COMS & the Ghost of USRX w/ other STUFF Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00130

0.0%

Nov 7 11:47 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jhild who wrote (10975)	12/23/1997 8:40:00 AM
From: Moonray	Read Replies (1) of 22053

South Korea Meets Foreign Bankers as Default Looms South Korea gave foreign bankers a full account of the country's overseas debt crisis for the first time, hoping to prevent them from triggering a default. The meeting came as Korea's stock market, bond market and currency all plunged to record lows when Standard & Poor's Corp. joined Moody's Investors Service in slashing the country's credit rating to junk. Investor confidence in Korea is at rock bottom and foreign exchange continues to flow out of the country at least as fast as it flows in. Tuesday's Asian Markets: South Korean Stocks Suffer Record Loss South Korea's benchmark stock index suffered its biggest one-day decline ever while stocks on other exchanges across Asia were mixed. The Korean won fell to a record low 1,961 against the dollar, pushing other Asian currencies down as well. The Japanese yen was little changed against the dollar and the Tokyo stock exchange was closed for a holiday. In Seoul, the benchmark Kospi index of 775 companies plunged 29.70, or 7.50 percent, to 366.36. its largest one-day drop on record. The decline came after Moody's Investors Service and Standard & Poor's lowered the country's foreign-currency debt rating to junk status. Hong Kong's Hang Seng Index rose 195.63 points, or 1.9 percent, to 10,368.10 -- snapping a two-day losing streak. o~~~ O

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next