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Technology Stocks : PCW - Pacific Century CyberWorks Limited -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (849)	3/30/2001 2:25:25 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

Stockwatch Friday 30 March 2001 Frankfurt German stocks fell, led by Allianz AG, after Frankfurter Allegemeine Zeitung reported Europe's second-largest insurer planned to buy Dresdner Bank AG. The DAX Index fell 120.69points, or 2 per cent, to 5817.52. Paris A fresh attack of tech-sector blues halted a three-day recovery from last week's bloody rout. The CAC-40 finished 85.17 points lower at 5150.43. London Shares closed lower on Wednesday, dragged down by key earnings downgrades that pushed global markets into negative territory. The FT-SE 100 closed down 114.1 points, or 2 per cent, at 5614. New York Wall Street made an expected retreat, sending technology and blue-chips sliding on a mix of profit-taking and earnings warnings. The Nasdaq was thumped 118.13 points, or 6 per cent, to 1854.13. The Dow fell 162.19 points to 9785.35. Johannesburg Keen investor appetite for Anglo American and takeover target De Beers spiced up a bland Wednesday as angst over "new economy" stocks kept the market hamstrung. The All-share Index fell 30.8 points to 8402.1 points. Auckland The Top 40 Index was little changed, falling 0.02 per cent to 2037.33. Air New Zealand, the nation's largest airline, extended yesterday's plunge. Tokyo The Nikkei fell 693.15 points to 13,072.36. Japanese companies also declined after the government said industrial production had risen a seasonally adjusted 0.4 per cent last month. Seoul The Kospi lost 4.99 points to 523.8. Samsung Electronics, the biggest computer memory-chip maker, fell 1.5 per cent to 204,500 won. Hong Kong The Hang Seng fell 203.29 points to 12,648.13, its second decline in three days. CyberWorks plunged 12 per cent to $HK3.05, on course for its biggest drop in six months. Manila The PSE Composite Index lost 1.5 per cent to 1430.16 points as the central bank postponed further interest-rate cuts while waiting for signs that domestic inflation is slowing. Jakarta Indonesian stocks rose for a second day, led by PT Telekomunikasi Indonesia. The Composite Index rose 6.59 points, or 1.8 per cent, to 381.77. Singapore The Straits Times Index fell 21.18 points to 1633.14, its lowest since April 1999. Chartered Semi, the third-largest maker of chips to companies' designs, declined 7.9 per cent to $S4.20. Bangkok The SET Index fell 0.2 per cent to 286.62 points, led by Bangkok Bank and other lenders. theage.com.au