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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Tony Viola who wrote (37564)	9/28/2000 10:50:22 PM
From: Proud_Infidel	Respond to of 70976

If similar sentiment from the Japanese market carries over tomorrow, we may be in for yet another down day: Thursday September 28, 10:29 pm Eastern Time Tokyo stocks rise broadly after Wall St rebound TOKYO, Sept 29 (Reuters) - Tokyo stocks rose widely in Friday morning trading after U.S. stocks rebounded on Thursday, easing concern about the impact of turbulent U.S. stock markets. Buying was also encouraged by hopes that fund managers will add value stocks to their portfolios before closing their books on Friday, the last trading day for the April-September first half of the Japanese financial year. Selective technology stocks, including Sony Corp , firmed after the tech-laden Nasdaq (^IXIC - news) index jumped more than three percent, while defensive stocks benefited from buying by investors moving into issues little influenced by U.S. stocks. Earnings jitters are expected to keep weighing on U.S. stocks for the time being, as illustrated by the earnings warning issued by Apple Computer Inc (NasdaqNM:AAPL - news) after the close of daytime trading on Thursday. The news caused its share price to plummet almost 50 percent in after-hours trading. ``Apple's announcement deterred investors from buying certain semiconductor-related stocks such as Tokyo Electron,'' said Masatoshi Sato, manager at Kankaku Securities' equity division. ``But the New York markets stabilised as a whole, and that is a big plus.'' The benchmark Nikkei average gained 241.56 points or 1.55 percent to 15,868.52 the midday break, after sliding to an 18-month closing low the previous day.