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

To: Racman who wrote (2158)	8/25/1998 12:37:00 PM
From: Tom	Read Replies (2) \| Respond to of 2951

Racman: Perhaps. But, legitimately, they would make purchases to control an industry or sector they consider to be "in the national interest." In that sense, I think they got much of what they wanted last year. Still, w/ the CCP.... Who knows? Last night it was the HKMA's buying in the second-tier of HSI companies that pushed-up the index. The spec's don't have the holdings in the second-tier, and some "low profile" buyers were absorbing some of the selling in the first tier. The individual properties (Cheung Kong, Henderson Land, Sun Hung Kai...) were maintained w/ buying orders from their respective majority holders.