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AUSTRALIAN BOURSE FUTURE LINKED TO ASIA: CHAIRMAN.

AsiaPulse News

| May 03, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MELBOURNE, May 3 Asia Pulse - The future of the Australian Stock Exchange Ltd (ASX:ASX) is linked more closely to Asia than the United States, and will remain vulnerable to direction in China, ASX chairman Maurice Newman has said.

"For us to go to the United States ... we are unlikely to attract a great deal of attention," Mr Newman said.

"(But) we have I think already got the attention of a number of exchanges within the (Asian) region, we have an ongoing dialogue with them, and I would see prospects of developing those relationships."

Mr Newman told Channel Nine's Business Sunday that while there had been no specific discussions relating to how the Australian and Asian stock exchanges could come together physically, the ASX "envisaged how some of these developments might unfold".

"But I think that is for the future and whether it ...

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Source: HighBeam Research, AUSTRALIAN BOURSE FUTURE LINKED TO ASIA: CHAIRMAN.

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