Is This Rally for Real?: Stock markets are jumping, but economic revival is still far off

After more than a year of grim news, the mood in Asia's equity trading pits is finally improving. Buoyed by falling interest rates, Asia's most devastated market, Jakarta, is up a handsome 58% in US dollar terms since early October, while Seoul is up 40%. But the recent gains may not signa...

Full description

Saved in:
Bibliographic Details
Published in:Bloomberg businessweek (Online) 1998-11 (3604), p.66
Main Author: Sheri Prasso in Hong Kong, with Mark L. Clifford in Hong Kong, Brian Bremner in Tokyo, and bureau reports
Format: Magazinearticle
Language:English
Subjects:
Economic recovery
Manycountries
Rates of return
Securities markets
Securities trading volume
Stock prices
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by
cites
container_end_page
container_issue 3604
container_start_page 66
container_title Bloomberg businessweek (Online)
container_volume
creator Sheri Prasso in Hong Kong, with Mark L. Clifford in Hong Kong, Brian Bremner in Tokyo, and bureau reports
description After more than a year of grim news, the mood in Asia's equity trading pits is finally improving. Buoyed by falling interest rates, Asia's most devastated market, Jakarta, is up a handsome 58% in US dollar terms since early October, while Seoul is up 40%. But the recent gains may not signal an Asian economic recovery. Many pros are unwilling to concede that this is anything more than a classic bear market rally. Indeed, just about every Asian economy is expected to contract this year and next. The cumulative effect, experts predict, is that Asia's stock markets will continue to bounce along the bottom for at least the next year.
format magazinearticle
fullrecord <record><control><sourceid>proquest</sourceid><recordid>TN_cdi_proquest_miscellaneous_236745709</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>35916185</sourcerecordid><originalsourceid>FETCH-proquest_miscellaneous_2367457093</originalsourceid><addsrcrecordid>eNpjYuA0MjQz0jUzNY9gYeA0MDAw1zU3NDblYOAtLs4Ccg0sLEyNjAw5GcQ9ixVCMjKLFYISc3IqFdLyixSCUhNz7HkYWNMSc4pTeaE0N4O6m2uIs4duQVF-YWlqcUl8bmZxcmpOTmJean5pcbyRsZm5iam5gaUx8SoBkIUugQ</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>magazinearticle</recordtype><pqid>236745709</pqid></control><display><type>magazinearticle</type><title>Is This Rally for Real?: Stock markets are jumping, but economic revival is still far off</title><source>EBSCOhost Business Source Ultimate</source><creator>Sheri Prasso in Hong Kong, with Mark L. Clifford in Hong Kong, Brian Bremner in Tokyo, and bureau reports</creator><creatorcontrib>Sheri Prasso in Hong Kong, with Mark L. Clifford in Hong Kong, Brian Bremner in Tokyo, and bureau reports</creatorcontrib><description>After more than a year of grim news, the mood in Asia's equity trading pits is finally improving. Buoyed by falling interest rates, Asia's most devastated market, Jakarta, is up a handsome 58% in US dollar terms since early October, while Seoul is up 40%. But the recent gains may not signal an Asian economic recovery. Many pros are unwilling to concede that this is anything more than a classic bear market rally. Indeed, just about every Asian economy is expected to contract this year and next. The cumulative effect, experts predict, is that Asia's stock markets will continue to bounce along the bottom for at least the next year.</description><identifier>ISSN: 0007-7135</identifier><identifier>EISSN: 2162-657X</identifier><identifier>CODEN: BWITEU</identifier><language>eng</language><publisher>New York: Bloomberg Finance LP</publisher><subject>Economic recovery ; Manycountries ; Rates of return ; Securities markets ; Securities trading volume ; Stock prices</subject><ispartof>Bloomberg businessweek (Online), 1998-11 (3604), p.66</ispartof><rights>Copyright 1998 The McGraw-Hill Companies, Inc.</rights><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>776,780</link.rule.ids></links><search><creatorcontrib>Sheri Prasso in Hong Kong, with Mark L. Clifford in Hong Kong, Brian Bremner in Tokyo, and bureau reports</creatorcontrib><title>Is This Rally for Real?: Stock markets are jumping, but economic revival is still far off</title><title>Bloomberg businessweek (Online)</title><description>After more than a year of grim news, the mood in Asia's equity trading pits is finally improving. Buoyed by falling interest rates, Asia's most devastated market, Jakarta, is up a handsome 58% in US dollar terms since early October, while Seoul is up 40%. But the recent gains may not signal an Asian economic recovery. Many pros are unwilling to concede that this is anything more than a classic bear market rally. Indeed, just about every Asian economy is expected to contract this year and next. The cumulative effect, experts predict, is that Asia's stock markets will continue to bounce along the bottom for at least the next year.