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Strategies & Market Trends : HONG KONG
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To: MikeM54321 who wrote (1610)5/15/1998 12:59:00 PM
From: Tom   of 2951
 
Mike: Beyond local asset pricing, which as we know can't be overlooked in Hong Kong, the HSI is sentiment-driven. That's all. Hong Kong is in good fiscal shape.

Calls for the HSI to re-visit the lows of last year I, and I suspect others as well, base more on a "baby with the bath water" evolution. Regional and national damage assessments have been recorded. The effects of the damages, however, have yet to be fully manifested throughout the region. Hong Kong will trend w/ the remainder of the region.

It's really beginning to smart, however. The pain is being felt now by both businesses and individuals. It's "do or die" time for many establishments.
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