market gauge: On Thursday, the key market gauge gave up 249.48 points. ; The Topix index of all first-section issues finished up 1.44 points, or 0.10 percent, at 1,485.29, after shedding 15.65 points the previous day, according to The Japan Times. Selling took the upper hand at the outset following the Dow Jones industrial average's weaker-than-expected rebound on the New York Stock Exchange, a poor performance on the tech-heavy Nasdaq composite index and falls in European stocks. The 225-issue Nikkei average rose 13.16 points, or 0.06 percent, to end at 20,418.81 on the Tokyo Stock Exchange. But the Tokyo market looked up after the initial sell orders were executed thanks to buybacks and bargain-hunting, brokers said. But they came under selling pressure again in early afternoon trading and hovered around their previous day's closing levels for the rest of the day due to the absence of market-moving news, they added. Both the Nikkei and Topix returned to the sunny side toward noon.
(news.financializer.com). As
reported in the news.
Tagged under market gauge, buybacks bargain-hunting topics.