</description><subject>Economic recovery</subject><subject>Manycountries</subject><subject>Rates of return</subject><subject>Securities markets</subject><subject>Securities trading volume</subject><subject>Stock prices</subject><issn>0007-7135</issn><issn>2162-657X</issn><fulltext>true</fulltext><rsrctype>magazinearticle</rsrctype><creationdate>1998</creationdate><recordtype>magazinearticle</recordtype><sourceid/><recordid>eNpjYuA0MjQz0jUzNY9gYeA0MDAw1zU3NDblYOAtLs4Ccg0sLEyNjAw5GcQ9ixVCMjKLFYISc3IqFdLyixSCUhNz7HkYWNMSc4pTeaE0N4O6m2uIs4duQVF-YWlqcUl8bmZxcmpOTmJean5pcbyRsZm5iam5gaUx8SoBkIUugQ</recordid><startdate>19981116</startdate><enddate>19981116</enddate><creator>Sheri Prasso in Hong Kong, with Mark L. Clifford in Hong Kong, Brian Bremner in Tokyo, and bureau reports</creator><general>Bloomberg Finance LP</general><scope/></search><sort><creationdate>19981116</creationdate><title>Is This Rally for Real?</title><author>Sheri Prasso in Hong Kong, with Mark L. Clifford in Hong Kong, Brian Bremner in Tokyo, and bureau reports</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-proquest_miscellaneous_2367457093</frbrgroupid><rsrctype>magazinearticle</rsrctype><prefilter>magazinearticle</prefilter><language>eng</language><creationdate>1998</creationdate><topic>Economic recovery</topic><topic>Manycountries</topic><topic>Rates of return</topic><topic>Securities markets</topic><topic>Securities trading volume</topic><topic>Stock prices</topic><toplevel>online_resources</toplevel><creatorcontrib>Sheri Prasso in Hong Kong, with Mark L. Clifford in Hong Kong, Brian Bremner in Tokyo, and bureau reports</creatorcontrib><jtitle>Bloomberg businessweek (Online)</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Sheri Prasso in Hong Kong, with Mark L. Clifford in Hong Kong, Brian Bremner in Tokyo, and bureau reports</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Is This Rally for Real?: Stock markets are jumping, but economic revival is still far off</atitle><jtitle>Bloomberg businessweek (Online)</jtitle><date>1998-11-16</date><risdate>1998</risdate><issue>3604</issue><spage>66</spage><pages>66-</pages><issn>0007-7135</issn><eissn>2162-657X</eissn><coden>BWITEU</coden><abstract>After more than a year of grim news, the mood in Asia's equity trading pits is finally improving. Buoyed by falling interest rates, Asia's most devastated market, Jakarta, is up a handsome 58% in US dollar terms since early October, while Seoul is up 40%. But the recent gains may not signal an Asian economic recovery. Many pros are unwilling to concede that this is anything more than a classic bear market rally. Indeed, just about every Asian economy is expected to contract this year and next. The cumulative effect, experts predict, is that Asia's stock markets will continue to bounce along the bottom for at least the next year.</abstract><cop>New York</cop><pub>Bloomberg Finance LP</pub></addata></record>
fulltext fulltext
identifier ISSN: 0007-7135
ispartof Bloomberg businessweek (Online), 1998-11 (3604), p.66
issn 0007-7135
2162-657X
language eng
recordid cdi_proquest_miscellaneous_236745709
source EBSCOhost Business Source Ultimate
subjects Economic recovery
Manycountries
Rates of return
Securities markets
Securities trading volume
Stock prices
title Is This Rally for Real?: Stock markets are jumping, but economic revival is still far off
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-22T23%3A11%3A53IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Is%20This%20Rally%20for%20Real?:%20Stock%20markets%20are%20jumping,%20but%20economic%20revival%20is%20still%20far%20off&rft.jtitle=Bloomberg%20businessweek%20(Online)&rft.au=Sheri%20Prasso%20in%20Hong%20Kong,%20with%20Mark%20L.%20Clifford%20in%20Hong%20Kong,%20Brian%20Bremner%20in%20Tokyo,%20and%20bureau%20reports&rft.date=1998-11-16&rft.issue=3604&rft.spage=66&rft.pages=66-&rft.issn=0007-7135&rft.eissn=2162-657X&rft.coden=BWITEU&rft_id=info:doi/&rft_dat=%3Cproquest%3E35916185%3C/proquest%3E%3Cgrp_id%3Ecdi_FETCH-proquest_miscellaneous_2367457093%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=236745709&rft_id=info:pmid/&rfr_iscdi=true