Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

3:59 PM EST

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To: muleskinner who wrote (18807)	10/23/1997 3:56:00 AM
From: Andie Wei-Ku Lin	of 61433

The FTSE-100 opens down over 3.3% this morning, in the aftermath of the Hong Kong debacle...the Hang Seng Index was down as much as 14+%, before recovering a bit to close down 9.35%. Think about the magnitude of such a decline on the US markets. Given the volatility of late and sensitivity to bad news, such a sell-off in the US would be quite large. Imagine being down over 800 points on the DJIA. In any case...let's see how the European markets move before the US open, and see if the future don't recover...have fallen over 12 points from yesterday's close.

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