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To: RealMuLan who wrote (3508)	10/23/1997 5:33:00 PM
From: RealMuLan	Read Replies (1) \| Respond to of 120523

Joe: More news about Hong Kong Stock market from Yahoo: CHINA - Mark Mobius of Templeton Investment Management told CNBC on Thursday that he was taken by how much Hong Kong stocks had fallen overnight. ''The degree of selling and the size of the drop surprised us,'' he said. The blue-chip Hang Seng Index tumbled 1,211.47 points or 10.41 percent lower to close at 10,426.30. ''We thought that it would decline but not that suddenly,'' he said. Mobius said he expected the Hong Kong market to drop even more. ''I doubt that they will float the currency because there are a lot of political implications,'' he told the U.S. television Business News Network. Although the Chinese government said it would not change the Hong Kong dollar's peg to the U.S. dollar, local brokers said another dip in the market could occur if the currency issue was not resolved quickly. Investor confidence in the local currency has been steadily weakening amid a currency crisis in neighboring countries. Beijing Yanhua (0325.HK) (BYH) was down 1-13/16 at 10-15/16, China Eastern Airlines (CEA) was 2-1/16 lower at 19-3/4 and Ek Chor China Motorcycle Co Ltd (EKC) lost 3/16 at 4-1/8.