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: StanX Long who wrote (60751)	2/20/2002 3:06:18 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Tokyo stocks end almost flat in post-Bush lull Wednesday February 20, 2:28 PM sg.biz.yahoo.com TOKYO (Reuters) - Tokyo stocks ended almost flat on Wednesday as institutional investors largely sat on the sidelines after a visit by U.S. President George W. Bush ended a day earlier without yielding fresh economic policy initiatives. But short-term money flew into defensive issues, such as drug makers and utilities, balancing falls in several high-tech issues including Matsushita Electric Industrial Co Ltd <6752> after a three-percent tumble by the tech-heavy U.S. Nasdaq market. The benchmark Nikkei average finished down 13.03 points or 0.13 percent at 9,834.13. The broader TOPIX index edged down 3.05 points or 0.32 percent to 956.91. "The market had risen on policy hopes in the run-up to his (Bush's) arrival," said Kuniaki Fujimoto, managing director at Japan Investment Trust Management. "Now that the event is over, the Nikkei is likely to enter a correction phase in which it moves in a range of between 9,500 and 10,000." Consumer electronics giant Matsushita Electric Industrial, the most actively traded issue by value, lost 2.45 percent to 1,512 yen. The parent of Matsushita Communication Industrial Co Ltd (MCI) <6781>, Japan's second-biggest cellphone maker, came under pressure after MCI reported poor earnings the previous day. Matsushita Electric Industrial's earnings for the latest quarter are due on Thursday.