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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (92108)	4/11/2003 4:32:18 AM
From: LindyBill	Respond to of 281500

I watched the "Frontline" hour tonight on North Korea. Nothing new for us, but a good rehash of what has gone on. You would agree with the Clinton people, I agreed with the Bush people. The next few months of our dealing with NK will be interesting, to say the least.

To: JohnM who wrote (92108)	4/11/2003 9:25:04 AM
From: Condor	Read Replies (1) \| Respond to of 281500

AP Finance News Tokyo Stocks End at 20-Year Low 04/11/2003 06:24:33 EST Tokyo's benchmark stock index sank 2 percent to a two-decade low Friday amid concerns about the U.S. economic outlook. The U.S. dollar was slightly lower against the Japanese yen. The Nikkei Stock Average of 225 issues closed down 163.63 points, or 2.05 percent, at 7,816.49 points - its lowest finish since Jan. 25, 1983, when it ended at 7,803.18. The index lost 77.49 points, or 0.96 percent, on Thursday. The dollar was trading at 119.78 yen by late afternoon, down 0.03 yen from late Thursday in Tokyo, but above the 119.65 yen it bought in late New York trading. Traders sold blue-chip issues that rely on U.S. sales for a significant share of their profits, amid worries about the strength of the U.S. economy, analysts said. "The market as a whole will remain under selling pressure for a while. With the market's attention shifting from the war in Iraq, uncertainties over the U.S. economy - given the large fiscal deficit - are making investors bearish," said Hiroaki Hiwada, an analyst at Toyo Securities. Foreign investors led Friday's selling of multinational blue chips such as Sony, NEC and Canon. Local corporate investors joined in and unloaded the issues from their pension fund portfolios. Fund managers are under pressure to sell blue-chip issues to raise the money to return a portion of public pension funds they have been investing in stocks on the government's behalf. Real estate issues sank on reports that Tokyo office building vacancies were at their highest point since the burst of Japan's speculative property bubble in the late 1980s. Landlord and real estate developers Mitsubishi Estate and Mitsui Fudosan both ended lower. The broader Tokyo Stock Price Index was down 10.17 points, or 1.28 percent, at 782.25 points Friday. The index, which includes more than 1,000 of Japan's largest companies, fell 8.75 points, or 1.09 percent, Thursday. Volume on the Tokyo Stock Exchange's first section was estimated at 994.27 million shares, up from 883.64 million shares Thursday. Decliners beat gainers 703 to 668, while 138 issues ended unchanged. In currencies, the euro bought $1.0778 Friday afternoon in Tokyo, unchanged from late Thursday. Against the yen, the euro traded at 129.06 yen, up from 129.04 yen. The yield on Japan's benchmark 10-year government bond was down at 0.6800 percent from Thursday's close of 0.6850 percent. Its price rose 0.05 to 100.18.