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To: Road Walker who wrote (37453)10/24/1997 10:09:00 AM
From: Gary Ng  Respond to of 186894
 
John, Re: Any opinions from HK on if the currency/stock problems could spread to Japan

Not likely looking from here. This is purely localized problem and
may be other South East Asia countries. I am a bit surprised to
see it affecting Europe and NYSE yesterday.

For HK, it is all caused by fear of interest rate hike which is
confirmed today for 3/4 (yesterday the over night rate once
jump to 300%).

Gary