| BUSINESSWEEK ONLINE : APRIL 12, 1999 ISSUE | ||||||||
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| PERSONAL BUSINESS
Global Investment Hot Spots EUROPE After a frothy opening this year amid heady feelings about the euro, several markets have peaked or fallen. Still, stocks are expensive. There may be room for new gains--especially in France and Italy--but you'll have to be patient. Across Europe, governments will be under pressure to drop interest rates as their economies slow. Restructurings, particularly in financial services, are sparking interest. ASIA Japan's zero interest rates and announcements of corporate restructurings have brought foreign investors back. But other spots in Asia look more enticing. Japanese stock prices are rich, and the promised corporate downsizings are still to be realized. Singapore, Korea, and Australia especially may prove rewarding. Hong Kong's rebound looks to be way off. China remains a wild card. LATIN AMERICA Brazil's devaluation looks like it's going to be less of a strain than once feared, and it has created opportunity for healthy gains for investors. Mexican investments are booming. Region-wide, stock prices are much cheaper than comparable plays in other parts of the world--though this remains a place for those who can stomach risks. Promising sectors include telecom and oil. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP |
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