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Sherlock356

05/11/03 9:44 PM

#106597 RE: techanalyst1 #106596

Semiconductors rally...

Tokyo, May 12 (Bloomberg) -- Japan's stock benchmarks rose, led by semiconductor-related shares such as Tokyo Electron Ltd., after U.S. peers Intel Corp. and Nvidia Corp. said demand for computer chips is improving.

``Looking at the way semiconductor-related shares are reacting to Intel's outlook, we might be reaching a turning point where the industry has passed the worst,'' said Yasumasa Nishimura, who helps manage the equivalent of $170 million in Japanese equities at Dai-Ichi Kangyo Asset Management Co.