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Politics : Formerly About Applied Materials

AMAT 319.11

+5.7%

Jan 15 3:59 PM EST

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To: StanX Long who wrote (58800)	1/15/2002 3:41:02 AM
From: StanX Long	Read Replies (1) of 70976

Tuesday January 15, 1:37 PM Singapore shares weaker on banks and bluechips sg.news.yahoo.com SINGAPORE (Reuters) - Singapore shares were weak by midday on Tuesday, led by blue chips like Singapore Press Holdings and banks which reversed recent gains on profit-taking in an overheated market. Investors were unnerved by Wall Street's slide as they waited to see if company earnings due from this week justified the rally of the past few months. "The correction looks to be deep today. The bullets are being held back for a while and people are cautious ahead of all the results that are coming out," said a trader at a European brokerage. The market will be waiting for U.S. chip giant Intel Corp's results out later on Tuesday. Local networking systems integrator Datacraft Asia releases its results on Thursday. The bellwether Straits Times Index was down 1.19 percent or 20.67 points at 1,710.85 at the break. Losers beat gainers 221 to 69 in heavy volume of 422 million shares compared with 318 million on Monday.

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