Hong Kong on 25th December

[Patrick Bond]

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.)