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Strategies & Market Trends : HONG KONG
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To: Tom who wrote (2289)9/2/1998 4:29:00 PM
From: WONG  Read Replies (2) of 2951
 
HK Government might sue the HK Clearing house for not enforcing the T+2 regulation for settling trades. This has allowed the speculators to have ample time to buy back shares at a much lower price than facing the "short squeeze".

Joseph Yam is reported to be fuming over the lax attitude of the Clearing house which is undermining the HKMA's activities last week to "punish" the speculators.

Reports are in that the HK Futures exchange will also be investigated because of their close relationship with the foreign brokerage firms that took part in the "attack"" of the HK markets.

This is getting really interesting folks!
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