To: Barry Grossman who wrote (151681 ) 1/20/2000 7:36:00 PM From: Dorine Essey Read Replies (1) | Respond to of 176387
Hi Barry, Found this on the AMGN thread. Just for some info.. AMGN is also trading on the Hong Kong exchange: Nasdaq East Much has been made of Softbank chief Masayoshi Son's plans to develop a Nasdaq Japan next year for listing promising local start-ups and cross-trading Japanese and U.S. shares. But those in Asia yearning to trade some of the Nasdaq stock Market's most famous names locally will likely get their first crack not in Japan, but in Hong Kong. Intel Corp. (INTC: news, msgs),whose shares have traded solely on the Nasdaq since 1971, will list on the Stock Exchange of Hong Kong early next year as part of a seven-share pilot program agreed by the SEHK and the National Association of Securities Dealers. Other selected tech stocks are: Microsoft Corp. (MSFT: news, msgs); Cisco Systems Inc. (CSCO:news, msgs); Dell Computer Corp.(DELL: news, msgs); Applied Materials Inc. (AMAT: news, msgs); Amgen Inc. (AMGN: news, msgs), and Starbucks Corp. (SBUX: news, msgs). The U.S. companies, exempt from SEHK's listing rules but covered by Nasdaq's, will trade in Hong Kong as early as next February, with share transactions priced in Hong Kong dollars. ($1 = HK$7.77) As the Nasdaq flies to new highs, its parent NASD is spreading its wings around the globe to embrace exchanges in tie-ups around the globe. The move in Hong Kong will be followed by the listing of some locally traded companies on the Nasdaq in the U.S., then the expansion of both lists to broaden liquidity for investors even further. NASD chairman Frank G. Zarb said that eventually, all stocks in the Nasdaq 100 could trade in Hong Kong. -- Hungry Credit: RB board