Asian Stocks: Japan Mixed as Telecoms Rise, Chipmakers Fall; Korea Gains
By Dominic G. Diongson
Tokyo, May 10 (Bloomberg)
quote.bloomberg.com
some extractions:
The Nikkei 225 stock average rose 30.49, or 0.2 percent, to
16,977.01. Gains in the index were limited as chipmakers, such as
industry leader NEC Corp., fell on concern falling prices for
their mainstay memory chips will further erode profit.
Chipmakers fell after the Nikkei reported the spot price --
the price for immediate delivery -- for the 64-megabit chips used
as main memory in personal computers has plunged to a record low
of $6.70 a chip, down 17 percent from the end of March.
Micron Technology Inc. of the U.S. as well as German and
Taiwanese manufacturers have begun to offer synchronous dynamic
random-access memory chips or DRAMS at the $6 level, Nikkei said.
NEC Corp., Japan's biggest maker of microchips, fell 1.1
percent to 1,400 yen. Fujitsu Ltd. shed 0.7 percent to 2,000 yen.
Toshiba Corp. fell 0.4 percent to 797 yen.
''We had thought Japan's chipmakers would be able to make
some money on DRAMs this fiscal year, but the issue's basically
already settled,'' said Yohei Kanazawa, a senior analyst at Daiwa
Institute of Research Ltd. |
