Around the World's Markets: Tokyo

Friday 10 September 1999 19:02 EDT

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STOCKS EDGED UP as growing confidence in the economy offset worries about the strong yen, which lingered despite dollar-buying intervention by the central bank.

The Nikkei-225 closed up 33.46 points or 0.19 per cent at 17,711.02. Japan's positive GDP data on Thursday prompted investors to buy into sectors that may benefit from an economic recovery, such as construction and telecoms. Companies seen restructuring to improve efficiency also drew attention, with NEC soaring 12.44 per cent in heavy trading volume.

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Around the World's Markets: Tokyo

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