Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who started this subject	3/29/2003 2:16:49 AM
From: energyplay	Read Replies (1) of 74559

Asian Stocks Drop on War, Disease for the Week; Airlines Slide By Andrew Hobbs Tokyo, March 29 (Bloomberg) -- Asian stocks fell this week, led by Qantas Airways Ltd., Cathay Pacific Airways Ltd. and other airlines, after the outbreak of a deadly flu-like disease and the war in Iraq curtailed travel. South Korea's Kospi index dropped 3.4 percent, its fourth weekly decline in five. Eight of the 10 worst-performing indexes in Asia so far this year are subindexes tracking Korean stocks. Benchmarks in Hong Kong, Singapore and Taiwan also declined for the week. ``Business people are terrified and they will rather use video conferencing instead of making a trip in Asia,'' said Jerry Chen, who manages the equivalent of $101 million in First Global Investment Trust Co.'s Excellent Fund. He said he doesn't plan to buy any airline shares. ************************* Terrified ? or just the latest fad ? Some how I don't see Hong Kong people being terrifed short of a Cat 4 Typhoon... or higher taxes.

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