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

To: StanX Long who wrote (60747)	2/20/2002 2:54:37 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Asian markets lower by midday February 20, 2002 Posted: 12:46 PM HKT (0446 GMT) asia.cnn.com Japanese banks strengthened in morning trade Wednesday, but most Asian markets were easier by midday TOKYO, Japan -- Japan and most Asian markets were lower by midday Wednesday after steep losses on Wall Street weighed on technology issues. In Tokyo, the benchmark Nikkei 225 average ended the morning down 30.87 points or 0.31 percent at 9,816.29, while the broader capital-weighted TOPIX index fell 5.01 points or 0.52 percent to 954.95. Markets in Taiwan, Australia, Korea and Hong Kong and Singapore were all off sharply. Taiwan's Taiex suffered the steepest fall, losing 121 points or more than 2 percent to 5739. Australia's S&P/ASX200 was down 37 points or more than 1 percent to 3433, while in Seoul -- where U.S. President George W. Bush arrived Tuesday -- the Kospi was down 8.3 points or 1.06 percent to 773.96. HK, Singapore easier In Hong Kong, the Hang Seng index eased 125 points to be off 1.1 percent near midday at 10,714, while Singapore's Straits Times index was down 23 points or 1.36 percent to 1719 in late morning trade. In Tokyo, modest gains by leading banks, including Mizuho Holdings, were offset by falls in tech-related issues such as Sony and NTT DoCoMo. Mizuho Holdings was up 2.8 percent at 220,000 yen, recouping part of Tuesday's 7.4 percent fall. UFJ Holdings added 4000 yen or 1.45 percent to 280,000 yen and Mitsubishi Tokyo Financial Group rose 11,000 yen or 1.43 percent to 780,000 yen Sumitomo Mitsui Banking Corp, Japan's second-largest bank, edged 0.66 percent higher to 455 yen.