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To: jbershad who wrote (13314)	12/14/1997 11:36:00 PM
From: steve stark	Respond to of 70976

South Korea is actually up 7% (25 pts.) but hopefully this is still good news for battered AMAT. stark

To: jbershad who wrote (13314)	12/15/1997 12:51:00 AM
From: Math Junkie	Respond to of 70976

<<Korea market up 25%. Why?>> There was an agreement reached over the weekend that says foreigners can own asian business assets of some types. I don't remember the exact list of what they can own. The only holdout was Maylasia, I think it was, which wanted to limit foreigners to 51% ownership, but the negotiators are trying to get them more in line with the others on that. On Friday, CNBC had an American investment expert on the phone from Asia, who said that there could be no recovery until foreigners were allowed to own businesses there, because local people didn't have enough money to buy distressed assets. So maybe this agreement is why the upturn.