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Technology Stocks : Softbank Group Corp

SFTBY 55.64

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3:59 PM EST

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To: Jonas1 who wrote (2381)	11/15/1999 10:44:00 PM
From: Jonas1	Read Replies (2) of 6020

Softbank China plays Here's one, anyway. Jonas ********************************** HK China technology, Internet plays soar on WTO HONG KONG, Nov 16 (Reuters) - Technology and Internet-related China plays soared on Tuesday in reaction to the Sino-U.S. World Trade Organisation deal, which analysts said lifts a cloud of uncertainty from foreign Internet investment in China. Chinese software firm Founder (Hong Kong) Ltd led the gainers with a spectacular rise of HK$0.65 or 22.6 percent at HK$3.52 in mid-morning trade after leaping to a new 1999 high of HK$3.575. Founder in September signed a deal with U.S. Internet giant Yahoo! Inc (NasdaqNM:YHOO - news) to launch a Chinese-language portal website, but the project was dogged by questions about its legality. U.S. Trade Representative Charlene Barshefsky said Monday's WTO deal clearly allows foreign investment in Internet content providers, reversing an apparent ban announced by China just two months ago. ``No longer an issue. We have rights to invest,' Barshefsky told a news conference on Monday. (Note: this article is ``in progress'; there will likely be an update soon.)

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