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To: oldirtybastard who wrote (72188)	2/27/2001 1:40:58 AM
From: patron_anejo_por_favor	Respond to of 436258

RealMan Live at Budokkan tonight: New 28 month closing low on the Nikkei (lowest close since 10/15/98)! biz.yahoo.com Nikkei ends at 28-mth low, led down by chips,banks By Risa Maeda TOKYO, Feb 27 (Reuters) - Tokyo stocks slid on Tuesday, sending the benchmark Nikkei average down over one percent to a 28-month closing low, hit by falls in chip-related stocks including Nikon Corp . Bank shares, whose five-day rally had provided support to the overall market, succumbed to selling by short-term speculators. Corporations and fund managers fuelled the bailout as they sold to pad their books before the March 31 end of the business year. Semiconductor-related issues lagged after a profit warning from Texas Instruments Inc. (NYSE:TXN - news), the world's number one maker of computer chips for mobile phones, and that was followed by a downward sales forecast revision by Nikon, a major Japanese maker of chipmaking equipment. The benchmark Nikkei average dropped 141.28 points or 1.07 percent to close at 13,059.86. ``The U.S. economy still seems to be the biggest risk for institutional investors here,'' said Hiroaki Muto, chief investment manager at Nissay Asset Management, referring to selling of technology issues that are usually vulnerable to volatility in their U.S. peers. ``They usually do nothing ahead of the end of the business year, but some, including pension funds, have started to reduce weightings in stocks and focus more on bonds,'' he said. The Nikkei closed at its lowest level since October 15, 1998, when it ended at 12,995.37, a post-bubble low. The broader TOPIX index (^TOPX - news) lost 10.08 points or 0.80 percent to 1,254.89, the lowest close since last Thursday.