The Tokyo stock market appears to have hit a recent bottom on Nov. 22 when the key 225-issue Nikkei average dropped to 14,301.31, its lowest closing reading since March 4, 1999.

Investors, therefore, should selectively buy shares of companies with footholds in new growth-oriented markets, such as compound semiconductors and microturbines, as long as they are making an effort to restructure their operations.

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