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Strategies & Market Trends : Asia Forum

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To: peter michaelson who wrote (2264)	2/19/1998 12:58:00 AM
From: Stitch	Read Replies (1) of 9980

All; An unusually quiet day on the thread but not so in Asia. Midday markets are up as follows: Seoul +5.5% KLSE +3.1% (Maybank leading the charge) Bangkok + .5% Jakarta +5.0% Nikkei + .6% PI +2.0% HangSeng + .7% News in the region includes a report that Suharto is reconsidering the currency board, which the markets seem to have welcomed. No reports this morning of new violence so maybe things calmed down a bit? Japan has announced it will include new initiatives to aid Indonesia as a part of its roll out of new economic plans tommorow. Results of a poll of Asian Business executives identified Malaysia as the most attractive spot for new investments amongst the Asian nations. Hong Kong announced another high surplus budget performance today prompting calls for tax relief and government spending programs. Japan has reported another increased trade surplus. Thats the wrap up midday here in Asia. Where is everyone peter? Best, Stitch

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