DAVID HAFFENREFFER, CNN ANCHOR: Let's get a check now on how the Asian markets fared overnight.</s>CHRISTINE ROMANS, CNN ANCHOR: And here's Dalton Tanonaka in Hong Kong with a wrap of Tuesday's action.</s>DALTON TANONAKA, CNN CORRESPONDENT: Good morning, Christine and David. Asian stock trading was dominated by domestic factors and a gloomy outlook for the global chip sector. Tokyo slipped eight-tenths of 1 percent to a four-week low. Electronics maker Toshiba lost nearly 4 percent on investor worries of slowing demand in the chip industry. After the markets closed, Toshiba confirmed investors fears by revising its fiscal group net profit estimate downward by 30 percent to $837 million. Gains in property and financial stocks lifted Hong Kong a 1/2 percent. Politics pressuring investor sentiment in Taiwan, the Taipei Weighted Index losing nearly 1 1/2 percent of its value. After trading ended there, tech bellwether Taiwan Semiconductor Manufacturing delivered its 2000 earnings in-line with expectations. The world's biggest contract chip foundry earned more than two billion U.S. dollars. And that's a 165 percent surge from last year. But the guidance going forward isn't as rosy. The company warns its sales for the first quarter of this year will drop 25 percent due to cooling demand. TSMC dipped a 1/2 percent. And that is the trading and business day in Asia. David and Christine, back to you in New York.</s>HAFFENREFFER: All right, thank you, Dalton.
Domestic Factors, Gloomy Outlook For Global Chip Sector Dominate Asian Stocks