1.   BELGIAN shares rose, following gains in Asian shares and as recent U.S. corporate earnings reduced concern that the Asian financial crisis will hurt the earnings of Belgian companies.

2.   Earnings concerns have pressured stocks in the U.S. index.

3.   In addition, the highest bond yields in more than three months spread earnings concern to a broader range of companies.

4.   NEW ZEALAND shares declined, led by Telecom Corp., after U.S. stocks suffered their worst decline in almost six years amid earnings concerns.

5.   Philippine stocks fell, led by declines in San Miguel Corp. amid earnings concern and Pilipino Telephone Corp. which tumbled to a record low.

6.   San Miguel Corp., a brewer and food manufacturer, also fell on earnings concern.

7.   The Philippine stock index rose to its second straight record high as optimism for robust corporate earnings overwhelmed concern over June inflation figures.

8.   The sector got off to a strong start, echoing gains in the U.S. yesterday even as the market floundered amid earnings concerns.

9.   The prospect of accelerating inflation is compounding earnings concerns.

10.   Today, the shares fell back amid continued earnings concern.