Friday: Points and Mainstay Stocks

friday: On Friday, the key market gauge tumbled 418.11 points, according to The Japan Times. The market was closed Monday for a national holiday. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, ended 33.20 points, or 2.16 percent, higher at 1,572.60. The Nikkei 225 average soared 531.04 points, or 2.61 percent, to end at 20,864.21. It fell 29.63 points Friday. Ryuta Otsuka, strategist at the investment information department of Toyo Securities Co., attributed Tuesday's surge to buybacks by short-term players after stocks were oversold Friday. Repurchases boosted mainstay stocks of exporters, said Yoshihiko Tabei, chief analyst at Naito Securities Co. (news.financializer.com). As reported in the news.

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