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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (663)	1/7/1998 10:42:00 AM
From: Tommaso	Read Replies (2) \| Respond to of 3902

I think this is a pretty straightforward question, for anyone who may have followed the relation. It's not a stategy for short-term speculation. The Korean market has been going up while the won (until today, I guess) has been going down. Korean stocks bought with US dollars would be affected by both. That is, even if the Korean market rose 4%, if the won declined by 4%, the value of an open-end mutual fund redeemable in dollars would stay about the same. Or if both went up, the value of the fund (say, Matthews Korea) ought to reflect both the stock market rise and the currnecy appreciation. The enormous premiums on the closed end Korea funds make them useless at this point as a way to participate in the Korean market. I guess I was hoping there was someone on the thread who had thought about these things and had followed them, and who would share their conclusions. Meantime, guess I'll just try to get a chart on MAKOX and figure it out for myself.