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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 36.15-0.6%Dec 24 12:59 PM EST
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To: Yiren Huang who wrote (12518)10/30/1997 1:55:00 AM
From: Yiren Huang  Read Replies (3) of 27012
 
All,

Hong Kong is dropping quite big percentage again today:

quote.yahoo.com^HSI&d=t

But I realy think Hong Kong should take some drop quite a lot both in stocks and real estate for the following reasons:

1. After the Chinese Goverment take over, although it looks like it runs on its own, it no longer is a free port like before, for example the tie with Taiwan will not be as close as before. And the role of being a trading center will probably shift to Shanghai.

2. Living costs are overly expansive and not much land to expand. This eventualy will drive some economic entities to shift to other countries and maybe mainland China.

3. Lot of wealthy people left H.K. and moved their assets to places like U.S., Canada, England and Australia. This will make the market vacum of investment and make it fall big time.

4. Chinese government try to vitalize the economy so that they don't lose the face. But with the human involvement in the free market, this will have far worse effect than Alan Greenspan's talk shows. They control the bank and can change the interest rate too swiftly. I bet they put billions of their dollars reserve to pump the market up but will actually work the other way around by making it more volatile like a volcano.

Their unsettlement realy stir some ripples here in the U.S., but eventualy I believe they will have only minimum influence to U.S. market since they are only a small portion of the whole asian market.

Just IMHO

Ronnie
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