Sunday, January 16, 2005

Why Stock Markets Stayed Calm in Southern Asia

NYTimes January 16, 2005

..... there was no widespread selling because the tsunami damage, though extending for thousands of miles along the Indian Ocean's rim, had negligible impact on industrial capacity. It may seem perverse when juxtaposed with the immense loss of life, analysts say, but the disaster may even produce economic and commercial benefits as rebuilding begins.

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