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To: NickSE who wrote (42550)	5/16/1998 11:28:00 AM
From: Mohan Marette	Respond to of 176388

OT***OT: I believe the market might have already discounted the bad news from S.E Asia,they are a goner for the next couple of 3 years at least.Judging from the reaction of the US markets in the wake of Indonesian fiasco one can assume the bad news is already in the market or at least so it seems. As for Japan,they have been down in the pits for quite some time now and they don't seem to want to do anything to stimulate their economy, at least not anything substantial.What you say is true though about Japan loosing their trading partners in SEA. I have no clue what is going to happen to these markets. Perhaps for the time being we just have to rely on our own economy and Europe,cos from the looks of it SE Asia and Japan aren't going to be of much help for a while.