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Latest Business News

Japan's Four-Day Stock Rally Comes to End

Friday, August 12, 2005 4:46:15 AM

A Japanese business man  in front of video screen showing  stock prices in downtown Tokyo Thursday, Aug. 11, 2005.  Japanese stocks rose to a 4-year high amid optimism about the economic prospects and waning worries about domestic political turmoil. The dollar was lower against the yen. The benchmark Nikkei 225 index jumped 140.63 points or 1.16 percent, to 12,238.71 points to end morning session Thursday,  the highest level since August 8, 2001, when the index rose to 12,293.39 points in  intraday trading. (AP Photo/Shizuo Kanbayashi)TOKYO (AP) - Japan's four-day stock rally ended Friday as investors locked in profits after shares rose to a four-year high the previous session. The dollar fell against the yen.

The benchmark Nikkei 225 index fell 1.64 points, or 0.01 percent, to 12,261.68 points on the Tokyo Stock Exchange.

The Nikkei initially extended its gains from Thursday, when it closed at 12,263.32 points, highest since August 7, 2001.


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