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Tokyo Stocks Fall

September 26, 2000

TOKYO (AP) _ Tokyo share prices moved lower Tuesday in lackluster trading. The U.S. dollar dipped against the yen.

The benchmark 225-issue Nikkei Stock Average shed 62.28 points, or 0.40 percent, to finish at 15,928.62. On Monday, the average rose 174.65 points, or 1.10 percent.

The dollar bought 107.34 yen by late afternoon, down 0.46 yen from late Monday in Tokyo and also below its late New York level of 107.76 yen.

On the stock market, the Nikkei index moved lower amid soaring oil prices and a weak euro. Traders were also reluctant to take positions ahead of the end of Japan’s fiscal first half on Sept. 30.

The fall came after a decline Monday on Wall Street, where the Dow Jones industrial average lost 39.22 points to close at 10,808.15. The Nasdaq composite index fell 62.54 points to 3,741.22.

The broader Tokyo Stock Price Index of all issues listed on the first section fell 4.72 points, or 0.32 percent, to 1,473.52. The index rose 11.31 points, or 0.78 percent, on Monday.

An estimated 378.35 million shares changed hands on the First Section of the Tokyo Stock Exchange, down from 439.17 million Monday.

Declining issues outnumbered advancers 905 to 374, with 120 closing unchanged.

The dollar retreated as Japanese companies bought yen ahead of closingt the books on the end of the first fiscal half on Saturday.

The dollar ranged between 107.22 yen and 107.77 yen Tuesday.

The euro was traded at 94.49 yen, down from 94.64 yen late Monday in Tokyo.

The yield on the benchmark 10-year Japanese government bond rose to 1.8950 percent from Monday’s finish of 1.8700 percent. Its price fell 0.21 point to 100.04.


On the Net:

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

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