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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (11945)	10/2/2003 1:03:11 AM
From: StanX Long	Read Replies (1) \| Respond to of 95385

Japan Stocks Up at Midday 2 hours, 28 minutes ago Add Business - Reuters to My Yahoo! story.news.yahoo.com TOKYO (Reuters) - Japanese shares posted handsome gains by midday on Thursday, bolstered by institutional buying of banks and other domestic-oriented stocks a day after the Bank of Japan's "tankan" survey showed corporate sentiment had improved. Mizuho Financial Group, the world's biggest bank by assets, was the most active issue by value, closing the morning up 5.86 percent at 307,000 yen after rising as far as 320,000 and setting a new record high for a third straight session. The recent momentum among top banks, helped by upbeat earnings forecasts by Mitsubishi Tokyo Financial Group this week, spread to regional banks and other financial stocks. Wednesday's two percent rally in U.S. blue-chip stocks and the dollar's resilience versus the yen after its tumble to three-year lows this week also helped, traders said. "A big difference versus the past is that behind this rally lies buying by domestic institutional investors," said Tatsuyuki Kawasaki, director of Kaneyama Securities' equities trading division. The Nikkei average ended the morning session up 1.18 percent at 10,483.18 after rising as high as 10,576.26, its best intraday level since September 24. The broader TOPIX index was up 1.66 percent at 1,047.07.