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

To: StanX Long who wrote (63093)	4/23/2002 5:05:13 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Straits Times Index follows Wall Street lower Tuesday April 23, 10:10 AM sg.news.yahoo.com SINGAPORE (Reuters) - Shares faltered at start on Tuesday as Wall Street's dive undermined sentiment and hurt blue chips like Singapore Airlines (SIA) and the banks, but Creative Technology rose as results beat expectations. At 0125 GMT, twenty five minutes after trading got under way, the key Straits Times Index was down 0.42 percent or 7.19 points at 1,720.47. Losers beat gainers by 71 to 36 in moderately thin volume of 59 million shares. SIA fell 2.14 percent to S$13.70, partly giving up its gains of 3.70 percent on Monday. Among other large cap losers were electronics contract maker Venture Manufacturing , down 1.72 percent to S$17.10 and Chartered Semiconductor Manufacturing , off 2.05 percent to S$4.78. Banks weakened and pulled the finance sector index down 0.72 percent. But Creative rose 1.9 percent to S$21.60 after the computer peripherals maker posted a fiscal third quarter net profit of $15.1 million or 20 U.S. cents per share, exceeding its earlier forecast of 13-14 cents per share, and forecast earnings of 15-18 cents in the fourth quarter.