European Stars and Stripes (Newspaper) - March 25, 1990, Darmstadt, Hesse                                Page 20 the stars and Stripe sunday March 25,1990 stocks reacting to Tokyo slip 1.3% in week it May not upgrade its mainframe com in apr Linn Iota a us it. Uin new York up a Stock prices registered their first decline in three weeks last week As investors finally responded to the Sharp sell Oft in the Tokyo Market. The Dow Jones Industrial average fell 8.56 Friday to close at 2704.28, yielding a loss of 36.94 Points on the week or about 1.3 percent. Among the broader Market averages the new York Stock Exchange composite Index lost 2.47 Points to close the week at 185.45. Standard amp poor a 500-Stock Index fell 4.69 to 337.22. Declines led advances 1,226-657 among the 2,167 issues traded last week. Big Board volume totalled 758,092,320 shares compared with 773,233,070 a week earlier and 592,606,280 a year ago. The Tokyo Market had a dismal week and investors who had succeeded from distancing Wall Street from the recent fall in Tokyo prices finally sat up and look notice. On monday the japanese Market posted its third biggest loss Ever As the yen continued to Sag and the Dollar gained with the Blue Chip nikkei Index plunging 1,353.20 Points or More than 4 percent to its lowest close in More than a year. It posted its Only gain of the week on Friday. In explaining Why . Markets finally focused on the troubles in Tokyo Hugh Johnson chief economist at first Albany corp., said . Investors had perceived the decline in Tokyo Over the preceding two weeks to be manageable. A International Money managers pulled Mutual funds Money Back from japanese stocks and invested in stocks and Bonds Here. This was reflected in the Strong Dollar a he said. But when the decline became More severe Johnson went on it raised fears that Japan might have to raise its Benchmark discount loan rate to bolster the yen an action that could trigger a Sharp economic slowdown in Japan. Still other analysts saw the weeks loss As a technical correction. A everything was in place for a technical correction and Tokyo a declines just came in on top of that a said Monte Gor Don research director of Dreyfus corp. But Gordon acknowledged that the japanese Market did have some effect on trading Here. A it is getting frustrating since it seems we done to know where the Bottom is in the japanese Market. It maintains a note of uncertainty in the Market its part of the Overall scenario a he said. At amp to was the most Active Issue last week off % to 41 /. Bank of Boston followed Down 1 to 14 i. Philip Morris was third up it to 39 is. Among the other Blue chips ism tumbled 3% to 105 amid reports that Puter line late this year to i vhf to 73the company said of whup l w0u�ldla 0ff fewer hour y workers than had been anticipated. Gen a motors was off 1 /8 to 46 a. Ral on the american Stock exc Hanm the amex Market value Index was 2.57 to close Friday at 36161t clones led advances 474-327 Amonette 997 issues traded. Amex volume Rose to 80 770 5rs shares from 70,083,965 traded a week earlier and 39,075,325 traded in the same week a year ago. Engineer turned entrepreneur Wang Dies after Long Battle against cancer Boston apr an Wang the slight. Chinese born Engineer whose development of a major computer firm was a classic american Success Story died saturday at Massachusetts general Hospital after a Long fight against cancer at age 70. Hospital spokesman Martin Bander said Wang died at 5 31 . A the was operated on originally on july 14 of last year for esophageal cancer a very difficult form of cancer a Bander said. A the was admitted to the mass general cancer Center on March 6 after suffering some  he began Wang laboratories in 1951 above an electrical fixtures store in Boston with a work Force of one himself. Wang went on to develop the magnetic Core a Small doughnut shaped ring of Iron that was the Basic element of computer memory until the microchip was introduced in the late 1960s. Wang a Shanghai native was a schoolteachers son who came to the United states in 1945 and went to Harvard University As a graduate student. When his firm began to grow quickly Wang moved it to Lowell Northwest of Boston. 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Once rated the fifth richest Man in America Wang expanded the firm which now i employs 23,000 workers worldwide. His wife Lorraine sons Fred and Courtney and daughter Juliette stayed at his j bedside during his hospitalization company spokesman Paul Guzzi said. Wang turned the company a presidency Over to his son Fred at a time when the . Computer Industry was experiencing i difficulty. Fred Wang later stepped Down but an Wang continued As chief executive i officer. To Xii 1189 no. Tresh 10.40 no. Ust master equity 13 69 14.34 04 Inette 8 69 9.10 01 late 8 90 9.32 .01 my Dan 8.82 9.24 .01 United a gent Genrl 8 66 no. Gwla 19 60 no ,05 Inco 10 91 no. 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