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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: FDHIII who wrote (5862)	10/9/1998 2:39:00 AM
From: TokyoMex	Respond to of 119973

Friday October 9, 2:21 am Eastern Time Note: this article has a followup with more information. Nikkei crumples to 13-year low as dollar withers By Andrew Morse TOKYO, Oct 9 (Reuters) - Tokyo stocks slid one percent to end Friday near a 13-year low as a withering dollar raised concerns big exporters would be forced to cut earnings estimates. The benchmark Nikkei average fell 146.09 points, or 1.12 percent, to 12,879.97 -- a low since December 11, 1985. Nikkei December futures fell 120 to 12,870. Traders said the dollar's weakeness -- it fell over four yen at one point -- means big global companies like Sony Corp and Canon Inc will cut earnings forecasts originally calculated at rates of between 120 and 130 yen. (Note: this article is ''in progress''; there will likely be an update soon.)