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To: Bill F. who wrote (63705)	9/26/1999 8:53:00 PM
From: Lucretius	Read Replies (2) of 86076

i see that Taiwan has discovered a way to destroy the evil shortsellers and ensure shares never fall -g-..... i fully expect the Clintonistas to initiate something similar once the bottom falls out here... you may have receive a court order to cease and desist all unamerican shortselling activities (BG) Sunday September 26 12:42 PM ET Taiwan Market To Limit Share Drops By DIRK BEVERIDGE AP Business Writer TAIPEI, Taiwan (AP) - Fearful of panic-selling on the Taipei Stock Exchange, officials said Sunday night they will impose emergency limits on how far shares can fall in reaction to the killer earthquake. The market has been closed since the quake struck Tuesday. It reopens Monday, and analysts expect a steep dive in prices on concerns about economic fallout from the disaster. Finance Minister Paul Chiu said individual shares temporarily will be allowed to fall by no more than 3.5 percent each day - half the usual daily limit of 7 percent. Chiu said the new limits will ''ensure that market order can be sustained.'' The emergency measure will last two weeks. Analysts predict that Taiwan's 1999 economic growth will be cut to around 5.5 percent, compared to previous projections of 5.7 percent. Interest rates and unemployment could rise as the island struggles to bounce back from the quake that killed more than 2,000 people. The government said information about the quake's impact on Taiwan's listed companies is still sketchy, making it difficult for investors to make informed decisions. Chiu said Taiwan's ''comparatively vigorous'' economy can soon recover from problems brought on by the quake. He urged investors to stay calm. ''This short-term move will pass quickly,'' he said. ''It will not go so far as to cause any panic.'' Investors around the world are most concerned about the quake's impact on Taiwan's crucial semiconductor industry. Manufacturers here make 10 percent of the world's chips and about 80 percent of the ''motherboards'' used to run personal computers. The semiconductor makers did not suffer much physical damage at their plants. They are located mostly in northern Taiwan, far from the quake's epicenter in the central part of the island. But power blackouts kept them out of business last week and it remains unclear how soon they can be up and running. Workers will need to recalibrate the sensitive manufacturing equipment, and even if the plants get back into business in the next few days, the companies will have lost at least a week's worth of production. That could lead to supply glitches in the global computer industry, experts say. --------------------------------------------------------------------------------

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