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

To: Ron Bower who wrote (2192)8/28/1998 9:21:00 AM
From: Bosco  Respond to of 2951
 
Dear Ron - thx for the links. It is interesting. It is interesting b/c both HKMA and the Quantum Fd mgr are engaging in a war of words as well as $.

Personally, I don't think HK can afford a de-peg now that she has seen what has become of Russia. Indeed, HKMA may be riding on tiger's back, but the alternative is bleaker <jmho>.

Thanks again

best, Bosco



To: Ron Bower who wrote (2192)8/28/1998 11:54:00 AM
From: Tom  Read Replies (1) | Respond to of 2951
 
D. Tsang has announced trading restrictions on HK stocks and futures.

There was market rumor last night that Chinese funds have quietly arrived, but apparently the Chinese Government has kept a very low profile during the intervention.

My figure of US$18 billion turns-out to be a little more than what's been used thus far by the SAR for market intervention.


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