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

To: stockman_scott who wrote (41001)	9/6/2001 11:12:34 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

Tokyo stock drop on GDP, Nasdaq By Mariko Ando, CBS.MarketWatch.com Last Update: 8:46 PM ET Sep 6, 2001 TOKYO (CBS.MW) - Tokyo stocks opened sharply lower Friday after data showing a decline in the gross domestic product confirmed the country's economy continue to deteriorate. The Nikkei Average opened down 137.36 points, or 1.29 percent, at 10512.97. The broader Topix lost 1.11 percent to 1078.64. The government announced just before the market opened that the country's GDP fell 0.8 percent in real terms in April-June from the previous quarter, in line with the market's expectation. See full story. Market sentiment was bearish also after the U.S. Nasdaq tumbled 3 percent. The dollar was quoted at 120.77 yen in early morning trade in Tokyo, compared to 120.87 yen in New York late Thursday. South Korea's Kospi dropped 1.36 percent to 545.05 shortly after the open. Australia's All Ordinaries Index was trading down 1.08 percent at 3,173.70 early in the morning session. --------------------------------------------------------------------------------