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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (69871)	11/1/1999 12:42:00 PM
From: tom r. phillips	Read Replies (1) of 132070

Michael et al. - current view of SE Asia? I'm still long Malaysia EWM with a nice profit, but wondering ... . e.g., today from Reuters ( biz.yahoo.com ): "MSCI DISAPPOINTMENT DRAGS ON TAIWAN, MALAYSIA Only Taiwan (^TWII - news) and Malaysia (^KLSE - news) stocks languished after Morgan Stanley Capital International (MSCI) said it would delay changes to re-weight the two countries on its closely watched set of indices. Taipei stocks failed to sustain an opening Dow-inspired rise after MSCI said it would postpone hiking Taiwan's weighting from February to May 31, 2000 on worries over the possible effects of the February 29 leap year day on global liquidity. Kuala Lumpur shares lost more than two percent after MSCI delayed Malaysia's re-inclusion to its indices until the same day in May 2000, also citing computer fears. Political uncertainties remained another negative factor, with investors awaiting moves by Prime Minister Mahathir Mohamad to call snap elections. September trade data showed economic activity in Malaysia was on the rise. September imports jumped 16.7 percent to 22.1 billion ringgit ($5.82 billion) from 20.4 billion ringgit in August while the trade surplus in September narrowed to 6.0 billion ringgit from 6.7 billion in August." tom phillips

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