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eatapeach · 10-23-2003, 01:06 AM

TOKYO, Oct 23 (Reuters) - Tokyo's Nikkei average fell more than five percent by mid-afternoon on Thursday -- on track for its biggest percentage fall since the September 11 attacks -- after Wall Street's biggest drop in a month and a rise in the yen, with jitters ahead of Sony Corp's results also a factor.

One analyst thought the fall brought share prices down to more realistic levels.

"This is what the recently overheated Japanese and U.S. stock markets needed," said Mitsugu Kanno, general manager in the equity information department at Shinko Securities. "Pricewise, the Tokyo market appears to have come down to appropriate levels" to reflect fair values.

full story

this is what i was saying earlier in this thread.

10-23-2003, 01:06 AM
eatapeach Confirmed User Join Date: Dec 2001 Location: toto's doghouse Posts: 493	TOKYO, Oct 23 (Reuters) - Tokyo's Nikkei average fell more than five percent by mid-afternoon on Thursday -- on track for its biggest percentage fall since the September 11 attacks -- after Wall Street's biggest drop in a month and a rise in the yen, with jitters ahead of Sony Corp's results also a factor. One analyst thought the fall brought share prices down to more realistic levels. "This is what the recently overheated Japanese and U.S. stock markets needed," said Mitsugu Kanno, general manager in the equity information department at Shinko Securities. "Pricewise, the Tokyo market appears to have come down to appropriate levels" to reflect fair values. full story this is what i was saying earlier in this thread.