Word: cfc
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...system, the catalyst for Wall Street's plunge. Japan's Nikkei Index fell 4.1% on Sept. 30; after declining in early trading, stocks in China and Hong Kong eked out small gains. "The reaction was not as bad as I had feared," says Dariusz Kowalcyzk, chief investment strategist of CFC Seymour, a boutique investment bank in Hong Kong...
...reaction was not as bad as I had feared," says Dariusz Kowalcyzk, chief investment strategist of CFC Seymour, a boutique investment bank in Hong Kong. In London, David Buik, a partner with BGC Partners, sees it similarly: "After the horrendous response we saw on Wall Street and elsewhere, I think coming in around even in Europe represents a wonderful...
...were, exports to the U.S., Europe and Japan are still a key driving force in Asia's rapid development. Any global slowdown dims the outlook for Asia. "There will be important economic implications of the financial meltdown in the U.S. on Asia," says Dariusz Kowalczyk, chief investment strategist at CFC Seymour in Hong Kong. The continued financial chaos in the U.S., he says, raises fears in Asia that the American economy will experience a more protracted downturn. "There doesn't seem to be any light at the end of the tunnel," Kowalczyk says...
...were, exports to the U.S., Europe and Japan are still a key driving force in Asia's rapid development. Any global slowdown dims the outlook for Asia. "There will be important economic implications of the financial meltdown in the U.S. on Asia," says Dariusz Kowalczyk, chief investment strategist at CFC Seymour in Hong Kong. The continued financial chaos in the U.S., he says, raises fears in Asia that the American economy will experience a more protracted downturn. "There doesn't seem to be any light at the end of tunnel," Kowalczyk says...
...most part, though, companies muddled through. Paul Hsu, a Hong Kong banker, says that while the Internet was running slowly, there was no panic at his office. "Things are pretty chill here," he says. Steve Rowles, an analyst at CFC Seymour stock brokerage in Hong Kong, says his company was unable to use its normal trading system on Wednesday but kept operating by routing buy and sell orders through its main office in Switzerland. But he noted that trading volumes were light because the outage occurred between Christmas and New Year's Day. "If this had happened two weeks from...