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Politics : Formerly About Applied Materials

AMAT 268.62

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10:47 AM EST

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To: Gottfried who wrote (61286)	3/3/2002 10:01:10 PM
From: StanX Long	Read Replies (1) of 70976

Asian Stocks Rally on U.S. Economic Report; Sony, Exporters Up By Michael Tsang quote.bloomberg.com Tokyo, March 4 (Bloomberg) -- Asian stocks rallied, led by Sony Corp., Samsung Electronics Co. and other exporters, after U.S. manufacturing grew for the first time in 19 months, lifting the region's biggest trading partner out of recession. Japan's Nikkei 225 stock average jumped 5.1 percent, its biggest advance in almost a year, as computer-related companies and automakers made up almost a third of the market's rally. Korea's Kospi index gained 3 percent to a 20-month high, while chipmakers in Taiwan and Singapore gained after their peers in the U.S. soared 11 percent as a group. ``The economic recovery is much stronger now in the first six months than most people had anticipated,'' said Hans Goetti, director at Citigroup Asset Management in Singapore, which in Asia manages $300 million in tailored discretionary portfolios funds for high net worth individuals.

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