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Tokyo Stocks Up After 3-Day Loss

January 11, 2002

TOKYO (AP) _ Tokyo stocks rose slightly Friday, following losses three days in a row. The dollar was lower against the yen.

The benchmark 225-issue Nikkei Stock Average rose 9.19 points, or 0.09 percent, to 10,547.52 in the first 30 minutes of morning trading. On Thursday, the index fell 125.55 points, or 1.18 percent.

The dollar bought 132.14 yen in early trading, down 0.14 yen from late Thursday in Tokyo and below its late New York level of 132.69 yen overnight.

In stock trading, many investors took to the sidelines in the absence of market-moving news following mixed results on Wall Street overnight.

In New York on Thursday, the Dow Jones industrial average fell 26.23 points, or 0.26 percent, closing at 10,067.86. The tech-heavy Nasdaq composite index rose 2.35 points, or 0.11 percent, to 2,047.24.

The broader Tokyo Stock Price Index of all issues listed on the first section of the Tokyo Stock Exchange rose 1.09 points, or 0.11 percent, to 1,011.26. The TOPIX declined 14.85 points, or 1.44 percent, the day before.

In currencies, the dollar was weaker as players in Japan followed through on selling of the greenback overseas.

The euro traded at 117.92 yen, down from 118.09 yen late Thursday in Tokyo.

The yield on the benchmark 10-year Japanese government bond rose to 1.3950 percent from Wednesday’s finish of 1.3800 percent. Its price fell 0.09 point to 100.04.


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

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