Friday, February 8, 2008

Japanese Shares Down 0.79 Per Cent In Morning

TOKYO: Japanese share prices were down 0.79 per cent Friday morning after a sharper than expected fall in machinery orders, a key gauge of corporate spending, dealers said.

The market swung back and forth in the morning session as dealers welcomed a rebound on Wall Street following its three-day skid and approval in the US Congress of a giant economic stimulus plan.

The Tokyo Stock Exchange's benchmark Nikkei-225 index was down 104.34 points at 13,102.81 at the end of the morning session.

The broader Topix index of all first-section shares was down 11.10 points or 0.85 percent at 1,293.98, slipping below the symbolic 1,300-point mark.

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