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To: Joseph G. who wrote (10040)	11/2/1998 12:57:00 PM
From: Cynic 2005	Respond to of 86076

<<The most important element to watch is the Hong Kong Monetary Authority's recently announced decision to sell stocks which they have accumulated by buoying the Hang Sang since it tumbled to the low 6000s. With the index now standing at 10,000, the city's government is tempted to unload its portfolio for hefty profits, partly because it is beginning to sense fiscal weakness, which only means the Hang Sang will retest its lows, to say the least. >> They want to sell. Sell to whom?