Around the World's Markets: Tokyo

Tuesday 26 January 1999 00:02 GMT

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GROWING OPTIMISM over Japan's ailing banking system helped the Nikkei 225 recover from early lows to close up 54.4 at 14,208.8, although volume was low, with investors looking to Wall Street for direction for the rest of the week.

Nissan Motors extended recent gains, amid speculation that DaimlerChrysler could buy a substantial stake, but banking stocks paused after recent gains, with the sub-index off 0.36 per cent, as investors waited for more news on government cash injections.

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Around the World's Markets: Tokyo

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