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Technology Stocks : Softbank Group Corp -- Ignore unavailable to you. Want to Upgrade?

To: badon518 who wrote (5168)	5/31/2000 12:22:00 AM
From: mact	Read Replies (1) \| Respond to of 6018

to my surprise, 9984 currently down....maybe this explains it. Nikkei firms, high-techs bask in Nasdaq afterglow Reuters Company News - May 30, 2000 20:08 Jump to first matched term TOKYO, May 31 (Reuters) - Tokyo stocks opened higher on Wednesday, as major high-tech shares rose strongly on the back of a record gain overnight by the U.S. Nasdaq composite index . The benchmark Nikkei average started the day 45.24 points or 0.28 percent higher at 16,274.14 and firmed slightly in the first few minutes of trade. "Although I'm not sure last nights rebound was the start of a sure recovery, the market has been looking a bit oversold and investors are anxious for an opportunity to come into the market again," said Kazunori Jinnai, general equities manager at Daiwa Securities SB Capital Markets. The Nasdaq jumped 7.94 percent, its biggest percentage gain ever, as investors decided over Monday's Memorial Day holiday that high-tech shares were oversold last week. Investors also bought U.S. technology stocks on expectations economic data due out later this week will be benign and lower chances the Federal Reserve will raise rates aggressively, traders said. High-tech manufacturing giant Sony Corp was bid-only at 10,070 yen in early trade, up from 9,970 yen at Tuesday's close. Hitachi Ltd rose 2.9 percent to 1,350 yen. Internet investor Softbank Corp was bid-only at 18,420 yen against its close Tuesday at 18,020. But some traders said profit-taking may emerge in later trade from investors who have taken on cautious habits over the past few months of painful losses in high-techs. Upside resistance on the Nikkei is seen at around 16,700. June Nikkei futures rose 260 points to 16,560 by 0015 GMT.

To: badon518 who wrote (5168)	5/31/2000 3:57:00 PM
From: Edwin S. Fujinaka	Read Replies (2) \| Respond to of 6018

It is not just the issue of free trade that is at stake here with regard to the question of the conflict between the Mainland Chinese and Taiwan. The Mainland Chinese have effectively shifted the US Government policy towards Taiwan by bribing Bill Clinton, Al Gore, and the Democratic National Committee with campaign contributions. The Executive Branch of the US Government has become less friendly towards the democratic Government of Taiwan and more friendly towards the totalitarian Government of Mainland China. The current aggressively hostile attitude being displayed by Mainland China towards Taiwan is probably based on the idea that Clinton is less likely to resist overt aggression by the Communist Chinese against Taiwan than a George W Bush as President. I believe that the US has a treaty arrangement to resist force directed against Taiwan by Mainland China, but the President of the US has a lot of leeway in implementing the use of force. Anyway, if you recall, the original question was whether Son's role as an advisor to Taiwan would have a negative impact on Softbank's relationship with the Mainland Chinese in terms of Softbank's business in Mainland China. I would suggest that Softbank donate money to the Clinton Library Fund so that Son and the Communist Chinese can go to the same parties <G>. Or perhaps a direct financial contribution to key high level people in the Chinese Government might be more effective. These cynical comments are partly tongue in cheek (but only partly).