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RTRF1WO 
June 22, 1998 
Hong Kong leader Tung Chee-hwa purses his lips during a news conference June 22. Tung, looking sombre... 
Hong Kong 
HONG KONG LEADER TUNG CHEE-HWA PURSES HIS LIPS DURING A NEWS CONFERENCE. 
Hong Kong leader Tung Chee-hwa purses his lips during a news conference June 22. Tung, looking sombre in his live televised address, said he would implement more measures to help the battered economy but he vowed that the U.S. - Hong kong dollar peg would remain. The peg, in place since 1983, is the only major fixed exchange rate left in Asia after a year of currency turmoil, but the cost of its survival has been crippling high interest rates.

LC/FY/FMS 
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