Tokyo Stocks Fall for Fourth Consecutive Day but Rise from Intraday Lows on Bargain Hunting
Tokyo stock prices finished lower for the fourth consecutive trading day Tuesday but managed to stay higher than intraday lows late in the afternoon session with the help of bargain hunting.</br></br>In London, shares failed to hold onto an initial rally and ended sharply lower as the disclosure of U.S. economic data restrained trading activity.</br></br>Tokyo's Nikkei Index of 225 issues went down 480.78 points, or 1.97%, to 23884.82.</br></br>In Tokyo Wednesday, the Nikkei index fell another 68.36 points to close the morning session at 23816.46.</br></br>Investor participation on Tuesday was lackluster as growing concern about higher domestic interest rates and continuing uncertainty about the Mideast situation dried up buying interest, traders said.