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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (16276)	8/27/1998 7:15:00 PM
From: John Hunt	Read Replies (1) \| Respond to of 18056

$18b spent on peg defence scmp.com << Officials spent at least $18 billion on the ninth day of unprecedented market intervention yesterday as the battle against speculators intensified, brokers said. The Monetary Authority bought swathes of leading corporate shares, driving the Hang Seng Index up 1.13 per cent to 7,922.97 points to raise the stakes with those betting against the dollar peg and share market. >>

To: John Hunt who wrote (16276)	8/27/1998 7:23:00 PM
From: John Hunt	Respond to of 18056

Soros fund joins bets against HK$ scmp.com << Sources close to the Quantum Fund, the world's best known hedge fund run by United States financier George Soros, yesterday confirmed it had made sizeable bets against the Hong Kong dollar. Traders said several other hedge funds - including Julian Robertson's Tiger Fund and Louis Bacon's Moore Capital - had also been active in Hong Kong in recent weeks. >>