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

To: Venkie who wrote (11856)	11/5/2000 9:34:53 PM
From: Jill	Respond to of 65232

I think it'll be good I'd like to do some buying in the a.m.

To: Venkie who wrote (11856)	11/5/2000 10:45:19 PM
From: T L Comiskey	Read Replies (1) \| Respond to of 65232

Don...... Tokyo Stocks Led Higher by Techs TOKYO (Reuters) - Tokyo stocks climbed on Monday morning, as calm in U.S. markets ahead of presidential elections boosted high-tech shares such as Toshiba Corp and Sony Corp. "It seems the U.S. market won't be affected too much by election results, and that's quite reassuring," said Katsuhiko Kodama, head of equities at Toyo Securities. "Investors are slowly regaining their confidence, and the Nikkei should start to establish support around 15,000." The benchmark Nikkei average rose 291.38 points or 1.96 percent to 15,129.16 by midday, a level last seen on October 24. The December futures contract in Osaka rose 280 points to 15,110. The broader TOPIX index perked up 20.21 points or 1.42 percent to 1,444.72. Microchip and electronics maker Toshiba rose 3.88 percent to 831 yen, as investors applauded news it was in talks with Germany's Siemens AG on a far-reaching cooperation deal to produce next-generation mobile telephones. In addition, it said it expects to cut costs by 130 billion yen ($1.21 billion) in the business year to next March by adopting Six Sigma, a quality control system. Sony, the high-tech sector's bellwether issue, bounced 2.34 percent to 9,200 yen after slipping 2.81 percent on Thursday in line with other high-techs. Japan's financial markets were closed on Friday for a national holiday. Among other high-techs, Internet investor Softbank Corp jumped 7.38 percent to 7,570 yen. Softbank is heavily invested in several Net firms listed on the U.S. Nasdaq composite index, which rose 0.66 percent to 3,451.58 on Friday after better-than-expected fourth-quarter earnings from wireless technology company Qualcomm Inc Overall, gainers outnumbered losers 954 to 280 on the first section of the Tokyo Stock Exchange with firm volume of 367.19 million shares, up from Thursday morning's 238.25 million. But traders said the Nikkei would likely stay near its current level due to lingering concern about uncertainty on the domestic political front. Japanese Prime Minister Yoshiro Mori, dogged by a series of verbal blunders and the resignation of a scandal-hit cabinet minister, said on Thursday he was determined to remain in power although his popularity has dropped below 20 percent, flagged as a danger zone by domestic media. Market analysts said a change in leadership would likely win favor from investors in the long run, but such prospects were not encouraging investors due to the lack of an obvious successor.