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Tokyo stocks snap 3-day losing streak on late buybacks.

Publication: Japan Weekly Monitor
Publication Date: 11-JUN-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, June 4 Kyodo

Tokyo stocks closed slightly higher Monday as late buybacks of stock index futures led to arbitrage-linked purchases on the cash market, allowing the key indexes to snap their three-day losing streak.

The 225-issue Nikkei Stock Average, which fell a mere 0.30 point Friday, rose 50.51 points, or 0.38%, to end at the day's high of 13,312.35. The broader Tokyo Stock Price Index (TOPIX) of all First Section issues was up 4.08 points, or...

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