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Technology Stocks : Ascend Communications (ASND)
ASND 205.50-1.5%Dec 5 9:30 AM EST
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To: sepku who wrote (18804)10/23/1997 2:00:00 AM
From: Andie Wei-Ku Lin   of 61433
 
Tomorrow may be a very quick day...Hong Kong was down 9.35%,
and Japan, Malaysia, Singapore were down significantly. The
drop in HK was worse than the 1987 stock market crash, and
even larger than the Tianemen (sp?) Square period.

S&P Future were knocked down more than 9 points from the close
yesterday at one point. Rising interest rates in SE Asia, while
still lower than US debt, may attract overseas interest...and
pressure US debt offerings.

However, I feel that many officials, especially in the US will
comment on how SE Asia's problems (esp. Malaysia, Thailand) are
isolated and will not/do not affect the US markets.

Let's look to see how Europe opens.
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