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To: Shack who wrote (47884)	2/19/2001 5:56:08 AM
From: bigbuk	Respond to of 62347

<font color=red>Tokyo markets--28-month low Monday 01:53 GMT-05:00 Monday, February 19, 2001 Tokyo — Shares in Tokyo closed at a 28-month low Monday, hurt by losses in optical fibre plays after the U.S. Nasdaq's 5 per cent drop stoked fears over a speedy cooling in global demand for tech goods. The tech-heavy U.S. Nasdaq was hard hit Friday by a profit revision from Canada's Nortel Networks on the previous day after the market closed. "The news of Nortel's chilly short-term future certainly shocked fibre-optic investors here on Friday and into today," said Hiroshi Arano, director of the investment trust management department at Dai-Ichi Kangyo Asset Management. "Given Japan's shaky political and financial situation, the market will continue to produce such knee-jerk reactions to stock movements in the U.S."