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To: mogwai8myball who wrote (96233)	3/13/2000 11:28:00 AM
From: HG	Respond to of 164684

Let me know when you dip into PHCM. I bought some early today...but very little...

To: mogwai8myball who wrote (96233)	3/13/2000 12:05:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>SNE looks like a good buy under 200. Karen, what makes you think so? Sony, great company... bad climate. I was hoping to see Japan pull out of their recession. I still am. >Markets Post Steep Declines; Political Woes Sink Taiwan An INTERACTIVE JOURNAL News Roundup Asian-Pacific markets posted steep declines Monday, pushed by Wall Street's weak showing Friday and growing domestic concerns. Taiwan shares plunged 6.6% and South Korea tumbled 4.1%. World Stocks: Overseas Pros Employ Different Styles; Mobius Travels, While Willyard Surfs In the U.S. Friday, the Dow Jones Industrial Average fell 81.91 to 9928.82, and the Nasdaq Composite Index inched up 1.76 to 5048.62. Taiwan shares plunged amid concerns that an opposition candidate could win Saturday's presidential election, logging the biggest one-day point fall ever and the largest percentage drop -- 6.55% -- in a decade. Investors dumped shares due to worries that a victory by Chen Shui-bian, the Democratic Progressive Party candidate, would bring the island into heightened conflict with the mainland, said analysts. Over the weekend, Mr. Chen secured important endorsements from an influential academic and leading businessmen. He also held a massive rally in the southern city of Kaohsiung in what some said was the one of the biggest political rallies in Taiwan's history. While a Chen victory would end 55 years of Nationalist Party rule, the market's major concern is the DPP's party platform, which calls for eventual independence from China, a development Beijing has said it would prevent with military force. South Korean shares ended lower with the key Korea Composite Stock Price Index plunging 4.1% due to relatively heavy selling by local institutional and foreign investors, mainly in large capitalized stocks, following the fall on Wall Street Friday. On the broader market, shares were mixed. The technology-rich Kosdaq market also finished lower due to profit-taking over recent gains. Japan's Nikkei 225 stock average finished nearly 3% lower as investors rushed to sell off telecommunications and high-technology stocks, especially Internet-related issues. The release of October to December gross domestic product figures Monday morning, which showed that the economy shrank 1.4% on the quarter, had little impact on the market since the news was largely factored into prices, players said. Instead, investors were spooked by recent reports of problems with Sony's PlayStation2 and unfavorable reports and rumors about Hikari Tsushin, one of Japan's benchmark Internet stocks.