Tokyo down again
PA Tokyo The market index eased in light midday trading as investors sold bank and other financial shares on Brazil’s suspension of interest payments on private debt, brokers said. But government spending and export-related shares firmed on expectations that last weekend’s Paris meetings of top industrial nations will lead to yen/dollar stability and additional measures to boost domestic demand, they added. The market average at noon lost 29.95 to extending Fri-
day’s 147.70 decline. Advances led declines six to five in turnover of 300 million shares, against Friday’s 500 million.
One broker said domestic demand-related shares are likely to rise further, while financial shares should recoup some earlier losses.
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Press, 24 February 1987, Page 26
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112Tokyo down again Press, 24 February 1987, Page 26
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