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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: steve susko who wrote (41755)	5/18/1999 10:34:00 AM
From: J. Stone	Respond to of 90042

>how the market sentiment in Asia? looking like hang seng is topping out.< Hong Kong's been on a run. The Hang Seng has taken a breather as of late, but this is primarily due to a sell-off in Hong Kong and Shanghai Bank (HSBC), which makes up a large percent of the index (40%? I forget, but it's a lot.) HSBC went from about HK$180 to HK$290 in about four weeks, so it was due to give some back... Lots of high-tech action, however; especially in regards to Internet stocks. There are going to be about half a dozen huge Asia/China Internet IPO's coming out soon, and this is attracting additional money into the region/sector. regards, JS