Hong Kong Stocks Plunge After Beijing Turmoil
Hong Kong's Hang Seng index drops 22 percent in a single day as political and economic tensions spike. Foreign funds and major HK companies feel the impact, with investors adopting a long term view amid volatility.
MENTIONED IN THIS ARTICLE
Hong Kong
Tiananmen Square
Beijing
International Mutual Funds
Jardine Matheson & Co. Ltd
Cathay Pacific Airways Ltd
Long Kong
Sai Christian Wignall
G.T. Global
San Francisco
Asia Pacific Fund
Templeton Emerging Markets
Kate Sebapiro
Tyndall Newport Management
United Kingdom
China
Thei
Hong Seng
K.C. Poon
Sun Hung Kai Securities
New York City
Peter Johnson
Fed policy helps boost Wall Street
Wall Street rose for a second straight session with heavy trading fueled by two takeover bids in communications. The Dow advanced 16.06 to 2,512.32 as 983 issues rose versus 598 fell. volume reached 213.71 million on the NYSE. Analysts cited possible Fed credit policy relaxation and a looming Labor Department producer price index report to support the gains.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Labor Department
Area stock movement Wednesday June 7 1589
Stocks and market figures report Dow Jones index at 2512.31 with a 15.99 rise NYSE volume reached 213,710,000 shares New York gold priced at 375.49 per ounce indicating active trading and bullion value in the session.
MENTIONED IN THIS ARTICLE
NYSE
Standard & Poor
S&p
American Stock Exchange
New York
Boskin says no recession ahead amid slow growth
White House economist Michael Boskin argues there is no reason the current slowdown will trigger a recession this year. He says inflation has peaked and prices will stabilize in late 1989 while growth modestly rises to about 2.5 to 3 percent.
MENTIONED IN THIS ARTICLE
Washington
White House
Michael Boskin
Boskin
Bush
National Press Club
Council Formed Economists See Soft Landing Ahead
Economists forecast inflation above 6 percent in early 1989, though Boskin pegs the underlying rate near 4.5 percent, same as 1987 1988 when energy costs are excluded. Oil surged to over 20 then eased, while private analysts brace for 5 6 percent gains. Conference Board projects 5 7 percent inflation and no recession, with potential Fed rate hikes. Vince Massaro cautions there may be no landing in 1989.
MENTIONED IN THIS ARTICLE
Boskin
Conference Board
Beltone opens new office in Mount Airy Maryland
Beltone names William M. Lynam as distributor for Frederick and Washington counties and opens Mount Airy office offering hearing evaluations sales and service. Lynam runs Mount Airy while daughter Stephanie and Lisa Hamilton manage Frederick and Hagerstown offices. Local Realtors attend regional open forums with Maryland Real Estate Commission June 21 at Sheraton Inn Frederick.
MENTIONED IN THIS ARTICLE
Ed Waters Jr
Stephanie Lynam
Mount Airy
Beltone Hearing Aids
Lakeview
William M. Lynam
Beltone
Frederick
Washington
MD. 27
Mr. Lynam
Thomas Johnson Drive
Mill St
Hagerstown
Lisa Hamilton
Maryland Association of Realtors
Frederick County Board of Realtors
Maryland Real Estate Commission
Sheraton Inn-Frederick
Ralph E. Brown
Adrinee von Grey
Ntional Association
Real Estate Commission Liason Committee
Also Mentioned on This Page
By Thom Calandra
Fxommer
Fed
Wall Street
Federal Reserve
Wilshire Associates
Avemco
Bell
SX Corp
Clorox
ComBat
Exxon Fairchild
Unwigd
Fcnb Corp
F&m Bancorp
GenMotors
Giant Foods
IBM
Kmart
Litton
Lowes
Loyola Corp
Ung Pin Sie
Unwigd Mercantile Bokshi
Moore Corp
Neoterik
Penney
Unwigd Potom el
Sears A
Sovran Fia
Standex
Wash Gs
Council Formed
Everedy Square
Shab Row
Test
Jeff Himes
Little Shop of Books
Sandra Fout
Self Expressions
Jerry Kray
Flights of Fancy
Saab
Maryland
Annapolis International Motors of
Annapolis
Bethesda
Euro Motorcars International, Inc
Elm Street
Frederick Evergreen Motors, Inc
Urbana Pike
Evergreen Point
Autohaus Tischer
Marlow Heights
Alexandria Stohsman Saab
South Pickett Street
Falls Church Interoatoral Motors, Ltd
Annandale Road
Beltone Hearing
Wita
Beltone Electronic Corp
Chicago
Lynam
Realty Forum
Maiz Ag
IBM Quickwriter
ECP
Pree
Microsoft
Excel
Meri Wereery
Asinanres
Grater
Eres Ont
Aa Roy
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