Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Stitch who wrote (1887)	2/3/1998 10:26:00 PM
From: Gary Strike	Read Replies (1) \| Respond to of 9980

My apolagies for the Korean proverb...just my way of agreeing with you that most of us don't know when to sell. The following is a reprint from a website you gave us earlier. I also beleive we're in for a pull-back. Attractive other Asian markets will compete with Korea. However, KOSPI up 8 to 558, 1.5%, as I type. (Foreigners...uh...that would be me): [B] Korea Stocks Review: Market up 1.2% to 550.2 on foreign buying Tue Feb 3 03:18:54 1998 By Jonathan Kim and Marie-France Han, Bridge News Seoul--Feb 3--The South Korean stock market ended 1.2% higher today as buying from foreign investors outpaced domestic institutional and retail selling, traders said. The Korea Stock Price Index gained 6.53 points to close at 550.21, and volume hit 105 million shares traded compared to 98 million shares on Monday. "Foreigners led the market once again," a trader at Samsung Securities said. "Foreigners bought somewhere between 100 billion and 150 billion won (worth of stocks)," he said. Today's overall gain was seen as triggered by rises in steel producer POSCO and utility provider KEPCO, a broker at Hyundai Securities also said. Fitch-IBCA's upgrade of South Korea's long-term foreign currency rating, which happened overnight, didn't have much of an impact, as it had already been priced in, traders said. Looking forward, foreigners are expected to continue setting the market tone. A moderate correction is seen, although "the real question is how soon it will happen," the Hyundai broker said. Meanwhile, brokers said plummeting stock markets in Southeast Asia will likely encourage foreigners to hunt for bargains there, possibly reducing the inflow of funds into South Korea.

To: Stitch who wrote (1887)	2/4/1998 3:14:00 AM
From: Stitch	Read Replies (2) \| Respond to of 9980

To All: Headlines today in the "New Straits Times" are: World Bank: Malaysia is Different It goes on: "Emerging from a series of meetings with top Malaysian leaders,World Bank President James D. Wolfensohn said he would help clear the misconception that Malaysia's economy is similar to the other troubled countries in the region. He said he was even more convinced now of Malaysia's strong economic fundamentals, adding that these were the factors that would show the difference between Malaysia and countries like South Korea, Thailand, and Indonesia." Best, Stitch