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To: Ditchdigger who wrote (36072)1/12/1998 9:38:00 AM
From: Ellen  Respond to of 55532
 
Thanks!



To: Ditchdigger who wrote (36072)1/12/1998 9:39:00 AM
From: tonto  Read Replies (3) | Respond to of 55532
 
If the following occurs, could this possibly affect water sales?

LONDON, Jan 11 (Reuters) - Regent Pacific Group Ltd's chairman Jim Mellon said Hong Kong's Hang Seng index could halve from current levels before it recovers, the Sunday Times newspaper said on Sunday.

"I hate picking movements in indices but I would predict the Hang Seng could fall to 4,000 or 5,000 before it bottoms," the paper quoted Mellon from the Hong Kong-based global emerging markets investment house as having said.

According to the Sunday Times, Mellon also said: "I don't think anything can stop a freefall in Hong Kong. There will be one more downward spiral involving the collapse of the Hong Kong market and the Hong Kong dollar."