SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?


To: borb who wrote (1814)3/26/1999 2:32:00 AM
From: fut_trade  Read Replies (2) | Respond to of 3902
 
Nikkei ends flat despite eager foreign buyers

By Fiona Graham

TOKYO, March 26 (Reuters) - Tokyo stocks closed little changed Friday, as buying by foreigners shifting assets into the Japanese market offset the unwinding of cross-shareholdings by domestic institutions, traders said.

They said the market fluctuated most of the day, pushed up by foreign buying moving into Japan on expectations of an improvement in the Japanese economy, and pulled down by domestic institutions continuing to unwind cross shareholdings.

The benchmark Nikkei 225 average ended up 30.95 points or 0.19 percent at 16,016.99. June Nikkei futures stood 110 points lower at 15,980.



To: borb who wrote (1814)3/26/1999 9:52:00 AM
From: chirodoc  Read Replies (1) | Respond to of 3902
 
we agree borb,

the bottom has been reached. how fast the nikkei climbs will be based on the speed with which they deregulate and cut taxes. i predict that as their budget deficit widens they will be forced to stop the pork barrel spending and rely on deregulation--that would be bullish.

curtis