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

To: StanX Long who wrote (64299)	6/11/2002 11:48:27 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Asian Stocks: Japan Falls, Led by Kyocera, TDK; Taiwan Declines By Michael Tsang quote.bloomberg.com Tokyo, June 12 (Bloomberg) -- Japanese stocks fell, led by Kyocera Corp. and TDK Corp., on concern demand for mobile-phone components will lag after Nokia Oyj, the world's largest cellular- phone maker, slashed its second-quarter sales forecast. ``Nokia's worse-than-expected sales will spark concern among Japanese phone makers,'' said Fumiyasu Sato, who helps manage $1.2 billion in Japanese equities at CDC IXIS Asset Management Japan Co. ``Because the mobile phone market is shrinking, phone companies may start losing business.'' The Nikkei 225 stock average fell 1.4 percent to 11,285.09. The Topix index shed 1.1 percent, to 1088.91. Mizuho Holdings Inc. led banks lower on a newspaper report Japan's banking regulator said executive disputes caused a computer network failure when it opened its banks on April 1. In other markets, Taiwan's TWSE Index fell 0.9 percent, led by Lite-On Technology Corp., as investors spurned a planned merger between the computer-monitor maker and three affiliates. South Korea's Kospi index fell 0.1 percent, led by companies with large weightings, as investors sell their holdings before June options and futures contracts expire today. Singapore's Straits Times Index shed 0.1 percent, led by Chartered Semiconductor Manufacturing Ltd. and other computer- related stocks, as the Nasdaq Composite Index's slump to an eight- month low suggests that the industry isn't picking up as fast as expected. In Japan, mobile-phone component makers slumped after industry leader Nokia said sales in the second quarter will probably fall between 2 percent and 6 percent, paring its forecast for the second time in two months.