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Politics : Formerly About Applied Materials

AMAT 253.87

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To: Paul V. who wrote (61605)	3/6/2002 11:56:24 PM
From: StanX Long	Read Replies (1) of 70976

Asian Stocks: Japan's Kyocera Leads Rise; H.K., Singapore Gain By Michael Tsang quote.bloomberg.com Tokyo, March 7 (Bloomberg) -- Japanese stocks rose, with the Nikkei 225 stock average poised for its highest close in seven months. Kyocera Corp. and other computer-related companies led the advance after a second monthly rise in U.S. factory orders signaled a recovery in global demand. The Nikkei rose 1.8 percent to 11,564.49, while computer- related stocks as a group made up more than a quarter of the Topix index's 1.3 percent gain to 1087.37. Exporters such as Sony Corp. rose after a Federal Reserve survey gave further evidence that Japan's No. 1 trading partner is recovering from recession. ``A global recovery scenario is becoming more obvious,'' said Koichi Ogawa, chief fund manager at Daiwa SB Investments Ltd., which manages $7.7 billion in Japanese equities. ``And Japan isn't exempt from the benefits of that U.S. rebound.'' The U.S. factory orders report lifted indexes in Hong Kong and Singapore. In Australia, the S&P/ASX 200 Index gained 1.2 percent to a three-week high, led by Telstra Corp., after analysts raised the telephone company's earnings forecasts.

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