DEBORAH MARCHINI, CNN ANCHOR: Chip stocks were under pressure in Japan. For a wrap of the Asian market action, we go to Dalton Tanonaka, in our Hong Kong Bureau -- Dalton.</s>DALTON TANONAKA, CNN CORRESPONDENT: Hi, Deb. You are right. Tokyo stocks finished weaker for the third straight session, on concerns over the gloomy outlook for the global chip market, the 225-share Nikkei falling 1.7 percent, semiconductor stocks the biggest losers. Fujitsu slipped 2.1 percent after it became the latest Japanese chipmaker to announce a temporary cut in production, amid the downturn in demand. Another chip giant, NEC, says it's considering a similar halt in chip output. It's stock price is down 1.6 percent. Japan's leading mobile phone company, NTT DoCoMo, fell 2.5 percent, to its lowest close since March -- investors reacting to reports the company will delay the launch of mobile Internet services in Europe. Hong Kong's Hang Seng index closed 1 percent weaker, as investors feared they would be disappointed when U.S. tech heavyweights, including IBM and Intel, report earnings later this week. Decliners were led by China's biggest mobile phone company, China Mobile. It fell 2 percent. But Taipei's weighted index edged a fraction higher on a technical rebound from the previous session's seven-year low. Analysts say the entry of a new state pension fund entered that market and provided some buying support. And that's the business day here in Asia. Back to you, Deb, in New York.</s>MARCHINI: Thank you, Dalton, Dalton Tanonaka, in our Hong Kong Bureau. 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 Market Update: Tokyo Stocks End Weaker