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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.00130-67.5%Nov 7 11:47 AM EST

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To: Scrapps who wrote (7357)10/23/1997 4:03:00 PM
From: Dwight E. Karlsen   of 22053
 
HK suicide unrelated to market - Merrill

LONDON, Oct 23 (Reuters) - The suicide of a British employee of U.S. securities house Merrill Lynch in Honk Kong was unrelated to this week's plunge in the Hong Kong stock market, a Merrill Lynch spokesman told Reuters on Thursday.

Merrill said William Culley, 43, an information technology expert, took his own life late Tuesday night/Wednesday morning but the act was not associated with market trading.

Merrill confirmed that Culley, who left a wife and two daughters, had worked as a vice president at Merrill in Hong Kong since early 1996, having previously been an employee of British stockbroker Smith New Court which was bought by Merrill.

''Mr Culley's suicide has no connection whatsoever to this week's sell-off in the Hong Kong market,'' Merrill spokesman said.

''We are deeply saddened by the loss to Bill's family and to Merrill Lynch. During this difficult time, our thoughts are with the members of his family.''

Earlier, Hong Kong police said a man had been found dead by his wife in the Repulse Bay district of the territory. Chinese newspapers immediately speculated that the suicide was related to the share market whose fall has gathered pace as the week has gone in.

On Thursday, the Hang Seng index of blue chip shares in Hong Kong fell 10.41 percent.
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