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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Haegin who wrote (964)	1/16/1998 7:06:00 AM
From: Jack Clarke	Read Replies (3) \| Respond to of 9980

Thomas, all: I'll admit Idon't know much about Asia, but it seems strange to me that Indonesia, for example, seems to be in a crisis >>JAKARTA, Jan 16 (Reuters) - ''We need rice, we need food,'' said a Jakarta taxi driver echoing a refrain heard across this vast country. Indonesia's worst financial crisis in decades has sparked price increases for basic goods across the archipelago of 200 million people and angry people have attacked shops this week in a number of towns in East Java. and yet their stock market is up nearly 7%. Does this seem reasonable or make any sense? I'm still baffled that our own market continues to expand in the face of the worst fundamental valuations in history, so I guess I shouldn't be surprised at anything. But seriously, I'd like someone to tell me if this seeming Indonesian contradiction has any logical explanation. Thanks. Jack