P. M. BRIEFING : Japan Market Continues to Soar
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TOKYO — A flurry of index-linked buying, mostly by arbitragers, jerked the Nikkei share index up sharply today to a record trading and closing high.
“Bullishness in the market keeps driving the Nikkei and TOPIX (the broader index) up and up,” said Setsuo Watanuki, a trader at Toyo Securities. “There’s just a strong buying sentiment.”
Oil and other natural resource stocks dominated trading.
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