Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: advocatedevil who wrote (59828)	2/1/2002 1:47:22 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Taiwan stocks end down on pre-holiday concerns Friday February 1, 1:52 PM sg.biz.yahoo.com TAIPEI, Feb 1 (Reuters) - Taiwan stocks ended an up-and-down session a touch lower on Friday, as fears of unwelcome surprises during a long market holiday beginning next week eventually outweighed optimism over improving corporate fundamentals. The TAIEX <.TWII> share index fell 14.21 points, or 0.24 percent, to 5,857.93, after opening more than one percent higher at the intraday high, then sliding into see-saw trade. "There should be strong resistance at the 6,000 point level. I think people are worried about what will happen over the 10-day holiday," said James Lu, investment director of JF Asset Management (Taiwan). "I think people are still expecting growth. Consensus is that corporate profits will grow 30-40 percent this year and that is quite amazing," said Lu, who oversees some US$60 million in funds for institutional clients.