<Economy Asia> The Tigers see a ray of hope.
Oh hi Kemble:
Well for one thing,we know how well DELL did in the Asia Pacific region during these past year and half when the region was mired in economic turmoil,now imagine how well DELL will do if things were to turn around and it will. Here is an excerpt from the current Business Week.
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Courtsey: Business Week
Amid the rubble of a cataclysmic year, Asia's economies are finally showing signs of life. At the Chow Tai Fook jewelry store in Hong Kong's Central district, where sales have languished for months, customers are back, snapping up gold and diamonds. The main streets of Seoul, nearly deserted in January, hum with traffic. On weekend nights, revelers throng the dance floor of Jamz, Jakarta's hippest disco.
A full-fledged recovery in Asia is still many months away, as output continues to contract and layoffs, bankruptcies, and political tensions rise. But barring any more big shocks to the world financial system, there is clear evidence that the region's harrowing economic free fall is nearing bottom. Asian currencies have stabilized, foreign reserves have swelled, interest rates are down, and foreign hedge funds have stopped attacking. And from Seoul to Jakarta, reforms of deeply flawed financial and political systems are more or less under way.
As a result, foreign and Asian investors alike are slowly starting to feel that it is safe to hold local currencies and put some money in regional bourses, which have risen sharply in the past two months. For the first time since July, 1997, Asia's limping Tigers see a ray of hope...... |
