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

To: StanX Long who wrote (62560)	4/1/2002 5:18:36 AM
From: StanX Long	Respond to of 70976

Asia shares uninspired at start of new quarter Monday April 1, 2:56 PM sg.news.yahoo.com Jane Nelson SINGAPORE, April 1 (Reuters) - Asian stock markets were flat at the start of a new quarter on Monday and searching for direction as Easter holidays in the United States meant there were few leads to follow. The U.S. dollar gained some support from a worse-than-expected Bank of Japan quarterly tankan survey and endless talk that Japanese investors would send money abroad now that the new business year had started there. But the tankan survey, which showed the key diffusion index for large manufacturers was unchanged in March from the December survey, failed to inspire Tokyo stocks on the first day of Japan's new fiscal year. The benchmark Nikkei average <.N225> closed up a scant 0.03 percent at 11,028.70 on Monday. "It's kind of a lonely start to the new fiscal year," said Masaharu Sakudo, managing director at Tachibana Securities."The tankan gave us little to go on." The U.S. market last traded on Thursday before a long Easter break. It will resume trade later on Monday. The technology-packed Nasdaq Composite index <.IXIC> climbed 1.02 percent to end at 1,845.35, while the blue-chip Dow Jones industrial average <.DJI> slipped 0.22 percent to 10,403.94. LITTLE ACTION IN ASIA Share markets in Hong Kong, Australia and New Zealand remained closed on Monday for Easter. Action was restrained in those Asian markets that were open, even in Taiwan following Sunday's powerful earthquake which killed five people.