Article Abstract:
Exports from Asia to the United States could be sharply curtailed in the wake of September 11 and the pending U.S. retaliation. Many exporters in Hong Kong and Taiwan were already feeling a slump in U.S. demand, and now expect further erosion of consumer confidence in the States to continue eroding demand. While not many companies have yet received cancellations of orders, most are wary about what the future may bring.
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Article Abstract:
Yue Yuen Industrial (Holdings), provider of footwear to Nike in the U.S., has experienced a drop in the price of its stock from a high of almost HK$20 in 1999 to about $14 now. The company's sales have grown 66 percent to reach U.S.$1.69 billion in the last five years, due to its diversification. The article details the company's growth.
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Article Abstract:
South Korea-based Pacific Corp. enjoyed sales of $575 million in cosmetics sales, making it th 32nd largest beauty-products company in the world. The company leads the Korean market, with a share of 28%. The company's stock price has doubled in the last year.
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