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Politics : Formerly About Applied Materials

AMAT 318.63

-3.0%

Feb 3 3:59 PM EST

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To: StanX Long who wrote (55688)	11/16/2001 1:33:25 AM
From: StanX Long	Read Replies (1) of 70976

Tokyo markets dip at open November 15, 2001: 8:37 p.m. ET Banking sector weighs on Nikkei and TOPIX indexes. money.cnn.com TOKYO (Reuters) - Tokyo stocks inched lower at the open Friday, weighed down by persistent weakness in the banking sector and profit-taking ahead of the weekend following the previous day's four percent jump. But the market found support from extended gains in Sony Corp. and other major high-tech shares on a softer yen and hopes the U.S. economy will soon recover. The benchmark Nikkei average was down 0.3 percent or 34.48 points at 10,455.41 by 12:15 p.m. GMT, while the capital-weighted TOPIX index gave up 0.5 percent or 4.65 points to 1,039.91. The Nikkei, which surged 4 percent Thursday, was meeting resistance at its 25-day moving average at about 10,490.

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