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Article: Tokyo stocks surge 2 percent to close at 20-month high as dollar rises against yen
- Article from:
- AP Worldstream
- Article date:
- March 1, 2004
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AP Worldstream
03-01-2004
Dateline: TOKYO
Tokyo stocks advanced 2 percent to close at a 20-month high on Monday, as investors snapped up technology issues and other blue chip exporters in response to the U.S. dollar's rise against the Japanese yen.
The Nikkei Stock Average of 225 issues ended up 229.20 points, or 2.08 percent, at 11,271.12 points _ the index's highest finish since it was at 11,327.06 on June 12, 2002. On Friday, the index rose 226.63 points, or 2.10 percent, to 11,041.92.
The dollar was quoted at 109.32 yen at 3 p.m. (0600 GMT) Monday, up 0.24 yen from last Friday in Tokyo and above the 109.16 yen it bought in New York later that day.
On the stock market, technology and other ...