Word: nikkei
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...they resumed their bullishness when there was no immediate retaliation. The Dow Jones average closed the week at 2646.78, up a record 145.29 points. In Germany the Frankfurt exchange registered its largest single-day advance in history and gained more than 1.6% for the week, while Tokyo's Nikkei index rose...
...contemporary art market, then, the fall 1990 sales were a massacre. Scared by the descent of the Nikkei stock index, the Japanese -- who in 1988 accounted for more than half the total recorded sales volume of all art bought at auction worldwide -- bid sluggishly or sat on their hands. The Japanese buyers did not even come out for a Van Gogh still life that was expected to make $12 million to $16 million at Christie's Impressionist and modern sale two weeks ago. It too was bought in, at $9.5 million. However, a fine Van Gogh ink sketch was bought...
...Japan the epic slide of the Tokyo stock market began with fear of rising interest rates at home, and has been accelerated by rocketing oil prices abroad. Tokyo's Nikkei index has fallen from its peak of 38,915 last December to a closing price of 22,828 last week. "This has probably been the largest bear market in any country since World War II," says Peter Tasker, head of research at Kleinwort Benson International in Tokyo. In a fleeting burst of euphoria, the index zoomed a record 13% last Tuesday, but much of the gain was the result...
CAPTION: Tokyo Nikkei Index...
...rates. A credit squeeze seems likely. John Hickling, portfolio manager of Fidelity Investments' Pacific Basin Fund, thinks the liquidity drought has arrived. Since nothing spooks stock-market investors like the prospect of rising interest rates and a credit crunch, Japanese shareholders have been cleaning out their portfolios, driving the Nikkei average on the Tokyo exchange down more than 30% from its late December high...