71. Eventually, financial markets worldwide were affected. 72. Fears on the possible increase in the number of local corporate defaults would also affect the market, he said. 73. Hong Kong has seen what currency pressures can do to the Hang Seng index and how that, in turn, affected markets across Europe and in North America. 74. If the Asian market is affected in some way, this effect is then transmitted to other markets of the world. 75. However,some analysts said the higher rate would put tremendous pressure on interest rates which in turn would indirectly affect the market. 76. In addition, U.S. Federal Reserve chairman Alan Greenspan is expected to give several speeches this week, which could affect currency markets. 77. In Korea, the advertising market is affected by the establishment of independent media firms. 78. Japanese stock prices finished sharply higher Thursday on expectations that a possible cut in U.S. interest rates will favorably affect global markets. 79. Latin American markets were affected immediately. 80. Markets were affected with financial problems in Asia, a large importer of elk and deer velvet from antlers. |