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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.43-0.8%Dec 29 3:59 PM EST
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To: engineer who wrote (20862)1/6/1999 8:14:00 AM
From: Keith Feral  Read Replies (1) of 152472
 
engineer: The Japanese are boosting their currency by making interest rates more attractive. Japan just had a major rate increase last week to 2.9%, an increase of 0.7%. Suffice to say, a higher level of interest rates makes the domestic currency more attractive on a forex model vs. other currencies.

I saw figures last week that the Korean market was up over 100% since the October lows.
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