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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Darth Trader who wrote (34238)	1/27/1998 10:29:00 AM
From: ViperChick Secret Agent 006.9	Respond to of 58727

ATTENTION here is some interesting info from Money Daily by Ryan J. Donmoyer Not to be outdone by the White House sex scandal, Asia's financial crisis stalked back into the news overnight. Even as Japan struggles to assure depositors that its banks are sound, Finance Minister Hiroshi Mitsuzuka will resign because two of his senior inspectors have been arrested and charged with accepting bribes from banks they were supposed to be regulating. According to reports, the inspectors were lavished with gifts and entertainment in exchange for tipping the banks off on "surprise" raids by government officials. The Nikkei 225 slipped 91.71 points, or about 0.5%, to 16981.62. Meanwhile, in Indonesia, the government came up with a new idea for digging itself out of its financial hole: A moratorium on private debt service. But the country's currency -- the rupiah -- and its stock market were up slightly on government plans to overhaul the commercial bank industry and guarantee deposits at the consolidated banks. The Jakarta Composite inched up 2.625 points to 976.311. The reverberations of these developments were kept in check because stock exchanges in many countries, including Taiwan, China and Malaysia, were closed due to the Chinese New Year and Eid el-Fitr holidays. In Hong Kong, the Hang Seng was enjoying its traditional year-end rally, climbing 278.5 points to 9252.36 despite the troubling news in Tokyo.