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

To: StanX Long who wrote (64295)	6/11/2002 1:55:30 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Tokyo stocks firm by midday with Nomura strong By Nathan Layne Tuesday June 11, 11:49 AM sg.biz.yahoo.com TOKYO (Reuters) - Tokyo stocks rose nearly one percent by midday on Tuesday after a bounce in U.S. blue chips soothed market sentiment, prompting investors to snap up Nomura Holdings Inc and other recently battered shares. The benchmark Nikkei average was up 0.84 percent or 95.80 points at 11,466.01 after falling for a third session the day before to a four-week low. The tumble had pushed the Nikkei's 14-day relative strength index below 30, the oversold line, to 25. The Nikkei's 14-day RSI now stands at about 36. ADVERTISEMENT "I'd call this a technical bounce, although improving external factors also helped lure some buying," said Zenshiro Mizuno, senior managing director at Marusan Securities. "Wall Street has settled a bit, as has the yen's recent rise. Another relief is that Pakistan and India have calmed down... But trade is razor-thin." The capital-weighted TOPIX index was up 0.66 percent or 7.23 points at 1,100.26.