1
MONDAY, OCTOBER 26, 1987
GOVERNOR MEETS FOREIGN SECRETARY
THE GOVERNOR, SIR DAVID WILSON, HAD A MEETING WITH THE SECRETARY OF STATE FOR FOREIGN AND COMMONWEALTH AFFAIRS, SIR GEOFFREY HOWE, AT THE FOREIGN AND COMMONWEALTH OFFICE ON MONDAY (LONDON TIME). AMONG THE SUBJECTS DISCUSSED WERE THE STATE OF THE HONG KONG STOCK MARKET, THE 1987 REVIEW OF DEVELOPMENTS IN REPRESENTATIVE GOVERNMENT, THE VIETNAMESE REFUGEE PROBLEM AND THE PROGRESS OF WORK IN THE JOINT LIAISON GROUP.
GOVERNOR COMMENTS ON STOCK MARKET
IN RESPONSE TO REQUESTS FOR A COMMENT FROM THE GOVERNOR, SIR DAVID WILSON, ON THE STATE OF THE STOCK MARKET, THE FOLLOWING STATEMENT WAS ISSUED BY THE HONG KONG GOVERNMENT OFFICE IN LONDON ON MONDAY (LONDON TIME).
"THE GOVERNOR HAS BEEN KEEPING IN CLOSK AND CONSTANT TOUCH, OVER THE WEEKEND AND TODAY (MONDAY), WITH DEVELOPMENTS IN
KONG. HE HAS NOTED THE ORDERLY RESUMPTION OF TRADING ON THE HONG KONG STOCK MARKET TODAY AND THE FALL IN THE MARKET WHICH WAS NOT UNEXPECTED FOLLOWING DEVELOPMENTS ELSEWHERE WHEN HONG KONG MARKETS REMAINED CLOSED. HE BELIEVES THAT, DESPITE TODAY'S DEVELOPMENTS, THE HONG KONG ECONOMY REMAINS BASICALLY STRONG AND IS CONFIDENT IN HONG KONG'S ABILITY TO BOUNCE BACK FROM ITS PRESENT DIFFICULTIES.
H
FS COMMENTS ON STOCK MARKET
FOLLOWING IS A STATEMENT ISSUED BY THE
FINANCIAL SECRETARY,
MR PIERS JACOBS, THIS (MONDAY) EVENING:
"WE HAVE NOW SEEN THE FIRST DAY OF TRADING SINCE THE SUSPENSION LAST TUESDAY AND AS I HAD MENTIONED YESTERDAY, WE NEED TO SEE TWO OR MORE DAYS OF TRADING IN ORDER TO SEE HOW THINGS ARE GOING. SO I DON'T BELIEVE IT WOULD BE RIGHT TO THE CLOSING LEVEL ON THE STOCK MARKET JUDGEMENT UNTIL WE HAVE SEEN A FEW MORE
DRAW FIRM CONCLUSIONS FROM TODAY. LET US POSTPONE OUR DAYS OF TRADING.
"WHAT HAS
No comments yet.
Private notes are available after approval.