Word: nikkei
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...market drop echoed around the world. In Tokyo, Noriko Hama, a senior staffer at the Mitsubishi Research Institute, warned that "it could be very hard to stop" the Wall Street plunge from sending ripples through foreign stock exchanges. Tokyo's volatile Nikkei index fell 445.02 points last Thursday, its sharpest drop since June. The index rebounded 320.97 points on Friday to close at 35,116.02, down 93.33 for the week...
...quickly denied any such thing, but the damage was done. Details of his late-night soul-searching were too vivid to be fabricated or to be quickly forgotten. The Nikkei stock average suffered a 517-point drop in one afternoon, falling to 32,951 before partly recovering. "The market thinks Uno is finished," said a Tokyo stockbroker, "and that means more political trouble ahead...
...reigned for more than six decades, can turn off their entrepreneurial juices for long, eager businessmen besieged a Justice Ministry office to stake claim to use of the word Heisei (achieving universal peace), the name chosen to designate Emperor Akihito's reign. On Monday the Tokyo Stock Exchange's Nikkei average climbed to 31,006.51, an all-time high...
Nomura and Japan's other giant securities firms have harvested huge profits from a bull market that has raged on the trading floor of the Tokyo Stock Exchange for six years. The Japanese call it the age soba, or rising market, ascent has been dizzying: the 225-stock Nikkei index -- Japan's equivalent Dow Jones industrial average -- has surged 400% in value since beginning its bullish burst. The $3.5 trillion now invested in the Tokyo market makes it world's largest. Even the devastation wrought by last October's global stock only temporarily dampened the spirits of Tokyo traders. Although...
Many analysts expect the Nikkei index to break the 30,000-yen barrier sometime this year. Says Hideo Nakazawa, general manager of Nomura's equity department: "We may hit some bumps, but the direction is up." Yet even Tokyo is unlikely to disprove the adage so often cited by bears in markets the world over: "No tree grows...