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

To: StanX Long who wrote (56646)	11/30/2001 3:45:18 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

So how do we use this information to our advantage? Friday November 30, 3:04 PM Tech group sees fast growth in Asia-Pacific online trading sg.news.yahoo.com SINGAPORE (Reuters) - The number of online securities trading accounts is expected to grow six-fold by 2005 in the Asia-Pacific region excluding Japan as Internet penetration rises, global technology consultancy IDC said on Friday. "By 2005, online trading accounts will total 42.2 million in the region compared to about seven million currently," Kit Yau, IDC's research manager, told a briefing in Singapore on Friday. The bulk of the growth is expected to come from China, which has about three million accounts now, but the rise in South Korea will be steady as it is already a mature market, she said. Preliminary findings of an IDC study have shown greater usage of Internet banking in Australia, South Korea and Singapore than other areas. Senior analyst Douglas Jaffe said South Korea had been successful in getting people to bank online because of the incentives offered by the banks.