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Broader stock measures also retreated.
Other stock measures in Shanghai, Hong Kong and Singapore also retreated.
Declines in the three major stock measures also helped demand for government debt.
Treasury Prices Rise By Bloomberg News Treasury bond prices rose for a second day yesterday as major stock measures slumped, increasing the allure of fixed-income assets.
The yield on the benchmark 10-year note rose to its highest in three and a half weeks as all three major stock measures gained, suggesting investors were more confident company earnings would pick up as the economy rebounded.
The 30-year bond fell 27/32, to 107 17/32, as the three major stock measures rose, damping demand for Treasuries, said James Caron, a Merrill Lynch fixed-income strategist.
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Singapore's stock measure was flat.
Russia's benchmark stock measure, the RTS index, rose 8.7percentt on Thursday, its biggest gain since December 2000.
The rate of growth of the capital stock measured so as to take account of quality improvements will be greater than the rate of growth of the capital stock measured in a way that neglects the differences between "vintages".
Thus the rate of growth of technical progress and the rate of growth of the capital stock measured in natural units interact.
The Dow Jones industrial average and the Wilshire 5000, a very broad stock measure, are now only back to where they were a year ago, Mr. Lipsky noted, and the Nasdaq is still up nearly 34percentt since last spring.
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