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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (39574)11/21/2000 6:46:06 AM
From: KeepItSimple  Read Replies (1) of 436258
 
I like this reporter, whoever he is. He would fit in nicely here..

biz.yahoo.com

TOKYO, Nov 21 (Reuters) - The following are some of the main factors likely to affect Tokyo stocks on Tuesday.

Share prices are seen set for a heavy beating, with Japanese Prime Minister Yoshiro Mori's survival of a no-confidence motion failing to quell speculation his days were numbered and disappointing some investors who had hoped for change.

The U.S. Nasdaq composite index's (^IXIC - news) five percent slump to its lowest close in more than a year would also send large-cap technology stocks such keeling, traders said.

``Now that Mori's staying, the supplementary budget should be passed quite quickly, but on the whole it's quite a disaster,'' said Masatoshi Sato, manager of equities at Mizuho Investors Securities.

``It doesn't change the fact that the ruling party's slowly falling apart and, with the reformist side backing out from their challenge, there doesn't seem to be much hope left for Japan.''
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