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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (7881)	10/27/1997 6:52:00 PM
From: Joseph G.	Respond to of 94695

Tom, I posted over the weekend - SE Asia ex Japan and ex PRC is over 600 mil people with GDP and total market cap (in the summer -g-) about equal to Germany. Reportedly, 29% of US exports went to this region last year. Tus, it is several times mor important/larger than Mexico. Recall HK and Singapoore are not "developing" markets. Second, just today Mexico, South America dropped ~10% or more. And - nobody's worried about them. Cause they're much smaller, marketwise. Mexico imports a lot of agricultural products, not much high tech. US high-tech Cos. exposure to SEAsia is significant. SE Asia are closely coupled to Japan (1/2 of US economy, still) and PRC. Together, that's a good 2 bil people, almost equal to US GDP, and also politically sensitive region. And, they hold a lot more US bonds than Mexico. So, it's not a negligible event. But, how much that spooks the US markets - it's a different story. Joe