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To: Peter V who wrote (42400)6/24/1999 1:08:00 PM
From: Don Dorsey  Respond to of 50808
 
A wealth effect in China from rising stock prices will help VCD/DVD sales.

Stock-Market Fever Hits China

SHANGHAI, China, Jun 24, 1999 (AP Online via COMTEX) -- Sitting in rows
of plastic seats facing a flashing wall of numbers, the crowd at Great
Wall Securities is watching the most exciting show in town: soaring
stock prices.

''I started buying stocks last year. I don't have many, but they're up
about 20 percent,'' said Sun Xialong, a 37-year-old businessman.
Without taking his eyes off the flickering prices, he said, ''I'm
staying in the market. I think it will go higher.''

China is in the grip of stock market fever. After two years in the
doldrums, its two exchanges have risen more than 50 percent in the past
month. Shares change hands in record numbers as millions of new
investors pile into the market.