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Tokyo stocks jump on weak yen.

Publication: Japan Weekly Monitor
Publication Date: 31-DEC-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Dec. 27 Kyodo

Share prices on the Tokyo Stock Exchange jumped Thursday afternoon to close at the day's high as investors turned their attention to the positive effect of the yen's weakness against the U.S. dollar on export-dependent companies.

The 225-issue Nikkei Stock Average, snapping a four-day losing streak, jumped 265.04 points, or 2.60%, to close at 10,457.61. The broader Tokyo Stock Price Index (TOPIX) of all First Section issues gained 19.72 points, or 1.98%, to 1,013.73.

The Nikkei accelerated its upswing in the afternoon, as high-tech issues,...

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