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

To: StanX Long who wrote (58803)	1/15/2002 3:49:28 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Tuesday January 15, 1:27 PM Hang Seng falls by midday but CITIC Pacific stocks dive sg.news.yahoo.com HONG KONG (Reuters) - Hong Kong blue chips were sharply lower by midday on Tuesday, hurt by Wall Street's weak performance, with conglomerate CITIC Pacific diving on news of the sale of its stake in a Chinese fibre optic telecom network. By the midday close, all but three of the 33 blue chip stocks listed on the benchmark Hang Seng Index had lost ground. The Hang Seng was down 2.03 percent at 10,982.31 points, slightly retracing a steeper fall to 10,965.24 in earlier trade. This was the first time the index, which was underperforming most key Asian indices on Tuesday morning, had fallen below 11,000 points since late November. On Monday, the blue chip Dow Jones industrial average slipped 0.96 percent while the tech-laden Nasdaq composite index fell 1.57 percent on persistent worries about dwindling corporate profits.