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Tokyo stocks close higher, shrug off Aoki failure.

Publication: Japan Weekly Monitor
Publication Date: 10-DEC-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Dec. 6 Kyodo

Share prices on the Tokyo Stock Exchange closed higher Thursday as the yen's weakness against the U.S. dollar helped the market recover from an early-afternoon sell-off prompted by news that midsize contractor Aoki Corp. filed for court protection.

The 225-issue Nikkei Stock Average advanced 143.47 points, or 1.34%, to close at 10,857.28, after touching an intraday high of 11,052.51 in the morning. The benchmark passed the 11,000 level for the first time in seven trading days on an intraday basis.

The broader Tokyo Stock Price...

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More articles from Japan Weekly Monitor
Gov't bond futures prices close lower despite Aoki failure., December 10, 2001
Dollar rises as Aoki failure raises concerns over contractors., December 10, 2001
U.S. supports bond cap, will not urge Japan to boost spending., December 10, 2001
Aoki stock sinks to 1 yen on TSE., December 10, 2001
Aoki seen defaulting on 3 bil. yen in convertible bonds., December 10, 2001

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