Tokyo markets make modest reprise
by Brian Turner
A rebound in US technology stocks helped the Tokyo markets Tuesday to take back some of the ground it has lost recently.
Still, gains were small in comparison to the losses posted since the beginning of last week, as worries continue over economic growth in the U.S. as well as over continuing tensions between Japan and China.
The Nikkei 225 was up 1.2 percent to 11,066. This compares to losses of 7.1 percent since last Monday. The Topix index was up by 1.55 percent, to 1,127.
The news from Texas Instruments on Monday of a 12 percent rise in quarterly profits sent Japanese technology stocks higher, and information and communication stocks rose by an average of 0.9 percent.
Stocks in other sectors were also generally higher, including airline stocks, which had earlier taken serious hits when many Japanese citizens cancelled business and holiday flights to China over fears for their safety in the face of anti-Japanese sentiment there.
Japan Airlines rose ¥7 to ¥338. Air transport shares generally rose by an average of 2 percent.
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