Word: stocked
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Dates: during 1980-1989
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Such forebodings have caused Hong Kong to react sharply to each twist and turn in the power struggle next door. The Hang Seng index, the main indicator of value of the Hong Kong Stock Exchange, swung wildly throughout the week. After dropping nearly 11% on Monday, the index rose 9.3% the next day on signs that the Chinese crisis might be easing. But the continued unrest in China led to further whipsawing that left the index at 2765.67 when trading ended Friday, down a substantial 12% for the week...
While the stock market gyrated, the turmoil in China disrupted efforts to draft the Basic Law, which will serve as Hong Kong's constitution after 1997. Talks between Chinese and Hong Kong negotiators have been under way since 1985. But two key Hong Kong representatives -- Louis Cha, publisher of the Ming Pao newspaper group, and Anglican Bishop Peter Kwong -- quit the 55- member drafting committee after Beijing declared martial...
Reaction was swift. On Wall Street Cray's stock fell 10% in one day. In Japan some thought they smelled a "political maneuver." Since U.S. agencies like to have at least two bidders on any contract, the exit of ETA opened a window of opportunity for Cray's Japanese rivals. The Cray split, they suspect, may have been designed to close that window. Cray officials do not deny it. Chuckles one: "They got the message in a hurry...
...year. Their best explanation: a combination of high U.S. interest rates, which make the dollar attractive to foreign investors, and the political woes of West Germany and Japan. The Japanese have yet to pick a successor to Prime Minister Noboru Takeshita, who announced his resignation in April over a stock scandal; in West Germany, Chancellor Helmut Kohl's Christian Democrat Union has lost two important local elections this year. Moreover, even though the yield on such securities as ten-year U.S. Treasury bonds has slipped from 9.2% earlier this month to 8.8% last week, it remains higher than the return...
...planet has become an intricate convergence -- of acid rains and rain forests burning, of ideas and Reeboks and stock markets that ripple through time zones, of satellite signals and worldwide television, of advance-purchase airfares, fax machines, the miniaturization of the universe by computer, of T shirts and mutual destinies...