The FinanceAsia Composite Internet Index Facix closed at 175.63 points on Friday, October 6, down 3.46 points -1.93% from the previous trading day.
This performance of Asia's most comprehensive internet index reflects investors' gloomy perspective of the dotcom sector. If an investor had placed $100,000 into Asian internet plays at the beginning of the year, it would only be worth $17,500 today.
Pacific Century CyberWorks in Hong Kong, which earlier this year swallowed Hong Kong Telecom, accounts for about 47% of the index. Thus the fate of the Facix is very much dependent on the fate of PCCW .
Neowiz Corp up 11.91%
eWORLDOFSPORTS.COM up 9.09%