Hong Kong on 25th December

Patrick Bond pbond at wn.apc.org
Fri Dec 25 03:46:22 PST 1998

Relatedly, I see the IMF could offer no serious condemnation of Mahathir in this week's report, other than speculation that over the longer term Malaysia wouldn't get DFI given how cheeky they were with capital controls...

> From: Chris Burford <cburford at gn.apc.org>
> >Had you bought Hong Kong's Hang Seng index Aug. 13, when it closed at
> 6,660 points, you would be one happy camper today. The Hang Seng is up some
> 55% since Aug. 13, the first day the SAR used its reserves to buy blue
> chips. (The government says currency speculators were
> attacking the Hong Kong dollar, which was pegged to the greenback, to bring
> down the stock market, in which the speculators had bought short positions.)

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