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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Worswick who wrote (6230)	9/7/1998 1:10:00 PM
From: Defrocked	Read Replies (2) \| Respond to of 9980

Consider also the following observations on emerging Interventionism/Protectionism/Isolationalism ( The 1930's revisited? ) (1) Japan continues to employ public funds to support Nikkei at 14,000 before six month accounting period for banks ending Sept.30. "Public funds were also widely rumored to have stepped in to buy futures when the Nikkei average dropped below 14,000 in early morning trade." satellite.nikkei.co.jp (2) HKMA doesn't know when to stop scmp.com BTW, check out spread between free market(London trading) of HKSB versus "fixed" market in Hong Kong (about 9%). Maybe they'll be next index dropped from EAFA<ng> HKMA has now intervened to the tune of $15 billion--the equivalent of 6 years of welfare spending. (3) Does anyone think 25% up in Malaysia in one day is real and deserved??? (4) Burma arrested 40 currency traders last week blaming them for drop in value of kyat. Official rate is at 6 kyat to dollar. Black market rate is 380 kyat to dollar. Obviously, this band of outlaws is entirely at fault for such market distortions<vbg>. I'm sure the average man-on-the-street would rather go to the govt. window for the official-"correct"-rate.<g> (5) Paulline Hanson and the One Nation party making surprising headway in Australia. She wants to ban immigration downunder. (6) Extreme right National Front party now encompasses 15% of French voters. The NF wants to repatriate 3mm immigrants from France and pull the plug on Maastricht treaty. (7) Additional IMF funding from US in potential trouble without Presidential "leadership". Just my 2 cents.