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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Getcher who wrote (17216)	3/2/1998 3:01:00 AM
From: IQBAL LATIF	Respond to of 50167

I am just looking at China falling second day in a row may be stabilising events in ASEA are encouraging investors to dis-invest from China and re-invest in ASEA-- but I will be very keenly following it-- China plays an anchor role in keeping this ASEANS markets stable on these levels not only the markets but the currencies will largely depend on Chinese currency being maintained at current levels-- although China has reserves of 140billion $ versus loans of 119billion $'s however still it needs the domestic currency deposits equivalent to 1 trillion$'s maintained in reumbi to face no turmoil-- this falling market needs to be watched and carefully investigated as to the underlying causes.