monday: It rose 24.17 points Monday, according to The Japan Times. The market surged at the outset after the stronger than expected Institute for Supply Management manufacturing index for March helped lift the Dow Jones Industrial Average to a six-month high Monday, brokers said. The Nikkei 225 average closed down 3.72 points, or 0.02 percent, at 21,505.31 after surging 303.22 points Monday. ; The Topix, which overs all first-section issues on the Tokyo Stock Exchange, was off 4.12 points, or 0.25 percent, at 1,611.69. The yen's weakening against the dollar and rises in European equities also contributed to the early morning jump. Given the Nikkei's 475-point advance in the two successive rallies, investors moved to sell for now, said Yoshihiko Tabei, chief analyst at Naito Securities Co. After the initial round of buying ended, however, profit-taking pressure gradually built up while fresh buying incentives were absent, brokers said.
(news.financializer.com). As
reported in the news.
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