg.news.yahoo.com

By Rajan Moses

SINGAPORE, Feb 21 (Reuters) - Asia's top bourse, Tokyo, roared up on Thursday after an unexpected rally in Wall Street and on fresh optimism over the government's anti-deflation steps.

The U.S. stocks rebound, which took the Dow Jones Index to its highest level in 11 weeks after two straight days of losses, also lent support to Hong Kong and Singapore stocks.

Tokyo's benchmark Nikkei <.N225> ended up 4.69 percent, or 461.29 points, at 10,295.42, the biggest percentage gain since March 26. The capital-weighted TOPIX index <.TOPX> rose 31.98 points or 3.34 percent at 988.89.

Brokerage houses led the market up with Nikko Cordial Corp

<8603.T>, Japan's third-largest broker, soaring 9.62 percent to 467 yen.