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

To: mitch-c who wrote (61481)	3/6/2002 3:00:12 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Blue chips weak in early Singapore trade Wednesday March 6, 10:35 AM sg.news.yahoo.com SINGAPORE (Reuters) - Singapore blue chips were weak on Wednesday morning, but there was no broad selling pressure, with tech stocks holding well on hopes of a demand recovery. Chartered Semiconductor Manufacturing and chip tester ST Assembly Test & Services gained despite closing lower in New York overnight. Chartered rose 2.1 percent to S$4.88, and ST Assembly climbed up 3.4 percent to S$2.74 in moderate volumes. "For the semiconductor side, I think it's a good time to sell into strength, take some profits, given the uncertain earnings outlook," said Leng Seng Choon, analyst of UOB Kay Hian. On Tuesday, ING Barings upgraded Chartered to a buy on a view that the industry downturn had bottomed out.