Currency keeps cool in meltdown as locals hold faith

Article Abstract:

The Currency in Hong Kong has managed to stay put in terms of its trading range to the US dollar despite the blue-chip Hang Seng Index's 33% decline from its levels in August 1997. The Hong Kong dollar's trading range against the US dollar was even boosted above its usual trading levels as overnight interest rates were increased by monetary authorities to as much as 300%. Despite confidence on the strength of the Hong Kong dollar the capital controls implemented by Standard Chartered Bank PLC and Hongkong and Shanghai Banking Corp. send out alarming trouble signals in the market.

Interest Rates, Analysis, Management, Evaluation, Hong Kong, Currency devaluation, Devaluation (Currency)

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Warning to shop selectively: investors in Japan's stock market are cautioned

Article Abstract:

Analysts warn potential investors in the the Japanese stock market to be selective and postpone their buying decisions until the situation normalizes. The Japanese stock market has been undergoing wild fluctuations in the wake of the resignation of Japanese Prime Minister Ryutaro Hashimoto and apprehension of whether his successor would be up to the task of carrying out needed reforms. The Nikkei Stock Average decreased some 300 points in anticipation of Mr. Hashimoto's. However, after the news of his resignation broke, the Nikkei improved some 1.7% to 16360.78.

Japan, Prices and rates, Securities, Investments, Nikkei Dow Jones Industrial Average (Index)

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Finance woes damp Tokyo

Article Abstract:

Trading activities on 10 stock markets in the Asia-Pacific region for the week ending Feb. 7, 1997 showed high trading volumes and higher indexes. The Nikkei Stock Average is expected to drop further in the coming week; the Hang Seng Index is expected to increase but will remain the 14,000 level, while Bangkok's SET Index ended at 747.76 and Jakarta's exchange closed at 694.28. Stock exchanges in Manila, Seoul, Sydney, Taipei all closed at high levels, while Wellington produced weak overall results.

Reports, Statistics, East Asia, Tokyo Stock Exchange, Manila Stock Exchange, Stock Exchange of Hong Kong Ltd., Singapore Exchange Securities Trading Ltd., Sydney Stock Exchange, Jakarta Stock Exchange Inc., Bangkok Stock Exchange, Korea Stock Exchange, Taiwan Stock Exchange, New Zealand Stock Exchange

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