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Technology Stocks : INDONESIA'S PT TELECOM(TLK)
TLK 21.12+1.3%Jan 30 9:30 AM EST

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To: Susan Saline who wrote (754)7/2/1998 8:46:00 AM
From: tonto  Read Replies (2) of 947
 
Congrats to date on this trade. Do you have a sell point?
I am awaiting one more move then anticipate going in and also down the line in Thailand.

Asian Crisis

The Asian crisis continues to unfold with depression like characteristics. China's industrial production is declining over 25%. Hong Kong's real retail sales has contracted at a 35% annual rate.

South Korean industrial production has fallen over 20%
during the last 6 months.

Moody's has recently downgraded the credit worthiness of
several large Japanese banks. The Japanese bond yield is
only 1.13% - an historic low.

Retail sales in Singapore have declined by about 40% during
the last 3 months.

Thailand's cement production fell 60% recently.

Malaysian imports have declined over 40%, auto sales are
down 60% so far this year, and first quarter real GDP fell
24%..

The Indonesian WPI is running at over a 300% annual rate.

In other areas, new concerns about the Russian economic crisis is adding to worries about the international markets. We believe that the crisis is more like the Mexican than Asian crisis, in that the debt at risk is government debt, not bank or private debt. In other arenas, the leading indicators for Canada, England, Germany, Netherlands, Spain, and Sweden have begun to slow. Australian exports are falling by 30%, and Hawaiian tourism from Asia is down over 25%. India's auto sales are falling over 15%.
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