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Strategies & Market Trends : Asia Forum

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To: Stitch who wrote (4069)	6/1/1998 6:22:00 AM
From: B Tate	Read Replies (3) of 9980

Stitch and all Quick perusal of the scrolling bar on CNBC 6:00PM local. Japan down 300+ Hong Kong down 300+ KLSE down 20+ Asutralia down ? Interesting in that financials lead the down today on KLSE. In fact two of the supposedly strongest, Maybank and Commerze were both listed in "most active down". Also taking hits were stallwarts like Nestle, Telecom, Rothman's and some other 'safe' issues. Maybank is now at an even 5.00 and Commerze is under two as I recall. So much for the earlier post eh? Ah yes Worswick, SDarby at 3.02 I think. With the Ringgit approaching 4 again we are again approaching your target! Thai Baht 41+ and Malaysian Ringgit 3.90+. I'm somewhat surprised at the Tai Baht. It appears that the government is really trying to work with the IMF in implementing all of the financial reorganization they wanted. The Baht had been below the 40 level for a couple of weeks and had shown signs of stabilizing in the 38.2 to 39.5 range. Doom and gloom all over the tube. Must be time for another 100+ day for the DOW. Rgds bt

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