Printer Friendly

Tokyo stocks open moderately higher on N.Y. gains.

TOKYO, June 1 Kyodo

Share prices on the Tokyo Stock Exchange opened moderately higher Friday after New York stocks posted a slight recovery Thursday.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 87.01 points, or 0.66%, to 13,349.15. The broader Tokyo Stock Price Index (TOPIX) of all First Section issues gained 10.24 points, or 0.78%, to 1,321.05. The Second Section also moved higher.

On Wall Street, the blue-chip Dow Jones Industrial Average rose 39.30 points to 10,911.94. The Nasdaq composite index also gained after suffering heavy, three-day-running losses.

The New York comeback facilitated bargain-hunting in Tokyo, where both the Nikkei and the TOPIX had fallen sharply for two days in a row.

Telecoms, brokerages and electronics makers led early gains, while oils, insurers and utilities lost ground.

The volume leader at 9:15 a.m. was Dai-Ichi Katei Denki, which fell 4 yen to 141 yen.
COPYRIGHT 2001 Kyodo News International, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Japan Weekly Monitor
Date:Jun 4, 2001
Previous Article:Dollar little changed against yen in early Tokyo trading.
Next Article:Tokyo stocks slightly higher in morning on N.Y. recovery.

Related Articles
Tokyo stocks open higher, high-tech issues strong.
Tokyo stocks open higher on Wall Street rebound.
Tokyo stocks open higher on Wall Street rebound.
Tokyo stocks open mixed, info, high-techs remain strong.
Tokyo stocks open lower on Nasdaq's plunge.
Tokyo stocks open higher, banks firm+.
Tokyo stocks open moderately lower+.
Kyodo economic news summary.
Kyodo economic news summary -2-.
Kyodo economic news summary -2-.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters