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Politics : Formerly About Applied Materials

AMAT 225.18

-1.5%

Nov 18 3:59 PM EST

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To: StanX Long who wrote (56857)	12/4/2001 3:50:44 AM
From: StanX Long	Read Replies (1) of 70976

Now the news is getting better. Stan Tuesday December 4, 2:13 PM Singapore shares up at midday to highest since Sept 11 sg.news.yahoo.com SINGAPORE (Reuters) - Singapore shares rallied by midday on Tuesday, led by property and technology stocks as well as banks, as the main index rose to its highest level since the September 11 attacks on the United States. Market analysts said the gains could be due to funds buying ahead of the year-end closing of their books and to a rising belief that the worst is over for some sectors like electronics. "We are also probably seeing a greater bit of attention to Asia-Pacific from the OECD funds. In particular, we think there's some money coming in from the U.S. funds," said Ong Nai Pew, director of fund management at APS Asset Management, which manages US$200 million. "Generally, there's also some consensus forming that the worst of the decline in the electronics cycle is behind us. So we are likely to see somewhat better news moving forward." The Straits Times Index was 2.16 percent or 32.34 points higher at 1,526.62 at the break, moving nearer to the September 11 closing level of 1,566.76. The index is still off nearly 21 percent this year.

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