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Tokyo stocks close up on signs of smooth futures settlement.

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

Article Excerpt
TOKYO, June 7 Kyodo

The Nikkei Stock Average overcame early weakness to end the day with triple-digit gains Thursday as concerns eased about Friday's settlements of futures and options, the major cause of the nervous market this week.

The 225-issue Nikkei, which fell a slight 7.16 points Wednesday, advanced 102.67 points, or 0.78%, to close at 13,277.51, after slipping to 13,050.17 in early deals, down 124.67 points. The broader Tokyo Stock Price Index (TOPIX) of all First Section issues was...

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