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

To: advocatedevil who wrote (58492)	1/7/2002 10:13:45 PM
From: Gottfried	Respond to of 70976

"Analyst upgrades chip equipment sector citing cyclical recovery" Monday January 7, 2:18 pm Eastern Time biz.yahoo.com Haven't listened to it because the headline says all. Gottfried

To: advocatedevil who wrote (58492)	1/8/2002 2:43:41 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

AD, well things aren't starting off too good overseas. Stan Tuesday January 8, 12:50 PM Hang Seng retreats but property bucks downturn sg.news.yahoo.com HONG KONG (Reuters) - Hong Kong stocks retreated on Tuesday morning as the market's recent gains made investors nervous that it was advancing too quickly while corporate earnings have yet to pick up. Bucking the downturn were leading property developers, a target of investors who believe interest rate cuts in the past year are starting to encourage home buyers to enter the market. The Hang Seng Index slid 1.55 percent or 184.11 points to 11,708.53, finding support at 11,678.06. Turnover at HK$4.1 billion (US$526 million) was well below the HK$5.2 billion on Monday morning, indicating selling pressure was not too heavy. China's two sole mobile phone operators China Mobile and China Unicom were at the forefront of selling, depressed by Beijing's confirmation that it plans to issue two more mobile phone licences in the next two years to create four integrated telecom companies in China. China Mobile dropped 2.82 percent to HK$27.60 while smaller rival China Unicom shed 2.25 percent to HK$8.70. Meanwhile, banking giant HSBC Holdings tumbled 2.37 percent to HK$92.75. The stock has been volatile because of its exposure to Argentina's beleaguered economy. The bank has said, however, that its exposure to the Latin American country accounts for less than one percent of its total assets. Investors looking to buy blue chips focused on property developers including leaders Sun Hung Kai Properties and Henderson Land Development, which climbed 1.08 percent to HK$70 and 2.67 percent to HK$38.40, respectively.