Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 261.81

+0.4%

Dec 26 3:59 PM EST

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To: advocatedevil who wrote (59647)	1/30/2002 2:05:43 AM
From: StanX Long	Read Replies (1) of 70976

Wednesday January 30, 1:21 PM Straits Times Index falls as investors shed blue chips sg.news.yahoo.com SINGAPORE (Reuters) - Singapore shares were weak by midday on Wednesday, as Wall Street's dive hurt upbeat sentiment and sparked a blue chip-led selloff, but some defensives attracted buying. "We are looking for the market to take a bit of a breather after the strong run-up. We actually need valuations to catch up a bit to support these sort of share prices," said Sheree Tan, chief investment officer of Asia-Pacific equities at Morley Fund Management, which manages 1.5 billion pounds in the region. "Liquidity is plentiful so we are not looking for a very significant correction, just some profit-taking and consolidation for a while."

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