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 (61861)	3/11/2002 12:05:26 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Tokyo Stocks Mixed Advantest Corp, Japan's top chip-testing device maker, lost 4.05 percent to 11,130. By Risa Maeda marketwatch.nytimes.com{FF163FD8-0EE7-4DDF-9023-72B0B7A628E0}&siteid=NYT&dist=NYT TOKYO (Reuters) - Tokyo stocks were mixed at midday on Monday after profit-taking by domestic institutional investors put a lid on an earlier rally in technology issues which had sent the benchmark Nikkei average to a fresh seven-month high. The Nikkei was down 53.63 points or 0.45 percent at 11,832.16 at midday after rising to 12,034.04, the highest intraday since August 9 and about 28 percent above an 18-year low marked only five weeks ago. The broader TOPIX index was up 4.72 points or 0.43 percent at 1,112.85. Several high-tech issues such as computer and chip maker Fujitsu Ltd extended gains, mainly on short-covering after a 2.55 percent rally in the Nasdaq underlined hopes of an economic recovery in the United States and at home. But some others succumbed to profit-taking and entered negative territory. "People are cautious about the speed of the recent rally," said Hidenori Karaki, equities general manager at Tokyo Mitsubishi Personal Securities.