Japanese Stocks: Points and Market Sources

japanese stocks: On Thursday, the index inched down 4.77 points. ; The Topix index of all first-section issues was down 12.52 points, or 0.79 percent, at 1,577.29, according to The Japan Times. It edged up 0.48 point the previous day. The 225-issue Nikkei average sagged 239.08 points, or 1.13 percent, to end at 20,900.63. The U.S. Dow Jones industrial average's retreat on Thursday also battered investor sentiment, sending the Nikkei below 21,000 soon after the opening bell, market sources said. It's difficult to recover 21,000 unless the dollar rises above 111 again, Kuramochi said of the Nikkei. The yen's strength prompted futures-linked selling of Japanese stocks, said Hiroaki Kuramochi, chief market analyst at Saxo Bank Securities Ltd. (news.financializer.com). As reported in the news.

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