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

To: Zeev Hed who wrote (5621)	8/17/1998 8:55:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 9980

OOPS: Bloomberg must have had a typo or something, the Rupia is back to its normal trading range. Any one knows if that quotes above 15,000 was a fluke or reality? Zeev

To: Zeev Hed who wrote (5621)	8/18/1998 10:44:00 AM
From: Paul Berliner	Read Replies (1) \| Respond to of 9980

Zeev, the wires reported over 150,000 Chinese Indonesians have been fleeing amid fears of violence. Also, there were rumors that rioting would follow Habibie's speech on Monday, but supposedly everything was calm. Still, those people are hungry and are going to take out their anger somehow, sooner rather than later. Over 150 new political parties opposed to Habibie have formed since Suhaerto's resignation. The continued unstable situation in Indonesia, and also deepening economic troubles in Malaysia are what's causing Singapore to suffer recently. I expect the Straits Times to continue a steady tumble down to maybe 600. The thin volume over there makes it easy to cause a selling panic. P.S. This thread keeps mentioning that the Thai devaluation over 1 year ago was the catalyst for the Asian Meltdown. I personally believe the Philippino currency and economic debacle almost 2 years ago was the initial catalyst.