C-Cube Message Board - Msg: 10257921

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Technology Stocks : C-Cube

CUBE 35.57

-2.0%

3:59 PM EST

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To: Peter V who wrote (42400)	6/24/1999 1:08:00 PM
From: Don Dorsey	of 50808

A wealth effect in China from rising stock prices will help VCD/DVD sales. Stock-Market Fever Hits China SHANGHAI, China, Jun 24, 1999 (AP Online via COMTEX) -- Sitting in rows of plastic seats facing a flashing wall of numbers, the crowd at Great Wall Securities is watching the most exciting show in town: soaring stock prices. ''I started buying stocks last year. I don't have many, but they're up about 20 percent,'' said Sun Xialong, a 37-year-old businessman. Without taking his eyes off the flickering prices, he said, ''I'm staying in the market. I think it will go higher.'' China is in the grip of stock market fever. After two years in the doldrums, its two exchanges have risen more than 50 percent in the past month. Shares change hands in record numbers as millions of new investors pile into the market.

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