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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?
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To: borb who wrote (1085)6/9/1998 11:13:00 AM
From: fut_trade  Read Replies (1) of 3902
 
>Hong Kong

Unlike it's Asian Neighbors Japan, Korea, Singapore, Malaysia and Taiwan, Hong Kong does not produce semiconductor and other computer related products. There are virtually no high-technology industries here. Hong Kong faced a crisis of sorts 15 or so years ago and has since transformed itself into a financially-based center -- to the best of my understanding.

I do not know why the HKD is pegged to the US dollar, but the last thing anyone wants to do here is remove that peg.

My rent is fixed by a one/two year lease, as is my salary (paid in HKD), so no matter what happens, currency valuation has no net impact on me -- although my understand is that rent prices are in general on the decline.

I don't know enough about the Hong Kong economy now to know what would cause major havoc, but unlike Japan and Taiwan -- countries who derive a large fraction of revenue from high-technology exports, Hong Kong is in a different boat.
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