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Technology Stocks : C-Cube
CUBE 36.94-0.8%Dec 1 3:59 PM EST
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To: mitchell finegold who wrote (38518)1/23/1999 7:28:00 AM
From: SC  Read Replies (1) of 50808
 
<<Had heard last night that a major mkt garu was saying China was going to devalue today>>

I just searched South China Morning Post (at this link scmp.com , the major English newspaper in Hong Kong, and found following pieces of news. (I do not have log on access so I can't got the whole articles that are not from today. Try search on devalue and China). However the 3 pieces dated on Jan 22, 19 and Jan 12, all dismissed the devaluation possibility, including from a Chinese government official, Finance Minister Xiang Huaicheng:

2. Headline: Beijing says it will continue to maintain stability of the yuan
Byline :
Publication date (DDMMYY): 220199 Word count : 128
Summary : Beijing has dismissed concerns that troubles in Brazil and with indebted mainland financial institutions will force it to devalue the yuan this year.

3. Headline: Xiang sees no pressure on currency
Byline : WANG XIANGWEI
Publication date (DDMMYY): 190199 Word count : 476
Summary : Finance Minister Xiang Huaicheng has dismissed concerns the yuan would come under renewed pressure to devalue due to the unfolding crisis triggered by the fall in the value of Brazil's currency, the real.

8. Headline: Officials bullish on recovery
Byline :
Publication date (DDMMYY): 120199 Word count : 111
Summary : The government yesterday gave a bullish assessment of its chances of pulling the economy out of crisis, predicting a more stable currency and export-led growth. 'The crisis is improving, China will not devalue its currency and so we will not have another crisis,' deputy government spokesman ...
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