Around the World's Markets: Tokyo

Thursday 28 January 1999 00:02 GMT

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THE NIKKEI 225 added 0.47 per cent, closing at 14,450.06, on buying of hi-tech issues, including Hitachi, Kyocera and NEC. The dollar edged up against the yen amid renewed concern over trade friction between Japan and the US.

Stocks opened moderately higher, but soon turned mixed on a retreat of major bank stocks. The market has been buoyed in recent days by bank shares, boosted by reports of mergers and alliances between Japanese banks and increased efforts to write off bad debts.

Hamish McRae, page 21

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