China, Thaialnd

[mbkudu]

Do you readers here think that the textiles trade of smaller countries like Thailand could be severly affected by the new quotas (no quotas) set by the WTO for China?

The last of the garment factories in the US are now closed or closing because of it.

The most ironic aspect of this is that most of the garment workers in the US who are losing their jobs are Chinese immigrants.

Edited January 20, 2005 by mbkudu

[Harmonica]

A quick look at a chart of the Textiles sector in the SET (Stock Exch. of Thailand) would answer your question about market direction regardless of China or other factors being the driving force. A weekly chart shows the most likely direction quite clearly and we are talking long-term here.

[mbkudu]

I don't have that chart handy; so is that a big negative you are saying?

[Harmonica]

>>>>> I don't have that chart handy; so is that a big negative you are saying? <<<<<<

Yes, that is what I am saying -- the net buying and selling of shares in the Textiles sector represents the "collective" trend on that subject with ALL factors taken into account -- China, USA etc. etc. -- cuts to the chase! any broker's office rep should be able to pull it up for you -- symbol is SETTEXT