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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56302)	11/26/2001 9:48:02 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

11/26 21:24 Asian Stocks: Japan Mixed, Advantest Gains; Taiwan's TSMC Rises By Tomoko Yamazaki Tokyo, Nov. 27 (Bloomberg) -- Japan's Nikkei 225 stock average gained for a fourth day, led by Advantest Corp. and other chip-related stocks, as optimism the industry will be one of the first to benefit from an economic recovery drove the Nasdaq Composite Index to a 3 1/2-month high. Exporters including Canon Inc. rose after the Finance Minister signaled Japan wants a weaker yen. The Nikkei 225 gained 0.4 percent to 11,106.38. The broad Topix index added 0.1 percent to 1090.05. Its gains were limited as Sumitomo Mitsui Banking Corp. and other lenders fell after Fitch IBCA Duff & Phelps cut their ratings. ``There's a possibility that bank's efforts may not be enough given the worsening economy,'' said Yuji Nakamura, a strategist who helps manage 580 billion yen ($4.6 billion) at Shinko Investment Trust Management Co. Meanwhile, ``investors are picking up tech stocks on back of news such as an end to inventory correction and decline in chip prices.'' Chipmakers led gains in other markets. Taiwan Semiconductor Manufacturing Co. sent the TWSE Index up 1.3 percent after the chipmaker yesterday raised its pretax profit forecast. That also gave Korea's Hynix Semiconductor Inc. a boost, leaving the Kospi index little changed. Singapore's Straits Times Index advanced 1.1 percent, led by Chartered Semiconductor Manufacturing Ltd. In Australia, the S&P/ASX 200 Index rose 0.5 percent, led by BHP Billiton Ltd. and Rio Tinto Ltd., after copper climbed. Japan's Advantest, the biggest maker of equipment used in the process of making computer memory chips, rose 3.1 percent to 8250 yen. Tokyo Electron Ltd., the second-largest maker of semiconductor production equipment, added 3.3 percent to 6870 yen.