 | |  | | Sydney, October 2:
Terrorists targeted popular tourist spots in the Indonesian resort of Bali for
the second time in three years Saturday with coordinated bombings that
devastated seafood and noodle restaurants packed with foreigners, killing at
least 25 people and wounding at least 100. Saturday"s near-simultaneous blasts
at two seafood cafes on Jimbaran beach and a three-story noodle and steakhouse
in downtown Kuta occurred almost three years to the day that bombings carried
out by Islamic militants killed 202 people, mostly foreigners in Bali. President
Susilo Bambang Yudhoyono said terrorists were to blame and warned that more
attacks were possible.
How the financial markets will react on Monday is difficult to assess. There
was a strong reaction on the Asian Monday open to the Bali bombings three years
ago, but most of the reaction was reversed within 24 hours. The terrorist
attacks this time around didn"t create nearly the amount of human tragedy that
resulted from the Kuta night club bombings three years ago, but the fact that it
has happened for a second time after local authorities supposedly tightened up
security could have a devastating effect on tourism for Bali, other resorts in
Indonesia and perhaps all of South East Asia where terrorist activity exists.
The IDR has been under extreme pressure in recent weeks due to the high price
of oil with the central bank having to intervene heavily to keep the rate below
10,500. Whether or not there will be JPY selling as a proxy first thing Monday
morning before the emerging Asian markets are up and running is debatable. --
John.Noonan@thomson.com
[ 本帖最后由 ForexGG 于 2005-10-1 19:56 编辑 ] |  |  |  |  |
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