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Politics : Formerly About Applied Materials

AMAT 177.47

+1.6%

10:09 AM EDT

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To: StanX Long who wrote (60821)	2/21/2002 3:04:03 AM
From: StanX Long	Read Replies (1) of 70976

Strait Times Index drifts as investors look for direction Thursday February 21, 2:41 PM sg.news.yahoo.com SINGAPORE (Reuters) - Singapore shares were off their highs by midday on Thursday, as recent volatility in U.S. markets gave little direction to investors searching for an economic recovery story. "Our market gapped up from yesterday's close at the open but investors are still pretty cautious and are starting to sell into strength," said an institutional dealer at a Japanese brokerage. "I expect the market to trade sideways with a downside bias for the rest of the day." The Straits Times Index, which fell in the past four sessions, was up 0.32 percent or 5.56 points at 1,734.91 at the lunch break, off an early high of 1,750.04. It is still up six percent since the start of the year.

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