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Politics : Formerly About Applied Materials

AMAT 259.15

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Dec 22 3:59 PM EST

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To: StanX Long who wrote (59914)	2/4/2002 12:09:25 AM
From: StanX Long	Read Replies (1) of 70976

Asian Stocks: Japan's Tokyo Electron, Mizuho Fall; Korea Drops By Michael Tsang 02/03 22:21 quote.bloomberg.com Tokyo, Feb. 4 (Bloomberg) -- Japanese stocks fell, pushing the Nikkei 225 stock average to a four-month low, after Tokyo Electron Ltd. tripled its full-year loss forecast and trimmed its annual sales estimate as orders declined. The Nikkei 225 fell 1.1 percent to 9681.27. The Topix index dropped 0.9 percent to 947.39. Computer-related shares were the biggest decliners as a group, while the banks sub-index extended its 13 percent slide this year on concern Prime Minister Junichiro Koizumi's declining popularity may undermine his ability to help them clean up their bad loans. Following Tokyo Electron's announcement, ``sentiment to give up on an early recovery in the technology industry is growing,'' said Hideo Ueki, who helps manage $10 billion in Japanese equities at UBS Asset Management (Japan) Ltd. Meanwhile, ``banks may suffer as political support for Koizumi's structural reforms was mainly based on his popularity.''

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