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Strategies & Market Trends : Asia Forum

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To: yard_man who wrote (5116)	7/9/1998 11:21:00 PM
From: Stitch	Read Replies (2) of 9980

Tippet, The KLSE has been responsive to news from many quarters (mostly bad). MBf Holdings has filed for restructuring and protection from its creditors which has punched the market in the gut and continued vascillation in Japan has troubled the regions markets and forex continuously. The recent announcemnet by Anwar that the government will soon have to revise GDP from the paltry but overly optimistic 2-3% it had been revised to last quarter hasn't helped of course. Then of course you have Mahatir's continued tirades against everyone in a transparent attempt to shift blame. <<Perhaps another dramatic sell-off in the works? When do you think we will get the next round of pronounced selling?>> I think its underway. Best, Stitch

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