Sun, Sep 15, 2002 - Page 10 News List

Japan's stocks may fall this week

BLOOMBERG , TOKYO

"I won't buy stocks next week if I don't see improved signs of a US economic recovery," said Lee Jae-hyun, who overseas US$322 million in Korean assets at KEB Commerz Investment Trust Management Co.

Korean Air Co, the nation's largest carrier, may decline on concern the increasing risk of war between the US and Iraq may inflate fuel prices, hurting its profit.

An industry report on Thursday from Semiconductor Equipment & Materials International will also allow investors to gauge when profits at chip-related companies such as Tokyo Electron Ltd and Advantest may recover.

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