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This week's In the News looks at recent developments in Asian markets. The seven resources discussed provide a general overview of the region with links to financial news from individual countries. Following improved forecasts by the International Monetary Fund (IMF) and the Asian Development Bank (ADB) in April, stock indexes across Asia continue to show increases this May, suggesting that an economic upturn may be in store for the region. Analysts also point to American investment as a major source of new capital, although the Dow fell 128.58 points May 4, 1999 following a record close of 11,014.69 on May 3. Despite the Dow's slide, Hong Kong's Hang Seng index rose 26.52 points, or 2 percent, on May 4, Malaysia's Kuala Lumpur Stock Exchange's Composite Index ended up 12.31 points, or 1.76 percent, at 710.59, Indonesia's Jakarta Stock Exchange's Composite Index rose 15.599 points, or 2.8 percent, to 563.840, and Thailand's Set index led the region with a 53 point or 11.5 percent rise to 511.94. Other markets remained mixed, however, with point losses in Vietnam, the Philippines, and Taiwan. Japan's markets were closed the first week of May due to a national holiday.
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