| Journal Call no. | AP8.W56 |
|---|---|
| Author | Pundit. |
| Article Title | Tin can rally / Pundit. |
| Is Part Of | Window ; v.5, no.24, 28 Jun 1996, p.59. |
| Abstract | The performance of the Hong Kong stock market is still tied to the US long bond yield - much as a tin can is tied to the tail of a cat. The author suggests that the best thing to come out of early July 1996's Federal Reserve meeting would be a 25 basis points increase in interest rates. At around 11,000 on the Hang Seng Index, such an impost is surely already written into share prices. |