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Biotech / Medical : XOMA. Bull or Bear? -- Ignore unavailable to you. Want to Upgrade?

To: Tharos who wrote (4883)11/24/1997 9:34:00 PM
From: Andrew H  Read Replies (1) | Respond to of 17367
 
I don't know, Tharos. Japan down 4.25%, Malaysia down over 5 and Korea down about 4. Doesn't sound great to me. HK is only down a couple though. I don't even know what the Topix is. Please keep me informed of your opinions on Asia. Don't worry. I won't trade on them. (:>)Thanks. Andy



To: Tharos who wrote (4883)11/24/1997 9:36:00 PM
From: Tharos  Read Replies (1) | Respond to of 17367
 
Small banks, securities firms and real estate development companies getting hammered, as I suspected. So is Mitsubishi Heavy Industries.

Autos & light mfring doing well, sure it is Y/$ exchange rate based. As the yen gets cheeper Japanese products will become more competitive in the rest of Asia. Watch 127ish/$1 rate as this is a key support area. Indices holding, think the day will end not as bad as American markets seemed to anticipate.


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