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

To: Tom who wrote (2289)	9/2/1998 4:29:00 PM
From: Chung Lee	Read Replies (1) \| Respond to of 2951

All, news from Thailand on effect of Malaysian peg action. Southern businessmen voice fears over border trade THAI leaders and southern businessmen on Wednesday voiced concern over border trade with Malaysia as the black market for currency exchange seemed to sprout up overnight following Malaysia's announcement to impose foreign exchange controls. nationmultimedia.com

To: Tom who wrote (2289)	9/2/1998 4:29:00 PM
From: WONG	Read Replies (2) \| Respond to of 2951

HK Government might sue the HK Clearing house for not enforcing the T+2 regulation for settling trades. This has allowed the speculators to have ample time to buy back shares at a much lower price than facing the "short squeeze". Joseph Yam is reported to be fuming over the lax attitude of the Clearing house which is undermining the HKMA's activities last week to "punish" the speculators. Reports are in that the HK Futures exchange will also be investigated because of their close relationship with the foreign brokerage firms that took part in the "attack"" of the HK markets. This is getting really interesting folks!