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To: keithcray who wrote (6681)	7/17/2001 11:02:27 PM
From: keithcray	Respond to of 208838

Intel weighs on Japan chipmakers Tokyo slips, Seoul steady By Mariko Ando, CBS.MarketWatch.com Last Update: 9:22 PM ET July 17, 2001 TOKYO (CBS.MW) - The Tokyo stock market was dragged down by losses for Japanese chipmakers, which continued to fall Wednesday as chip giant Intel's earnings report didn't inspire confidence in that key sector. Shares of Japan's leading chipmakers such as Fujitsu (FJTSY: news, chart, profile) and NEC (NIPNY: news, chart, profile) fell after Intel, the world's largest semiconductor maker, posted a 76 percent drop in quarterly profits. See full story. In early morning Tokyo, the Nikkei Average slipped 0.33 percent, or 39.57 points, to 12,089.00. The broader TOPIX lost 0.41 percent to 1,218.88. South Korea's Kospi was standing virtually flat at 549.04 points, up only 0.02 percent by early morning. South Korea's financial market was closed Tuesday for the Constitution Day holiday. Australian stocks moved higher with the All Ordinaries Index adding 0.38 percent to 3,360.20. New Zealand's NZ Top 40 was trading up 0.32 percent at 2,041.27 by mid morning. The dollar was trading recently at 124.84 yen in early morning Tokyo, down slightly from 124.90 yen in New York late Tuesday. It changed hands at 125.44 yen late Tuesday in Tokyo. Mariko Ando is a Tokyo-based reporter for CBS MarketWatch.com.