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Nikkei slips below 13,500 on tech slaughter.

Publication: Japan Weekly Monitor
Publication Date: 04-JUN-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, May 30 Kyodo

The Nikkei Stock Average closed below 13,500 for the first time in six weeks Wednesday as technology stocks came under heavy selling pressure on a 3% slide on the Nasdaq market and an investment downgrading of the sector.

The 225-issue Nikkei, which tacked on 36.12 points Tuesday, fell back 280.54 points, or 2.04%, to 13,493.35, ending below the threshold for the first time since April 17. The...

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