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Politics : Formerly About Applied Materials

AMAT 325.57

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11:36 AM EST

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To: StanX Long who wrote (62396)	3/28/2002 12:13:18 AM
From: StanX Long	Read Replies (1) of 70976

Asian Stocks: Japan's Nikkei Declines; Korea, Hong Kong Advance By Tomoko Yamazaki 03/27 23:05 quote.bloomberg.com Tokyo, March 28 (Bloomberg) -- Japan's Nikkei 225 stock average dropped for the fifth day in six, paced by Seven-Eleven Japan Co., after February retail sales fell, forcing supermarkets and department stores to slash prices. The Nikkei shed 0.4 percent to 11,257.37 while the Topix index added 0.3 percent to 1080.32. Sumitomo Metal Mining Co. and other metals-related companies rose after gold had its biggest gain in seven weeks. ``Individual investors seem to be the major buyers of gold- related stocks on the back of soaring prices,'' said Mitsunobu Einaga, who helps manage $12 billion in assets at Norinchukin Zenkyoren Asset Management Co. ``The outlook for retailers is still gloomy.'' In other markets, South Korea's Kospi rose 0.7 percent after Moody's Investors Service raised the nation's sovereign rating by two notches. China Mobile (H.K.) Ltd. led the Hang Send Index up 0.6 percent after rival China Unicom Ltd. assured investors that competition in the country's mobile phone industry won't intensify. Singapore's Straits Times Index rose 0.8 percent. In

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