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Securities Industry Southeast Asia

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BUSINESS
September 7, 1997 | TOM PETRUNO
When emotion takes over, logic beats a hasty retreat. So it is with hysterias fueled by the untimely death of princesses . . . and, more appropriate for this page, with hysterias in financial markets. Until late last week, most Southeast Asian stock markets had been in the grip of panic selling since early July, as their currencies plunged in value and 15 years' worth of optimism about the "Asian economic miracle" seemed to evaporate.
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BUSINESS
September 7, 1997 | TOM PETRUNO
When emotion takes over, logic beats a hasty retreat. So it is with hysterias fueled by the untimely death of princesses . . . and, more appropriate for this page, with hysterias in financial markets. Until late last week, most Southeast Asian stock markets had been in the grip of panic selling since early July, as their currencies plunged in value and 15 years' worth of optimism about the "Asian economic miracle" seemed to evaporate.
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