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ANALYSIS - AUSTRALIAN SHARES SET TO BEGIN 2002 ON QUIET NOTE.
SYDNEY, Jan 1 Asia Pulse - Australian shares should begin trading in 2002 on a quiet note with many traders and strategists continuing their summer holidays.
Direction is likely to be slightly downward after the local bourse finished the last day of trading in 2001 weighed down by losses in market heavyweights News Corp and the big banks.
Wall Street, too, finished the difficult year on a downhill slide, as US investors sold off at the last minute in an effort to minimise tax charges.
Little news is expected to influence the local bourse in the first few days of 2002, and trade should remain thin.
However, resources and industrial stocks could glean some direction from ...
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