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

To: StanX Long who wrote (60999)	2/27/2002 2:07:47 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Asian Stocks: Japan Rises, Led by Mizuho; Hong Kong, Korea Gain By Tomoko Yamazaki quote.bloomberg.com Tokyo, Feb. 27 (Bloomberg) -- Japan's Nikkei 225 stock average climbed to a seven-week high after the draft of a government policy proposed limits on investors who attempt to profit from share price declines, whom officials blame for driving the index this month to an 18-year low. The Nikkei 225 rallied 3.6 percent to 10,573.09. Mizuho Holdings Inc. and other banks made up more than a tenth of the Topix index's 2.4 percent gain to 1007.18. Exporters such as Sony Corp. advanced after the Japanese currency's slump to within 1 yen of a three-year low against the dollar yesterday increased the value of their overseas sales. ``The tighter rules on short sales have been supporting the market,'' said Hajime Yagi, who helps handle about $1 billion in Japanese equities at Meiji Dresdner Asset Management Co. Meanwhile, ``the weakening yen is a catalyst to buy automakers and other exporters that may be able to generate more revenue at the currency's current rate.''