The Tokyo stock market appears to be crawling out of a correctional phase.
The market was hit with a setback in mid-February as many shares plummeted. The market capitalization of Hikari Tsushin, for example, has been cut in half from around 7 trillion yen.
The downturn of the key Nikkei average has been led by drops in stocks with large market capitalization. It may also be due in part to weaker-than-expected gross domestic product figures for the October-December quarter.
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