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Politics : Formerly About Applied Materials

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To: StanX Long who wrote (61305)	3/3/2002 10:56:57 PM
From: StanX Long	Read Replies (1) of 70976

Int'l investors remit US$211 mil. out of Taiwan in February By Alfred Lee, The China Post Friday March 1, 12:00 AM sg.news.yahoo.com Foreign institutional investors transferred a total of US$211 million from Taiwan to their overseas accounts in the first four weeks of February, according to Securities and Futures Commission of the Ministry of Finance. According to a top official of UBS Warburg Taiwan, the transfer of foreign exchange out of Taiwan by foreign institutional investors is a temporary capital adjustment as part of the Enron percussions. The flow of foreign exchange out of Taiwan is not likely to trigger a capital avalanche, the UBS Warburg executive indicated. In the first four weeks of February foreign institutional investors transferred US$42.067 billion from abroad to Taiwan - slightly less than the US$42.278 billion they remitted to Taiwan in January.

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