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Technology Stocks : Intel Corporation (INTC)

INTC 36.91

-1.1%

Dec 31 3:59 PM EST

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To: Gary Ng who wrote (37917)	10/28/1997 4:40:00 AM
From: Tunica Albuginea	Read Replies (1) of 186894

Gary, Re: "It's the HK stock market that's tanking in lieu of the HK dollar.". I have a list of questions for you: a) Do you think it would be better for HK to devalue? unpeg? the HK$? b) Why is the HK$ being attacked? b1)Is it because of an overvalued/speculative real estate market in HK? b2)Or is it because there is a crisis of confidence in the Chinese goverments ability to handle th HK$ and HK Market properly, ie through the free market? Maybe it would be better at this point to unpeg the HK$ and let the chips fall were they may and let China learn how to dealwith free markets since they'll have to do so sooner or later anyway. TA

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