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Strategies & Market Trends : WEBS for international investing

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To: yard_man who wrote (10)	2/25/1998 3:54:00 AM
From: JPN	Read Replies (1) of 47

I was on the AMEX site. Nothing on Thailand. I e-mailed them but not sure if it got through. In early January when Singapore crashed, the analyst on the Asian CNBC and Asia Business news were predicting Singapore Index would drop below 1000, Singapore Dollar would be trading at $2.00 to $2.25 for US$1.00. I guess they are not much better than analyst in US... Lee Kuan Yew, Senior PM in Singapore, was quoted in the Singapore Straits Times as saying he thought China could not avoid devaluing eventually. Thought it might be a year out. Here is the quote: "I believe they can hold it for one more year. But over the long term, it would be very painful for them because, if the Korean Won stabilises at 50 percent of the rate it was in November last year and the Thai Baht and the Indonesian Rupiah, at between 30 and 50 percent, the renminbi will not be competitive." Will this Asian problem be hanging over ours heads for another year or more? Haven't Korea and Thailand and Malaysia at least bottomed out?

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