index surge: On Wednesday, the key market gauge jumped 280.27 points. ; The Topix index of all first-section issues was up 0.48 point, or 0.03 percent, at 1,589.81, according to The Japan Times. It climbed 16.73 points the previous day. The 225-issue Nikkei average fell 4.77 points, or 0.02 percent, to end at 21,139.71 on the Tokyo Stock Exchange. After getting off to a firmer start reflecting higher U.S. stock prices and the yen's fall against the dollar, the Tokyo market came under profit-taking pressure that grew following a two-day rally. Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management Co., said investors took a breather after watching the key index surge over 800 points over the past two sessions. But the market's downside was supported by a weaker yen, allowing the Nikkei average to hover around the previous day's closing level throughout the day's trading, market sources said.
(news.financializer.com). As
reported in the news.
Tagged under index surge, issue nikkei topics.