28 April 2005, 11:52  Tokyo stocks finish lower

The Tokyo stock market's main index finished higher Thursday as investors bought selected technology and automobile issues ahead of Japan's "Golden Week" holidays starting Friday. The U.S. dollar was down against the Japanese yen but up versus the euro. The Nikkei Stock Average of 225 selected issues gained 3.48 points, or 0.03 percent, to close at 11,008.90. The index dropped 30.41 points, or 0.28 percent, Wednesday. The dollar was trading at 105.86 yen at 3 p.m. Thursday, down 0.32 yen from late Wednesday in Tokyo but above the 105.79 yen it bought in New York later that day. Despite the Nikkei's advance, the broader TOPIX, which includes all issues on the Tokyo Stock Exchange's first section, slipped 0.37 point, or 0.03 percent, to finish Thursday's trading at 1,129.93. The TOPIX lost 1.01 points, or 0.09 percent, the day before. In currency trading, the dollar edged lower against the yen as players took profits in response to the dollar's recent gains. The euro fell to US$1.2936 Thursday afternoon in Tokyo from US$1.2950 late Wednesday and to 136.86 yen from 137.55 yen. In bond trading, the yield on the benchmark 10-year Japanese government bond fell to 1.2350 percent Thursday afternoon from Wednesday's finish of 1.2550 percent. Its price rose 0.18 to 100.57 points. Financial markets in Tokyo will be closed Friday for the Greenery Day, a national holiday -- the start of Japan's "Golden Week" holidays. The markets will reopen on Monday, May 2, but are closed May 3-5.

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