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

To: StanX Long who wrote (60185)	2/8/2002 3:35:37 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Nikkei bounces up, Asia higher February 7, 2002 Posted: 10:58 PM EST (0358 GMT) Japan's economy remains in the spotlight, with the Nikkei still near 18-year lows cnn.com TOKYO, Japan (CNN) -- Japan's benchmark Nikkei 225 stock average was back in the black by midday Friday after a shaky start in which tech issues and automakers eased. The Nikkei finished the morning up 95.04 points or just under 1 percent to 9678.31 after going as low as 9538 in early trade. The broader capital-weighted Topix was up 7.77 points or 0.83 percent to 949.01. Most other markets were also higher. Australia's S&P/ASX200 added 26 points or 0.8 percent to 3441, while in Seoul the Kospi was about a point higher at 729. Hong Kong and Singapore were moving higher towards the midday break, with the Hang Seng index up about 0.9 percent and the Straits Times index putting on about 0.7 percent. SingTel, Southeast Asia's biggest telco, reported a net profit of about $800 million for the nine months to December 2001, a drop of about 25 percent on the corresponding period in 200. Taiwan market closed Taiwan's market is closed for the Lunar New Year holidays and will reopen on February 18. With U.S. markets down again on Thursday, selected telcos and tech stocks in Japan were weaker, including NTT DoCoMo and Softbank.