THIS IS A RUSH TRANSCRIPT.  THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. DEBORAH MARCHINI, CNN ANCHOR: In Tokyo, investors bought banks and technology issues helping the key index bounce back from a 16-year low. We go now to Dalton Tanonaka, live from Hong Kong, with the very latest -- Dalton.</s>DALTON TANONAKA, CNN CORRESPONDENT: Good morning, Deb. Tokyo's blue chip average snapped back after falling to that lowest point in the session before 16-year lows. The Nikkei adding 2.3 percent on sentiment that perhaps prices had fallen just too much. Bank stocks attracted the buying. Mizuho Holdings is the world's biggest bank by assets. It jumped 5 percent to regain more than half of a 7 percent drop the day before. UFJ Holdings gained more than 4 percent. Mitsubishi Financials adding more than 3 percent. Hong Kong's Hang Seng edged a tenth of a percent weaker on light trading. But one stock capturing investor attention, oil company CNOOC. That stock surged 5 percent on news that it'll list on the blue chip index from next Tuesday. Stocks in Taiwan took another beating, falling to a near eight- year low. A leading think tank cut its forecasts for 2001 economic growth by more than half to 2 percent -- the third downward revision on that island in less than two weeks. That's an investors on a selling spree, but near the end of trading, analysts say there was some institutional buying from state funds. Still, the Taipei Weighted index fell 2.6 percent, closing slightly above the psychologically important 4000 level. And that's the market day here in Asia. Back to you, Deb, in New York.</s>MARCHINI: All right. Thank you very much, Dalton. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Asian Investors Buy Into Bank and Technology Issues