Long, hot summer
Article Abstract:
Asia's stock, equity and currency markets mostly went up in the 2nd qtr of 1993, but may be about to slow down. The Japanese equity and currency markets are probably about to level off. Nippon Telegraph & Telephone remains a highly recommended stock. Hongkong's markets grew better than anticipated during the quarter, with Sun Hung Properties being a promising stock. However, 3rd qtr growth in Hongkong may be less steady. Malaysia's markets may be about to fall sharply after several booming months, while Indonesia's markets may show the best earnings growth in Asia in 1994.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Take a number
Article Abstract:
New stock issues will continue to be made at a rapid rate on Hongkong's stock market in Jun 1993. The headlong pace evident from January to May will intensify, with about 20 new issues being readied for June. However, investors have yet to find sources of liquidity with which to purchase these new issues. The depreciation of China's currency, the renminbi, after the end of restrictions on the semi-official swap market also caused uncertainty. The weakened currency may boost Chinese interest in Hongkong stocks.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Red October: With Hong Kong's equity collapse, the region's financial crisis deepens. Asia now looks a lot riskier than it did even a month ago
Article Abstract:
Asia's economic crisis started with the July devaluation of the Thai baht and deepened with the sell-off in Hong Kong, reinforcing perceptions of Asia as a risky investment. It is now difficult to see how Asia will be able to maintain even marginal growth, with offshore institutions withdrawing from markets, and banks only willing to fund their best customers. China will will be unable to raise capital due to high interest rates, and confidence in its economic stability will be weakened.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Certainty of power: Hongkong's China Light plans for life after Kadoorie. Fellow travellers: Hongkong flotation for freight monopoly
- Abstracts: Taiwan needs to determine role of President and Premier. Jiang Zemin goes fishing: 'moderate' overture is designed to lure Taiwan into a dialogue
- Abstracts: Ripple effect: bust-up at Hongkong's Arral makes waves. Local hero. All under one roof: Indonesia's Dharmala group eyes a Hongkong listing