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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (930)11/26/2000 1:14:10 AM
From: energyplay  Read Replies (1) of 74559
 
Mr. Chen -

I thought that going into the last Asian currency crisis, that Taiwan was holding about 80 Billion in USD equivalnet foriegn currency in various forms, which menat that the
New Taiwan Dollar only had about a 10% devaluation after about 6 months (my memory is not exact).

Is this money still there, or has it been used to pay for oil or invested elsewhere ?

A Taiwan currency crisis would really messup the Semiconductor industry, and the SOX index. Taiwan makes wafer, does much of the complex packaging for high end chips (ball grid arrays, etc.) and build many of the boards for many diffent products. Big companies like TSMC & Intel will have easy access to capital, but many much smaller companies are key parts of the manufacturing chain.
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