CNN/Reuters: Tokyo Stock Exchange Reopens After Selling Panic

[DeepModem Mom]

Tokyo Stock Exchange Reopens After Selling Panic
By REUTERS
Published: January 18, 2006


TOKYO, Jan 19 - Japanese stocks are expected to recover on Thursday as investors pick up leading firms such as Toyota Motor Corp., with confidence gradually returning after sharp falls and a market closure the previous day.

But concerns about system capacity at the Tokyo Stock Exchange will continue to weigh. The exchange will shorten afternoon trading by 30 minutes from Thursday for the time being, in order to avoid computer system trouble....

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The Nikkei has lost 6.8 percent so far this week. The market's drop has wiped out more than $300 billion in shareholder value -- about equal to the gross domestic product of Sweden.

Traders expect the Nikkei to move between 15,200 and 15,500 on Thursday.

It posted its biggest one-day percentage fall since last April on Wednesday, declining 2.94 percent to 15,341.18....


http://www.nytimes.com/2006/01/18/business/18japan-stocks-wire.html?hp&ex=1137646800&en=5c674e732b7e0126&ei=5094&partner=homepage

[Whereweat]

1. They've reached a bubble....

On Friday the Nikkei hit a 5 year high after gaining 45% during that same 5 years. I'm hoping it doesn't hit here too. the S&P only rose 6% during those same 5 years. It would put a hurting on my retirement plans

[DeepModem Mom]

2. I hope not, Whereweat -- and welcome to DU!