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To: Dennis who wrote (83984)	12/6/1998 9:22:00 PM
From: Frank Ellis Morris	Read Replies (1) \| Respond to of 176387

Dennis and All >>Sunday December 6, 8:42 pm Eastern Time HK stocks set for rally on HK/China rate cuts HONG KONG, Dec 7 (Reuters) - Interest rate cuts in both Hong Kong and mainland China should fuel a strong rally in Hong Kong stocks on Monday, with the Hang Seng Index expected to push towards 10,400 points, brokers said. Hong Kong banks surprised some analysts on Friday when they cut prime lending rates by 25 basis points to 9.25 percent, effective today. China also said on Sunday it was cutting lending and deposit rates to ease pressure on its economy.<< Just passing through, did not know if anyone caught this on the wires. S+P futures are up a couple on the Dow and up 3 points on the Nasdaq Later Frank