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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (20992)	7/24/1999 10:04:00 AM
From: bearshark	Respond to of 99985

Les: Many were predicting the devaluation of the yuan by the end of 1998--possibly the same reporters.

To: Les H who wrote (20992)	7/24/1999 10:44:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

Here is another tidbit I missed until now South Korea To Break Up Daewoo << Credit banks will start breaking up South Korea's debt-ridden Daewoo conglomerate in August, the government's top financial regulator said today. Daewoo, South Korea's second-largest conglomerate, narrowly escaped becoming South Korea's largest-ever bankruptcy this week when its creditors agreed to delay repayment of $8.3 billion in short-term debt for six months and extend $3.3 billion in new loans. But doubts persisted over Daewoo's commitment -- and ability -- to unload most of its 40 subsidiaries within six months to overcome its severe cash strains. As such concern spread, Korean stock prices plunged today, sending a key indicator down 7.3 percent in the third largest daily drop in the history of the Korean Stock Exchange ... more ... >> biz.yahoo.com Good Luck, Lee