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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?


To: Brad Bolen who wrote (2134)8/21/1998 2:26:00 PM
From: Defrocked  Read Replies (1) | Respond to of 2951
 
What stability are you talking about Brad?

Hang Seng spot is 7527. The Aug. futures (where all
the intervention is) closed at 7390 for a discount
to cash of 137 pts. or 1.8%. The same discount shows
up in the Sep.contract. And that was before the current
DJIA selloff or the additional 2 yen decline to 145.

Could get interesting on Monday. Friday wasn't so hot
for the interveners either:
Malaysia -7.7%
Hong Kong -2.8%