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

To: StanX Long who wrote (59037)	1/17/2002 9:53:25 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

01/17 21:15 Asian Stocks: Japan's Sony Rises; Korea Drops After AIG Pullout By Michael Tsang quote.bloomberg.com Tokyo, Jan. 18 (Bloomberg) -- Japanese stocks rose, led by Sony Corp. and other exporters, as improvements in U.S. manufacturing and jobless claims spurred optimism the nation's biggest trading partner may recover in the first half. NTT DoCoMo Inc., the most active stock by value, rose on a report the mobile-phone operator plans to list shares on the New York and London stock exchanges on March 1 to attract offshore investors. The Nikkei 225 stock average rose 1.1 percent to 10,243.69. The broad Topix index added 1.1 percent to 995.44. ``The U.S. is starting to show signs of a recovery,'' as the latest economic indicators suggest, said Yasuo Ishizuka, who helps manage $2.7 billion in Japanese stocks at Kokusai Asset Management Co. in Tokyo. ``Listing in New York and London will make it easier for DoCoMo to attract more money overseas and will encourage the company to disclose more information.'' In other markets, Korea's Kospi fell 0.2 percent after American International Group Inc. said it ended talks to buy Hyundai Securities Co. and two of its financial affiliates. Taiwan's TWSE Index gained 1.8 percent after Apple Computer Inc. and Compaq Computer Corp. said they expect to beat sales forecasts, igniting hopes orders for the island's manufacturers will increase. Singapore's Straits Times Index added 0.5 percent, paced by Datacraft Asia Ltd. after the company said business improved in November. Japan's Sony, the second-largest consumer electronics maker and maker of the PlayStation 2 game console, rose 0.7 percent to 5940 yen. Toyota Motor Corp., Japan's biggest automaker, climbed 1.8 percent to 3480 yen. The third-largest automaker derives 70 percent of its profit from North America. Exporters gained after the U.S. government's weekly jobless report added to evidence that the economy has bottomed, investors said. The number of people filing new claims for unemployment benefits dropped last week to 384,000, its lowest level in more than five months. Economists had forecast an increase to 430,000.