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

To: Frodo Baxter who wrote (2216)	8/30/1998 4:07:00 PM
From: Ron Bower	Respond to of 2951

Lawrence, We also have Taiwan squeezing the hedge funds with new restrictions, Malaysia buying in the market, and others in the area going after them. It may not be a joint effort, but they are making it more difficult for the funds to play their game. I like your idea of making the funds produce. If they would all do that at the same time, it would break them. If nothing else, we have to give the HKMA credit for standing up to them instead of capitulating and it's making others take a stance. While they have been criticized, I think the HKMA has the support of the HK people on this. If the tone of the SCMP and HKStandard are a reflection of the overall opinion. JMHO, Ron