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Strategies & Market Trends : Asia Forum
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To: Zeev Hed who wrote (3443)5/9/1998 4:52:00 PM
From: Lee  Read Replies (2) of 9980
 
Zeev,

Currency flows into US banks and the US stock market, and European banks and European stock markets. We see that happening today. This money is again invested in Asia because at the moment Asia is cheap.

I'm not sure which has fallen further in Asia, supply or demand. At the moment we can say for certain purchasing power has moved outside Asia.

Hyundai to concentrate their businesses in areas of unique competence. That is certainly a change in focus. I'll look to Korea to build a new model and others to follow.

Does the fact that more of the money flows through US/European banks and stock markets change at all the dynamics in the region? Or do subsidiaries of global companies submit more to local custom?

Regards,
Lee
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