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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Jess Beltz who wrote (5818)	10/23/1997 6:32:00 AM
From: Kalyanaraman	Read Replies (1) \| Respond to of 25960

It is due to the currency problem here in ASIA, even here in Singapore Straits Times index gave up 5%. I think US market is very strong and very bulllish. Get up tommorrow morning with a great mood. Go CYMER Go kalyan

To: Jess Beltz who wrote (5818)	10/23/1997 8:58:00 AM
From: Defrocked	Read Replies (3) \| Respond to of 25960

Jess, please keep us posted on developments there. It will have an impact here but hopefully not as dramatic. As I write, the SP500 futures is down limit suggesting a drop in excess of 120 pts. for the DJIA on the opening. OTHO, bonds are getting bid up and short term rates have declined about 10 bps. Thus we are getting an "easing" of interest rates without the Fed's help. One worry roiling the markets is the safety of the Hong Kong banking sector and its impact on Japanese banks since 40% of Hong Kong borrowings are owed to Japan. Banking system "scares" put the fear of God in investors more so because they fear what they don't understand. One question I have regarding market developments is the response of Hong Kong's new overseers. Hopefully, there won't be too much interference from the Mainland. Any thoughts on this?