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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (1276)	2/1/1998 10:01:00 PM
From: ----------	Read Replies (1) \| Respond to of 2951

When we last left the Far East, there was a monetary crisis, rampant emotions, panic. A week off, & the World Bank, the IMF, and a delegation from the U.S. Treasury department has made the rounds. Korea has basically "refinanced" their country, Indonesia has adopted banking reforms, and with no markets to panic over, people have figured out both the HK dollar and Chinese Yuan are pretty darn solid currencies. (Of course, the HK market could change in a heartbeat, it is known for that..... but as the year progresses, IMO, you will see fair values return.) Doug