7 November 2001, 09:28 AFX Japan/Far East markets summary: Tokyo shares down, dollar mixed, gold down
TOKYO (AFX) - The Nikkei 225 index closed at 10,284.98, down 348.74
points in technically-driven profit-taking. Dealers said falls in the
banking sector also weighed down the broader market, on a lack of clear
progress in legislating structural reform plans being considered by the
government.
TOKYO (AFX) - The dollar was at 120.93 yen compared with 121.18 in
late New York trading, and at 0.8965 eur compared with 0.8947 eur in
New York. Dealers said the dollar weakened to the yen on concerns over
the US economy, which forced the US Federal Reserve to cut rates by 50
basis points.
TOKYO (AFX) - Government bonds were higher, dealers said, with the
10-year bond no 234, yielding 1.285 pct and no 233 yielding 1.230 pct.
TOKYO (AFX) - The US 5-3/8 pct 30-year bond was at 108-16/32
yielding 4.850 pct compared with 108-2/32 yielding 4.86 pct pct in late
New York trading.
HONG KONG (AFX) - The Hang Seng index closed the morning session at
10,353.83, down 2.22 points, amid profit-taking after gains made on the
50 basis point rate by the FOMC, dealers said.
SYDNEY (AFX) - The All Ordinaries index was at 3,205.0, down 14.3
points, weighed down by banks on profit taking, dealers said. The
Reserve Bank of Australia's decision to leave the cash rate unchanged
was widely expected but gave the local market no reason to follow Wall
Street's rally.
HONG KONG (AFX) - Gold was quoted at 279.80-280.30 usd an ounce,
compared with an opening level of 280.20-280.70 usd, and a COMEX close
of 280.20 usd.
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