Word: nikkei
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...amid the pit's uproar, Leeson replied quite evenly to a question from an A.P.-Dow Jones reporter curious about rumors that the Englishman was making huge purchases on the Japanese and Singapore exchanges on behalf of his London-based investment bank. Leeson coolly explained that he was "buying Nikkei futures here and selling them there." As simple as that, nothing out of the ordinary. One of Leeson's colleagues at another Barings office in Asia told Time of a phone call with Leeson two days later. "He sounded really weird on the phone, like he was in a really...
...Just as the port city of Kobe stirred painfully back to life last week from the quake that killed more than 5,000 people and left 300,000 homeless, a psychological temblor hit the Tokyo exchange. On the blackest trading day in nearly four years, the Tokyo exchange's Nikkei average shed 1,054 points, or 5.6% of value, as investors began to size up the blow Japan had suffered. Among the army of construction crews that moved in to occupy Kobe last week, a Tobishima Corp. supervisor surveyed the ruins and judged, ``This city is going to take...
...Japanese economy is so big and resilient that while it might stagger, it could absorb the quake's blow. Trade with the U.S. and other major partners would be slowed, but delays in production could be made up later. As a longer range assessment took hold, the Nikkei leveled off and closed down 3.8% from the week's start...
Such realizations punctured some of the early forecasts of a silver lining in Kobe's tragedy. Even as heavily hit manufacturers like Kobe Steel had to absorb further jolts on the stock market, construction-industry issues were hot prospects on the Tokyo exchange. After the Nikkei index's steep dip early last week, bidding on these shares helped the exchange recover 318 points by the close of trading on Friday. But the boomlet of hope in the ashes was not enough to convince more sober heads...
Professors say the fluctuations are clearly linked to the economic and political fortunes of the two nations. Professor of the Practice of Japanese Language Wesley M. Jacobean said enrollment in first-year Japanese classes almost seems to fluctuate with the Nikkei, Japan's stock market...