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To: accountclosed who wrote (25935)	3/18/1999 6:45:00 AM
From: John Pitera	Read Replies (1) \| Respond to of 86076

Yes a bit of global weakness today, I'm sure Bizarro Luc will have his monkey ready to spank the buy button today. -g- Substantive news Edit: March 18, 1999 Tokyo Stocks Drop 3.4% As Profit-Taking Sets In An INTERACTIVE JOURNAL News Roundup Tokyo stocks plunged 3.4% Thursday as Japanese investor sold shares in order to lock in profits after the market recorded three days of solid gains. Over the previous three sessions, Japan's blue-chip average had gained nearly 780 points, including Wednesday's 195.29-point gain. Despite the steep drop Thursday, traders were quick to point out that the Nikkei 225 average has climbed more than 2000 points since early this month. They added that foreign investors were still buying shares and said that such buying from abroad is likely to support the market near current levels until the fiscal close on March 31. "The market has shot up so sharply that it is only natural for there to be some selling at this point," said Sachio Ishikawa, general manager of stock trading at Chuo Securities. Elsewhere in Asia, profit-taking also took hold in South Korea, as Seoul's main index tumbled 3.6%, and Hong Kong, where stocks lost 2.6%. The Korea Composite Stock Price Index had risen 6% for four consecutive trading sessions from last Thursday through Tuesday on climbing U.S. stock prices and the yen's gains versus the dollar, while Hong Kong's blue-chip Hang Seng Index had rallied 18% over the past month. Australian shares tracked Wednesday's slip on Wall Street. On Wednesday, the Dow Jones Industrial Average shed 51.06 to 9879.41.