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


To: Ramsey Su who wrote (7599)11/25/1998 10:24:00 AM
From: Bill Ounce  Read Replies (1) | Respond to of 9980
 
SCMP - more economic gloom for Hong Kong coming

Can you say "dead cat bounce"?

scmp.com

CHRIS YEUNG
The Financial Secretary yesterday warned
of a worsening economic performance.

Donald Tsang Yam-kuen said third-quarter
negative growth might be worse than the
previous quarter's minus 5.2 per cent.

The warning came despite the stock market
hitting a seven-month high, with the Hang
Seng Index adding 3.2 per cent to
10,851.71 points.

Mr Tsang will announce the latest growth
figure on Friday.

It is believed that it will be between
minus six and minus seven per cent.

[...]

Copyright )1998 South China Morning Post Publishers Ltd. All Rights Reserved