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


To: Bosco who wrote (7922)1/27/1999 11:06:00 AM
From: Henry Volquardsen  Read Replies (2) | Respond to of 9980
 
from the front page of today's FT

ft.com



To: Bosco who wrote (7922)1/27/1999 3:35:00 PM
From: Ron Bower  Respond to of 9980
 
Bosco,

We've recently seen how fragile the HK/China market is when an 'opinion' in a China Business Daily that 'suggests' a floating yuan might not be a bad thing can cause such a large drop in the HSI.

The yuan has been devaluing against the yen and most other currencies. IMO - Any suggestions that it or the $HK will devalue anytime soon are ridiculous.

JMHO,
Ron