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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (231)	9/10/2000 11:24:36 PM
From: T L Comiskey	Read Replies (1) \| Respond to of 65232

Tokyo Stocks Trip on High Techs TOKYO (Reuters) - Soft high tech stocks led Tokyo shares lower by midday on Monday as the market took its cue from Wall Street, but robust economic data helped cushion the fall. Before the market opened, Japan's Economic Planning Agency said gross domestic product rose 1.0 percent in the April-to-June quarter -- a second consecutive quarter of expansion. That was slightly above a median forecast for a 0.7 percent rise in a Reuters survey. ``The economy's prospects and those of individual corporations both look good. But investors are still hesitant to buy shares because they are uncertain about the U.S. (Nasdaq) market,'' said Tetsuya Ishijima, chief strategist at Okasan Securities. The Nikkei ended the morning down 192.13 points or 1.16 percent at 16,309.42, while the broader and capital-weighted TOPIX index was 14.94 points or 0.99 percent lower at 1,494.94. Seasonal unwinding of cross-held shares, expected to peak this week ahead of half-year book closings in September, was another factor weighing on the market, dealers said.