Tokyo market
NZPA-Reuter Tokyo The main Nikkei share index ended with a moderate gain on small-lot buying in cautious trade, but most participants preferred to stay away, brokers said. The index fell in early trade on the widening Recruit scandal, but cheap prices attracted bargain hunters, they
said. The Nikkei index rose 61.08 points, or 0.19 per cent, to close at 31,937.94 after Monday’s 123.24-point loss. “Today is witching day and investors were concerned about a possible strong selloff in the cash market,” Sakudo at Tachibana said. Witching day is when spot futures contracts expire.
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Press, 8 March 1989, Page 38
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95Tokyo market Press, 8 March 1989, Page 38
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