Word: seng
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Nowhere did the chaos of Black Monday strike harder than in the tiny Asian entrepot. When the Hang Seng index dived 11% within hours on that day, the Hong Kong Stock Exchange simply vaporized, and Exchange Chairman Ronald Li closed it down for four days. When trading reopened last Monday, the value of shares plummeted an additional 33%, to about $50 billion, wiping out a year's gains. "This is not a stock market," said a furious Hong Kong local moneyman. "This is a poorly run casino...
Traders in red waistcoats on the Hong Kong Stock Exchange floor trade in a rush as the Hang Seng index of 30 stocks opens at 3783. In 40 minutes, it drops 133 points. The index ends the day down 421, the worst point loss ever. Officials close the exchange for four days...
...Washington bureau, the excitement over the developing story was palpable. Staffers Brian Doyle and Neang Seng battled through a thicket of reporters and TV cameramen to stuff a pile of commission reports into knapsacks as soon as the copies were released at the White House Press Office on Thursday morning. Meanwhile, Correspondents Barrett Seaman and David Beckwith prepared to analyze the 288-page report as the Tower commission press conference unfolded. National Political Correspondent Laurence Barrett tracked Nancy Reagan's conflict with Donald Regan. Correspondents Hays Gorey and Michael Duffy scoured Congress for reactions. Pentagon Correspondent Bruce van Voorst investigated...
...uncertainty over Hong Kong's future mounted, untold billions of dollars left the colony; foreign consulates have been flooded with visa applications from jittery locals, businessmen in particular. The value of the Hong Kong dollar fell 40% last year, as did the price of choice properties. The Hang Seng stock market index, perhaps the most vivid thermometer of economic faith, has dipped by more than 30% in the past two years. With confidence somewhat buoyed by Howe's reassurances, it climbed 66.95 points, to 893.69 in a single day last week, its most bullish performance since the talks...
...Seng's plans to publish the poem, however, were derailed in April, after a Cornell professor wrote him a letter informing him that he had already handled and was aware of the poem...