Tokyo stocks up on techs, TOPIX hits post-bubble intraday low.

Japan Weekly Monitor, January, 2002

TOKYO, Jan. 24 Kyodo

Share prices on the Tokyo Stock Exchange closed higher Thursday, ending a three-day losing streak on solid gains earned by high-tech issues that offset the negative impact of a rumor Japanese government bonds may be further downgraded.

The Tokyo Stock Price Index (TOPIX) of all First Section issues rose 5.24 points, or 0.54%, to close at 980.44 after hitting the day's low of 972.16 in the late afternoon, slipping below the post-bubble intraday low of 974.35, logged on Oct. 15, 1998.

The 225-issue Nikkei Stock Average rose 33.14 points, or 0.33%, to close at 10,074.05.

Volume on the main section increased to 744.88 million shares from 690.35 million Wednesday, with gainers beating decliners 798 to 559, and...