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Politics : Formerly About Applied Materials

AMAT 297.52

-6.6%

Feb 4 3:59 PM EST

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To: StanX Long who wrote (64000)	5/27/2002 9:53:06 PM
From: StanX Long	Read Replies (1) of 70976

Japanese Stocks Fall; UFJ, Mizuho, Banks Decline as Sony Drops By Michael Tsang quote.bloomberg.com Tokyo, May 28 (Bloomberg) -- Japanese stocks fell, led by banks such as UFJ Holdings Inc., on concern the government may not push through reforms to help lenders write off bad loans as public support for Prime Minister Junichiro Koizumi declines. ``Banks still have their bad loan problems that investors will be reminded of if the government doesn't push to help solve them,'' said Tatsuyuki Kawasaki, an equities manager at Kaneyama Securities. Computer-related shares slumped as investors shifted funds from companies that depend on U.S. sales to smaller domestic- related stocks that may benefit from an economic recovery. The Nikkei 225 stock average fell 63.18, or 0.5 percent, to 11,913.17. The Topix index slipped 4.49, or 0.4 percent, to 1127.44, with banks the index's biggest group decliners.

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