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

To: StanX Long who wrote (58681)	1/11/2002 12:36:27 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

01/10 22:56 Asian Stocks: Japan Falls, Led by DoCoMo; H.K., Australia Gain By Michael Tsang and Yukiko Takai quote.bloomberg.com Tokyo, Jan. 11 (Bloomberg) -- Japanese stocks fell for a fourth day, led by NTT DoCoMo Inc. and other telecommunications companies, after the nation's top three mobile-phone operators added a third fewer users last month because of slowing growth. The Nikkei 225 stock average fell 0.5 percent to 10,485.25. Phone companies made up more than a fifth of the Topix index's 0.7 percent drop to 1003.14. Matsushita Electric Industrial Co. retreated from a 3 1/2-month high after the largest consumer- electronics maker said it will pay as much as 100 billion yen to gain control of five of its units. ``Mobile phone companies can't do anything to halt a slowdown in the domestic market,'' said Koichi Ogawa, chief fund manager at Daiwa SB Investments Ltd., which manages $7.6 billion. In other markets, Hong Kong's Hang Seng Index rose 0.4 percent, led by Li & Fung Ltd. and other exporters, on reports of better-than-expected U.S. retail. Australia's S&P/ASX 200 Index gained 0.2 percent, led by Normandy Mining Ltd., after the price of the metal climbed to a three-month high. Korea's Kospi index fell 0.4 percent, led by Hynix Semiconductor Inc. and its creditors, which denied Micron Technology Inc. will sign an agreement to take over Hynix's memory chip business on Jan. 21. In Japan, phone stocks fell after the nation's three largest mobile phone operators added a combined 711,800 users last month, a third fewer than a year ago, raising concern slowing growth the second-largest wireless market by sales may crimp profit.