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

To: StanX Long who wrote (59983)	2/5/2002 12:51:14 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Asian Stocks: Japan's Toyota, Nomura Decline; Hong Kong Drops By Michael Tsang 02/04 23:05 quote.bloomberg.com Tokyo, Feb. 5 (Bloomberg) -- Japan's Topix index fell, led by Toyota Motor Corp. and other exporters, as the yen's 1.9 percent gain against the dollar in the past three days raised concern the value of their overseas revenue will be reduced. ``The yen's strengthening against the dollar triggered some short-term investors to sell exporters such as automakers,'' said Shuichi Hida, who helps manage $1.2 billion of investments at Sanyo Investment Trust Management Co. The Topix dropped 1.7 percent to 927.49, its lowest since Feb. 13, 1985 with automakers as a group making up about a fifth of its decline. The Nikkei 225 stock average fell 1 percent to 9,539.87. Nomura Holdings Inc., tumbled for a third day on concern the market's slide to a 17-year low will erode profit at the nation's biggest brokerage. Hong Kong's Hang Seng Index dropped 1.3 percent, led by Hutchison Whampoa Ltd. as profit at its overseas investment may fall short of forecasts. Chipmakers in Taiwan fell after their U.S. shares fell yesterday and an industry group said global sales won't start rising until the second quarter. Korea's Kospi index rose 0.7 percent, its first gain in six days.