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

To: Ron Bower who wrote (2501)	10/27/1998 3:17:00 PM
From: WONG	Respond to of 2951

No need. The Singapore Futures Exchange have announced that they will repackage their HiMSCI (HK Stock Futures Contract) and re-offer trading to all foreign investors as of Nov. 23rd. Since the HK government has forcefully increased the initial deposit amount of a futures contract to HK$80,000 to fend off speculators, the trading activities have shrunk to new lows. The Singapore contracts should require less than HK$40,000 making it very, very attractive for speculators or investors alike. Singapore is still very eager to redirect a large volume of the trading business from Hong Kong to their shores, and they are moving quick! It is reported that the HK Futures exchange is burning the midnight oil these days to find ways of countering this "threat".