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Politics : Formerly About Applied Materials

AMAT 319.19

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To: StanX Long who wrote (55393)	11/13/2001 3:10:19 AM
From: StanX Long	Read Replies (1) of 70976

Tuesday November 13, 2:09 PM Bank shares help Singapore index recoup losses by midday sg.news.yahoo.com SINGAPORE (Reuters) - Singapore's broader share market was weak by midday on Tuesday as a plane crash in New York unnerved investors and hit Singapore Airlines, but a rise in banks helped the main index swing into positive territory. The bellwether Straits Times Index was up 0.24 percent or 3.23 points at 1,373.55 at the break after being down as much as 1.13 percent in the morning. Losers beat gainers 83 to 52 but volume was thin at 92 million shares compared with 128 million at the break on Monday. An American Airlines Airbus crashed into a New York neighbourhood minutes after take-off on Monday, killing up to 269 people in what appeared to be an accident. Analysts in Singapore said the recovery in U.S. markets on Monday and a rise in Nasdaq futures on Tuesday morning helped to soothe sentiment. "Through the day we are hearing that the crash seems to be an accident rather than an attack. So we are trying to believe that," said a trader at a European brokerage. Reports the Northern Alliance had entered Kabul, causing the Taliban to abandon the Afghan capital, was also viewed positively by some. "People can begin to see the light at the end of the tunnel in the war," said a dealer at a local brokerage. The finance sector index rose 1.41 percent as OCBC Bank climbed 3.0 percent to S$10.30, United Overseas Bank gained 1.51 percent to S$10.10 and DBS Group Holdings added 1.0 percent to S$10.10.

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