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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (236)	2/5/2001 10:35:42 PM
From: ms.smartest.person	Read Replies (1) of 2248

Tuesday, February 6 8:08 AM SGT MARKET TALK-HK: Cheung Kong Up 4.9% In New York 0809 [Dow Jones] HK SHARES OVERNIGHT: ADRs mixed in thin New York trading as investors stayed sidelined awaiting Cisco Systems's earnings report tonight and in reaction to Friday's selloff in U.S. stocks; China Mobile (0941) down 2% at US$31.19 (equivalent to $48.65); China Unicom (0762) down 1.6% at US$16.03 (equivalent to $12.50); HSBC (0005) up 0.9% at US$77.93 (equivalent to $121.56); Cheung Kong (0001) up 4.9% at US$13.38 (equivalent to $104.35); Hutchison (0013) down 2.3% at US$64.50 (equivalent to $100.61); Pacific Century CyberWorks (0008) up 0.5% at US$6.06 (equivalent to $4.73); Sinopec (0386) up 0.4% at US$14.35 (equivalent to $1.12).(IVW,SMG) 0806 [Dow Jones] WALL STREET: Industrial and consumer product blue chips were bought as defensive plays in slowing economy, while interest in tech stocks lessened; General Electric rose $1.57 to $47.85, Philip Morris gained $1.06 to $46.47. DJIA added 0.9% while Nasdaq eased 0.7%. "The interest-rate euphoria seems to be over, and now we have to rely on earnings," said Steven Kroll, managing director at Monness Crespi & Hardt; "the value names have reemerged, and the growth names are correcting." Chip stocks such as Micron Technology were weak after Semiconductor Industry Association said worldwide semiconductor sales in December rose 21.6% Y/Y but that it doesn't expect to meet its 2001 estimate for 22% growth because of supply overhang.(AXT) 0800 [Dow Jones] OUTLOOK: 1130 HK Exchanges & Clearing (0388) media conference on new order methods for AMS/3; 1600 DBS Kwong On Bank media conference; FPB Bank to announce FY00 earnings; Retail sales data for December due for release.(IVW) [Questions and comments please to Stephanie Tam at (852) 2832-2346 or stephanie.tam@dowjones.com. Currency amounts are in Hong Kong dollars and time is local Hong Kong time.] -------------------------------------------------------------------------------- asia.biz.yahoo.com

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