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Pastimes : Ask Mohan about the Market

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To: MythMan who wrote (9456)11/26/1997 9:28:00 AM
From: Cynic 2005  Read Replies (2) of 18056
 
Pete,
Analysts say S.Korea must do more to calm markets
Yeah, right! The Governments all around the world should assure all investors that a 30% per year gain with 0% inflation 5% GDP growth is assured. Or, your money back! -g-
-Mohan
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SEOUL, Nov 26 (Reuters) - South Korea will have to do more to solve its market problems, despite unveiling an 8.5 trillion
won ($7.7 billion) rescue package on Wednesday, analysts said.

''The market's problems can't be solved by a temporary increase in liquidity,'' said Kim Jin-hong, an analyst at Hanjin
Securities.

''What is behind surging interest rates and plunging share prices is systemic risks of the South Korean market, which increased
dramatically.''
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