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Technology Stocks : Cymer (CYMI)
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To: BillyG who wrote (6770)10/27/1997 8:56:00 AM
From: D.J.Smyth  Read Replies (2) of 25960
 
on my system this a.m.: The problem in HongKong has mainly to due with China's desire to link the currency
there to the US Dollar which, the businesses fear, would cause a devaluation. This
linkage has not yet occurred and probably won't given the markets reactions to the
news. On a side note, Shangai's market closed slightly up as did Singapore's.
Singapore's market carries a bigger stick for the Southeast Asian countries than does
Hong Kong. Hong Kong is now tied to the whims of the Chinese government which is
not adept at free market reform. The noise about overcapacity is overblown. It is a
currency issue for now according to the news given to me this a.m. Singapore has
higher gdp per capita than the US.
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