21.   But healthier economies like Hong Kong and Singapore, which did not suffer steep currency devaluations, could take longer to adjust.

22.   But there are other, more complex channels of contagion, like the currency devaluations that have sent Asia reeling.

23.   But then rumors about a possible Brazilian currency devaluation and the health of Russian President Boris Yeltsin filtered into the market.

24.   Carmakers Ciadea SA and Sevel Argentina SA would also suffer, as their growing exports to Brazil could be priced too high after a currency devaluation.

25.   CHILEAN stocks fell as investors throughout Latin America waited for speculation about a possible currency devaluation in Brazil to subside.

26.   Concern that Asian currency devaluations could spread to other emerging markets, including Latin America, has kept people out of stocks and in safer investments.

27.   Currency devaluations should modestly damp imports and make goods from Indonesia, Thailand, and Malaysia cheaper around the world.

28.   Currencies around the region came under pressure after several currency devaluations in Asia and Eastern Europe.

29.   Currency devaluations and stock-market plunges then spread to the Philippines, Malaysia and Indonesia, before hitting Hong Kong and most recently Korea.

30.   Currency devaluations in Asia and slowing economies there are expected to prevent many Asian borrowers from repaying their debt to Western banks in coming months.