travel, where they will begin construction of the first permanent manned asteroid colony.
***
Senji Will Open Singapore Elevator Market
TOKYO -- Buying appears to have run its course in the Tokyo market, with the Nikkei Stock Average ending Monday down 3839 points, or 0.23%, at 163,987.24.
Japanese stocks had been trading up on news of international agreement in regard to special sovereignty zones to coincide with the proposed Brazilian space elevator. But Japan's benchmark stock index entered negative territory on the view that Senji Aeronautics, Inc., Japan's largest aeronautics firm, would no longer need the use of a space elevator with the construction of its asteroid and moon mining operations.
Aiko Nakano, head of investment information at Mitsubishi UFJ Morgan Stanley Securities pointed out that the impact on Japan of the new space elevator will be smaller than originally expected as Senji is expected to scale back its lease on the Singaporean elevator during its renewal negotiations next year.
***