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Tokyo Stocks Fall 105 Points

January 25, 2001

TOKYO (AP) _ Tokyo stocks fell moderately early Thursday in light trading. The dollar was higher against the yen.

The benchmark 225-issue Nikkei Stock Average dropped 104.84 points, or 0.75 percent, to 13,788.74 in the first 30 minutes of trading. On Wednesday, the average closed down 91.08 points, or 0.65 percent.

The dollar bought 117.92 yen, up 0.78 yen from late Wednesday in Tokyo and also above its late New York level of 117.85 yen.

On the stock market, the blue-chip Nikkei index slipped in light trading after investors got mixed signals from Wall Street.

In New York on Wednesday, the Dow Jones industrial average fell 2.84 points to 10,646.97 while the technology-heavy Nasdaq composite index rose 18.76 points to 2,859.15.

In other Tokyo trading Thursday, the broader Tokyo Stock Price Index of all issues listed on the first section declined 8.45 points, or 0.65 percent, to 1,295.62. The TOPIX closed down 4.02 points, or 0.31 percent, the day before.

In currency dealings, the dollar extended overnight gains as traders looked ahead to scheduled testimony by U.S. Federal Reserve Chairman Alan Greenspan before the Senate Budget Committee on Thursday.

In other currencies, the euro was traded at 108.82 yen, down from 109.65 yen late Wednesday in Tokyo.

The yield on the benchmark 10-year Japanese government bond stood at 1.4900 percent, unchanged from Wednesday’s finish. Its price remained at 100.96.


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Tokyo Stock Exchange: http://www.tse.or.jp

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