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

To: StanX Long who wrote (62081)	3/14/2002 2:29:37 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Tokyo Shares Ends Higher As Seiyu Deal Prompts Dip-Buys Thursday March 14, 2:16 am Eastern Time biz.yahoo.com TOKYO -(Dow Jones)- The Nikkei 225 Stock Average squeezed out a 1.3% gain in the final hour of trading Thursday as investors turned to dip-buying on the news debt-laden general merchandiser Seiyu will unveil plans for an operational alliance with U.S. retailing giant Wal-Mart Stores (NYSE: WMT - news) Inc. after the closing bell in Tokyo . The Nikkei 225 index rose 153.51 points to 11568.82 after two consecutive losing sessions. "Concern about the Nikkei's technical overheating has been somewhat relieved in the last two days," said Hiroichi Nishi, deputy general manager at Nikko Cordial Securities. "Japanese shares are slowly becoming more attractive and are looking reasonably priced." Throughout the day, traders said they were looking for possible dip-buy opportunities in the midst of a relatively quiet, temporary correction phase. As this round of steady profit-taking subsided, index funds and public pension funds began to buy, although trading volume was limited as players were reluctant to place big orders for most of the day. Barring any