INDONESIA'S PT TELECOM(TLK) Message Board

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Technology Stocks : INDONESIA'S PT TELECOM(TLK)

TLK 20.49

+3.0%

3:59 PM EST

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To: tom who wrote (497)	5/7/1998 2:51:00 AM
From: Solon	1 Recommendation Read Replies (1) of 947

The local price rises when the currency falls due to the fact that the stock has an "absolute" US dollar value because of its NYSE listing. The local price will therefore equilibrate on an exchange rate fall by going up, just as it would go down if the rupiah appreciated. Cheers

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