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Strategies & Market Trends : HONG KONG
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To: Tom who wrote (2300)9/9/1998 8:52:00 AM
From: WONG  Read Replies (2) of 2951
 
Mark Mobius speaks:

"... Mobius said Russia is about two to three years away from economic recovery, while Asia is facing two years or less.

Since the government's intervention in the Hong Kong stock market last month, which forced investors to cover short positions and pushed prices up, the Templeton fund has resisted buying there as well, Mobius added.

"Right now, we are waiting for the government to finish their buying and then we'll see what happens," he said. "The government intervention was not a good move. We don't know how this game is going to be played out."

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