Pacific Century CyberWorks (PCW, PCWKF) Message Board

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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)

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To: John McDonald who wrote ()	3/3/2000 9:20:00 AM
From: ms.smartest.person	of 4541

"buy" recommendations for Pacific Century CyberWorks and Cable & Wireless HKT. interactive.wsj.com March 3, 2000 Tech, Telecom Rebound Lifts Hong Kong Shares An INTERACTIVE JOURNAL News Roundup Hong Kong stocks jumped 2% on rekindled buying interest in telecommunications and high-tech stocks amid healthy liquidity. But most other stock markets around the Asian-Pacific region closed mixed Friday. As investors in Hong Kong were beginning to digest the biggest-ever corporate merger in Asia excluding Japan, investment houses started to issue "buy" recommendations for Pacific Century CyberWorks and Cable & Wireless HKT. The rise in these shares also boosted the Hang Seng index. Tokyo stocks fell, dragged down by active selling of telecommunications and select technology issues such as Sony. Shares in Australia and Singapore finished mixed. The Australian index rose to a record high, bolstered by steep rises in News Corp. and Telstra, but declining issues led advancers. In Singapore the key index edged up on selective buying in technology stocks even as the broader market weakened on profit-taking. South Korean shares closed mixed, but the main index finished higher on aggressive foreign buying in blue chips. Taiwan shares finished slightly higher as political uncertainty ahead of the presidential elections March 18 kept many investors on the sidelines. Philippine shares closed higher as bargain hunters continued to accumulate select blue chips that suffered heavy losses in recent sessions. Malaysian shares finished higher on a combination of retail investor buying and program-buying by foreign funds. Indonesian stocks closed mixed, with late buying in cigarette blue chips lifting the broader index into positive territory. China's stock markets closed narrowly mixed as the broader market continued to consolidate amid moderate trading volumes. Indian stocks fell on continued selling in cyclicals and consumer stocks following the federal budget announcement Tuesday. Thai shares ended down on speculation concerning Bangkok Bank's recapitalization plans, ahead of the bank's official announcement later Friday. In dollar terms at 6 a.m. EST, the Asian-Pacific sector of the Dow Jones Global Indexes fell 1.27 to 122.23 Friday, after gaining 0.11 Thursday. The Dow Jones World Stock Index fell 0.45 to 245.02, after rising 1.31 the previous session. Property and casualty insurance and publishing issues were among the Dow Jones Global index leaders whilst consumer electronics and toy stocks were the laggers.

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