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To: StanX Long who wrote (58756)	1/14/2002 1:35:59 AM
From: StanX Long	Respond to of 70976

Monday January 14, 1:56 PM Singapore shares rise by midday on fund buying sg.news.yahoo.com SINGAPORE (Reuters) - Singapore's main share index recovered from early Wall Street-led losses to be slightly higher by midday on Monday on fund buying in some blue chips like United Overseas Bank and City Developments. The broader market, however, was mixed on profit-taking with second-rung stocks continuing to dominate volumes and sectors like those connected to healthcare notching gains. "There's selective buying in the market. We continue to see some rotational interest into laggards here and there," said a dealer at a European brokerage. By the break, the benchmark Straits Times Index was up 0.21 percent or 3.52 points at 1,707.59 after being down as much as 1.15 percent initially. The STI is up 5.2 percent in 2002. Overall, losers edged out gainers 131 to 116 as volume dipped to 318 million shares from 558 million at the break on Friday.

To: StanX Long who wrote (58756)	1/14/2002 1:40:38 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Monday January 14, 1:13 PM Hang Seng recovers earlier losses as China Mobile rebounds sg.news.yahoo.com HONG KONG (Reuters) - Hong Kong blue chips closed the Monday morning session little changed, recouping earlier losses as the bourse's second largest constituent China Mobile staged a technical rebound after a sharp fall last week. Exporters Johnson Electric and Li & Fung also fell after United States Federal Reserve chairman Alan Greenspan said the U.S. was still dogged by "significant" risks such as higher unemployment and falling consumer spending. The U.S. is Hong Kong's second largest export market. The benchmark Hang Seng Index was off 0.1 percent at 11,155.57 points, after dipping as low as 11,029.22 shortly after the market opened. "We saw the first support at 11,000 points, the next will be 10,900 and the resistance will be 11,200," said Philip Chan, head of research at Capital Securities. The mainland's largest cellular carrier China Mobile climbed 1.45 percent to HK$24.55, after losing 13.26 percent last week, which had left it oversold on its 14-day relative strength index. Its smaller rival China Unicom, gained 2.53 percent to HK$8.10, reversing some of last week's 11.24 percent slide. By midday, the stock was the top percentage gainer among blue chips. "Between the two counters, China Unicom is likely to deliver higher growth in subscribers and revenues because its base is smaller than Mobile's," said Capital's Chan.