Guten Morgen! / Nikkei fällt unter 12.000 Punkte, Tagestief: 11.710,33

verfasst von Sascha, 13.03.2001, 07:22

Nikkei 225 sees record lows on blue-chip high-tech selling
Nikkei hits 16-year low

TOKYO (Reuters) - <font color="FF0000">Tokyo's Nikkei average lurched below the psychologically important 12,000 mark on Tuesday morning</font>, led down by steep falls in bellwether high-techs after a plunge in their U.S. counterparts.

"We are at the mercy of the Nasdaq -- there will be no active buying until U.S. technology issues settle," said Yutaka Miura of Shinko Securities, referring to the tech-laden <font color="FF0000">Nasdaq's 6.3 percent dive to 1,923.38 </font>on Monday.

<font color="FF0000">In the first few minutes of trade, the Nikkei average dropped below 12,000 for the first time since February 7, 1985, when it closed at 11,940.80.</font>

Dominated by movements of expensive technology issues since its major component reshuffle last April, falls in high-priced techs such as Advantest Corp. led the Nikkei average 2.96 percent or 360.47 points lower.

<font color="FF0000">It fell as low as 11,710.33 earlier.</font>

Semiconductor-testing equipment maker Advantest shed 8.37 percent or ¥950 to ¥10,400.

<font color="FF0000">The capital-weighted TOPIX index was a hefty 3.30 percent or 39.82 points softer at 1,166.16 -- a level last seen in March 1999.</font>

<font color="FF0000">Securities houses were down sharply </font>due to concerns that steep falls in Tokyo stocks would scare investors away from the market, cutting their commission revenues.

Industry leader Nomura Securities Co. Ltd. fell 5.62 percent to ¥1,930, while Daiwa Securities Group Inc. lost 6.29 percent to ¥984 and Nikko Securities Co. Ltd. was ask-only with no buyers at ¥737, down 7.5 percent from Monday's close of ¥797.

Nomura shares have lost 31 percent over the past year, outperforming the Nikkei average's 39 percent fall.

<font color="FF0000">In the currency market, the U.S. dollar was unchanged against the Japanese yen at the start of the Tokyo business day Tuesday.</font>

The 10 a.m. quote on the Tokyo Foreign Exchange has the dollar at ¥120.27, down ¥25 from its level at the end of the previous business day in Tokyo.

[b] Quelle: http://www.cnnfn.com

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gesamter Thread:

• Guten Morgen! / Nikkei fällt unter 12.000 Punkte, Tagestief: 11.710,33 - Sascha, 13.03.2001, 07:22
  • Nikkei-intraday: i. letzten Stunde über minus 100 Punkte.Fall kann weiter gehen. (owT) - El Sheik, 13.03.2001, 08:28
  • Kurzartikel: Einbruch des Nikkei, Deflation in Japan - Sascha, 13.03.2001, 09:14