Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: StanX Long who wrote (56623)	11/30/2001 2:03:36 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

More good news. Stan 11/30 01:17 Asian Stocks: Japan's Exporters Gain; H.K., Singapore, Korea Up By Tomoko Yamazaki quote.bloomberg.com Tokyo, Nov. 30 (Bloomberg) -- Japan's key indexes rose, led by exporters such as Canon Inc., after U.S. durable goods orders had their biggest gain in nine years, suggesting demand from their biggest market may improve. The Nikkei 225 stock average added 0.4 percent to 10,697.44. The broader Topix index rose 0.2 percent to 1050.22. Limiting gains, Mizuho Holdings Inc. and other banks fell after the jobless rate soared to its highest in almost 50 years, renewing concerns about a prolonged slump in the second-biggest economy. ``It really isn't a blue sky for the Japanese economy,'' said Abdul Khalil Ali, who helps manage about $300 million at Dexia Asset Management Asia Ltd. in Singapore. Meanwhile, buying exporters on the back of an improving U.S. economy is ``the only play that we can find in Japan.'' The U.S. report on durable goods also lifted Hong Kong, Singapore and Taiwan. In other markets, Korea's Kospi index advanced 2.4 percent after Moody's Investors Service said it may raise the nation's debt rating. Australia's S&P/ASX 200 Index gained 0.2 percent, led by BHP Billiton Ltd., as Japan's Nippon Mining & Metals Co. will cut copper production next year to help boost prices. The Topix Electric Machinery sub-index, which tracks the performance of companies like Canon, rose 1 percent. The U.S. reported a 12.8 percent surge in orders for items such as cars, planes and defense equipment last month, signaling Japan's No. 1 trading partner may soon recover from nine months of recession. Exporters also gained as the yen had its biggest drop in two weeks against the dollar on speculation Enron Corp.'s possible bankruptcy would trigger losses at Japanese banks and companies that lent the energy trader money or own its bonds.