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

To: StanX Long who wrote (60787)	2/21/2002 1:48:03 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Asian Stocks: Japan's Nikkei Surges; Hong Kong, Singapore Gain By Michael Tsang quote.bloomberg.com Tokyo, Feb. 21 (Bloomberg) -- Japan's Nikkei 225 stock average had its biggest gain in 11 months on optimism orders for Tokyo Electron Ltd. and other chip-equipment makers will recover after a report said U.S. demand increased. ``The report is another piece of evidence that the chip industry has bottomed and is starting to show improvement in their orders,'' said Fumiyasu Sato, chief investment officer of CDC IXIS Asset Management Japan Co., which manages $1.2 billion in Japanese equities. The Nikkei 225 stock average added 4.7 percent to 10,295.42, its biggest one-day gain since March 26, 2001. The Topix index climbed 3.3 percent to 988.89, with computer-related stocks accounting for a fifth of its gain. The Semiconductor Equipment & Materials International book-to-bill ratio rose last month, as customers ordered more U.S. chipmaking equipment.