71. Japanese stocks closed sharply higher Tuesday after a dramatic rebound in late trading on speculation that government related funds were moving in to support the market. 72. Low stocks are likely to continue to support the market. 73. Meanwhile, share prices moved slightly higher as active buying by domestic investors supported the market. 74. Mitsuru Kanno, an analyst with Wako Securities, said the market was supported by continued buying by foreign investors. 75. Munir stressed that the development of the futures market also hinges on the capacity, efficiency and professionalism of institutions, intermediaries and infrastructure that support the market. 76. Morimoto said buying by investment trust funds and arbitrage buying also supported the market. 77. MSCI said Japan remains mired in its economic doldrums and disappointment over the lack of effective government action to support the market. 78. Occasional bursts of bargain hunting have helped support the market, but there has been no catalyst for any broad advance. 79. Occasional bursts of bargain hunting have helped support the market, but there has been no catalyst for any broad movement. 80. On the Tokyo stock exchange, share prices closed sharply higher on speculation that government related funds were moving to support the market. |