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Technology Stocks : Dell Technologies Inc.

DELL 133.35

+0.1%

Nov 28 9:30 AM EST

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To: Winston Chen who wrote (62229)	8/30/1998 8:35:00 PM
From: lin luo	Read Replies (1) of 176387

...Hong Kong has $97 billion in USD reserve. China has US$140 in reserve and $3 billion net income on monthly basis from trade surplus. Morgan Stanley was on the record saying history was full of examples of nations that tried and failed to defined their currencies. England, Thailand and Malaysia were used in examples. China announced its support for HK peg defence. .... I am not sure the exact their foreign reserve, but they should have enough to defend the market in the futures market which only requires 10% of the underlying values. They could hold the positions till the contracts expire which will force the gamblers to take positions. I am not sure if the first-notice-day is the same as the last-trading-day, anyway, they will force these people out if they don't cover (usually the near month contracts).

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