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

To: mozek who wrote (10725)	12/2/1997 6:46:00 AM
From: Ibexx	Respond to of 94695

Mike, The following is from Bloomberg Business News, Dec. 2. "Hong Kong Stocks Rise as Rates Fall; Banks, Telecom Surge Hong Kong stocks rose for a second day as banks' borrowing costs hovered near a six-week low, allaying concern banks and real estate companies will see a squeeze in earnings. Today,the territory's benchmark three-month Hong Kong Interbank Offer Rate -- the rate banks charge each other --remained unchanged at nine percent, a big drop from the 25 percent seen on Oct. 23. The benchmark Hang Seng Index rose as much as 475.17, or 4.4 percent, to 11,226.05, extending yesterday's 2.1-percent gain. That was also the index's best one-day jump in more than a week. Ibexx