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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: fut_trade who wrote (1714)	2/15/1999 8:41:00 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 3902

insidechina.com Gee, what a surprise. The first round of moving the manufacturing base was actually beneficial to HK. I remember many friends who own factories commenting about how China saved HK by dropping the labor cost, which was escalating to non-competitive levels. Yes, HK then transformed into a financial center. However, who needs them this time? I suspect that much bad news is around the corner. The strong yen gave China no excuse to devaluate the yuan. It also gave S Korea a big boost with their exports. It cannot go on forever. The yen is down today and probably should be down a lot more. Is there Asian Contagion II, the sequel? Ramsey