Nikkei Sentiment Remains Bullish as Dollar Strengthens and Nikkei Climbs Toward 16,500; ADRs to Watch (TMIC, KYO, ATE, SNE, TM, TDK)

by: Steven Towns

The Nikkei 225 Stock Average gained nearly 150 points to close at 16,344, its highest close since September 20, 2000. Bloomberg reported that the 41% advance in the second half of 2005 by the Nikkei is the largest since 1952 when it gained 47% after the U.S. ended its formal occupation of Japan following the end of WWII. Overall the Nikkei is having its best year since 1986. Upward momentum in today's trading was said to be spurred by greater individual investor participation and because of a strengthening dollar against the yen.

Nikkei 225: +149.59 (+0.92%) closed at 16,344.20, opened 50+ points higher than prior close of 16,194.61, traded as high as 16,445.56, low was 16,246.67

TOPIX: +9.83 (+0.59%) closed at 1,663.75, opened about 5 1/2 points higher than prior close of 1,653.92, traded as high as 1,673.18, low was 1,659.13

JASDAQ: +1.84 (+1.44%) closed at 129.80, traded between 128.68 and 130.10

Yen: last posted rate Y117.85/US$1

Today’s ADRs to watch based on earlier trading of underlying shares in Tokyo:

* Advancers: Trend Micro (TMIC) +5.22%, Kyocera (KYO) +2.45%, Advantest (ATE) 2.41%, Sony (SNE) +2.31%, Toyota Motor ( TM ) 2.0%, TDK (TDK) +1.98%

* Decliners: Sanyo Electric (SANYY) -5.59%, Mitsubishi UFJ Financial Group (MTU) -1.82%, Kirin Brewery (KNBWY) -1.48%

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