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

To: StanX Long who wrote (58894)	1/16/2002 4:22:42 AM
From: StanX Long	Respond to of 70976

Wednesday January 16, 1:38 PM Singapore shares slip as investors await earnings sg.news.yahoo.com SINGAPORE (Reuters) - Singapore shares ended Wednesday's volatile morning session slightly weak as banks and technology companies suffered profit-taking on investor caution ahead of key earnings and economic data. The bellwether Straits Times Index was down 0.38 percent or 6.51 points at 1,687.97, after being up as much as 0.63 percent initially. It had fallen 2.14 percent on Tuesday but is still up four percent in 2002. Losers beat gainers 186 to 63 in the broader market in heavier volume of 432 million shares compared with 422 million at the break on Tuesday. Worries about the impact of U.S. chip giant Intel Corp's announcement after Wall Street's close on Tuesday that it would cut capital spending this year pressured technology stocks, dealers said. "The Nasdaq futures are sharply down. That's quite a dampener on tech stocks," said a dealer at a European brokerage. Some analysts said investors also took profits ahead of the results of Datacraft Asia in Singapore and giants like International Business Machines, Cisco and Microsoft later this week. They were also awaiting December exports data due on Thursday for confirmation that the decline in exports had bottomed.