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To: John Hunt who wrote (16276)	8/27/1998 7:15:00 PM
From: John Hunt	Read Replies (1) of 18056

$18b spent on peg defence scmp.com << Officials spent at least $18 billion on the ninth day of unprecedented market intervention yesterday as the battle against speculators intensified, brokers said. The Monetary Authority bought swathes of leading corporate shares, driving the Hang Seng Index up 1.13 per cent to 7,922.97 points to raise the stakes with those betting against the dollar peg and share market. >>

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