I remember feeling despair at the time, having bought CDL shares at $9.50 less than two years earlier. But I held on to them doggedly and sold them at $15.80 last year after a holding period of more than 10 years.
The crisis peaked when the Hong Kong government intervened directly to defend the Hong Kong dollar peg and shore up its stock market in August, and Malaysia imposed capital control the following month. It took 14 months from beginning to end before the Asian selldown ran its course.
The crisis peaked when the Hong Kong government intervened directly to defend the Hong Kong dollar peg and shore up its stock market in August, and Malaysia imposed capital control the following month. It took 14 months from beginning to end before the Asian selldown ran its course.
