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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (43427)10/21/2001 9:50:45 PM
From: Dealer  Read Replies (1) of 65232
 
Asia Markets

Tokyo stocks, U.S. dollar gain ground

By Mariko Ando, CBS.MarketWatch.com
Last Update: 9:04 PM ET Oct 21, 2001

TOKYO (CBS.MW) -- Tokyo stocks edged higher Monday morning as investors braced for another big batch of earnings reports.

The Nikkei Average gained 33.42 points, or 0.3 percent, to 10.572.21 in early trade. The broader TOPIX advanced 0.4 percent to 1,074.35.

In the currency market, the dollar was quoted at 121.42 yen early morning Tokyo, up from 121.20 yen in New York late Friday.

Among companies expected to post results this week include technology giant Sony (SNE) and chipmaker NEC (NIPNY).

South Korea's Kospi Stock Index was little changed at 528.12 points in early morning session.

Australia's All Ordinaries Index was trading virtually flat at 3,111.70.

New Zealand's stock market was closed Monday for a public holiday.
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