Word: kong
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Dates: during 2000-2009
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...Thursday brought dreaded confirmation that markets look set to remain in tank mode until they find reason for taking heart anew. In addition to the 11.4% slump of Nikkei - its biggest single-day drop since the October, 1987 crash - trading Thursday elsewhere in Asia pushed Hong Kong's Hang Seng down 4.8%, South Korea's down 9.44%, and Singapore Straights Times Index down 5.5%. Europe faired no better, with London's FTSE 100 and Paris' CAC 40 indices reflecting mid-morning declines of nearing 2.5%, and Frankfurt's Dax off 1.3%. Market commentators warned that trading could see-saw throughout...
...bail out its finance and banking system will prove effective. For those reasons, some see flightiness reigning in stock markets for the foreseeable future. "I expect volatility to continue for some time as long as confidence hasn't been restored," says Matthew Kwok, head of research at Hong Kong's Tanrich Securities. "Sentiments are quite pessimistic...
...With reporting by Peter Ritter / Hong Kong...
...these bountiful customs, Bali teems with taboos that can trip up even veteran expatriates. By contrast, Phuket's real estate market is simpler to negotiate with several top international property agencies open for business. Buying a condominium is so straightforward that an increasing number of people - particularly from Hong Kong, Singapore and the Middle East - are purchasing for investment purposes. Yet all that ease, along with better roads and telecommunications, comes at prices that are roughly 40% higher than those in Bali. And for potential buyers who are concerned about cultural authenticity, Phuket underwhelms. Much of the island's vacation...
...1970s, though, Bali and Phuket were inundated by foreigners searching for unspoiled hideaways. Tourism soon dominated other industries, with hotels and nightclubs lining once empty beaches. By the 1990s, as overworked Hong Kong investment bankers and Europeans priced out of the Mediterranean real estate market began looking for getaway-home alternatives, the residential property markets in Bali and Phuket began to sizzle. On the Indonesian island, vacation homes mostly take the form of individually constructed villas or those built by smaller developers. The houses, usually designed in a Bali modern style that is now an architectural touchstone for tropical hotels...