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To: John Hunt who wrote (16325)9/2/1998 9:26:00 AM
From: Link Lady  Read Replies (1) | Respond to of 18056
 
7,356.00 294.00 +4.16% Hong Kong
Hong Kong markets
cheer Wall Street's
rebound in early trading
cnnfn.com:80/markets/wires/9809/01/hongkong_open_wg/
The stock exchange said on
Wednesday short selling on shares of
HSBC Holdings Plc, Hong Kong
Telecommunications Ltd and China
Telecom (Hong Kong) Ltd was
temporarily suspended from
Wednesday until further notice and the
settlement backlog of these shares was
cleared.
Brokers said the government
probably did not want speculators to
benefit from short selling the three
stocks, which might be squeezed higher
on Wednesday and Thursday by
short-covering.



To: John Hunt who wrote (16325)9/2/1998 7:07:00 PM
From: John Hunt  Read Replies (1) | Respond to of 18056
 
No yuan certainty, says Jiang

scmp.com

President Jiang Zemin has said he cannot "100 per cent" rule out a devaluation of the yuan, the Tokyo Shimbun said yesterday.

"China has paid a great price and carried a lot of risk in deciding to keep the yuan stable," Mr Jiang told former Japanese prime minister Toshiki Kaifu and the chairman of Tokyo Shimbun. "Until now there has been no change in policy," he said, before noting "this situation cannot last forever".

"Nothing in this world is 100 per cent certain." >>