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: Mark Myword who wrote (4268)	6/8/1998 10:28:00 PM
From: MikeM54321	Read Replies (2) \| Respond to of 9980

Here's another extremely interesting situation developing. So far, Taiwan was fairly immune to the problems with the other Tigers. Recently they seem to be stumbling. The Taiwan ministers of finance sure wouldn't attempt to keep the currency traders out for nothing. I wonder what's going on? I just picked this off the Street.com site and haven't even verified it anywhere else, so it may not be accurate. For those that don't know, restricting trading in the forward market is the same thing as saying, "I'm not letting you short my currency." As most know, Taiwan is a big manufacturer of semiconductors. >>Taiwan has added to its own problems by restricting transactions in the offshore forward market (so-called nondeliverable forwards), resulting in a plunge in the stock market. And the currency is pretty shaky as well. Let this be a lesson to all present and future ministers of finance: If you want investors to own your equities, then don't obstruct their ability to hedge your currency. The vacancy light is always on at the roach motel -- if you can't check out, don't check in.<< MikeM(From Florida)