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Strategies & Market Trends : Asia Forum

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To: Rational who wrote (526)	1/7/1998 3:55:00 AM
From: Don Earl	Read Replies (1) of 9980

Hi Sankar, I'm starting to wonder if the focus on the Yen and the Nikkei is more media hype than anything that has to do with reality. The Nikkei is worth about $112 US. If it drops 500 yen it would be about as earth shaking as IBM loosing $4. The Canadian dollar has lost 5 cents since April in US$. The US$ will buy 7 cents more against the yen than it did in April. Is anybody talking about a global economic melt down because of a weakness in the Canadian dollar? Or when Ford or General Motors looses a couple bucks a share? Is there a composite index of all listed stocks in Japan that would give a better reality focus than the Nikkei? Regards, Don

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