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国际金融资本的迅速膨胀,推动了全球证券市场的进一步扩大和发展。1997年全球证券市场特别是股票市场大动荡的一年。其发展特点是市场波动不定,股价及债券价格暴跌暴涨。全球各个市场的发展不近平衡。西方主要国家的股市虽大起大落,但最终仍未脱离牛市轨道。而以东南亚为代表的新兴国家的股票市场则经过剧烈震荡后股价一泻千里,年终未能逃脱熊市局面,而进入98年后仍巨幅向下滑动。
The rapid expansion of international financial capital has promoted the further expansion and development of the global securities market. In 1997, the global securities market, especially the stock market turmoil of the year. Its development is characterized by volatile markets, soaring stock prices and bond prices. The development of various markets around the world is not nearly balanced. Although the stock markets of the major western countries have seen ups and downs, they have not yet escaped from the bull market. Emerging countries represented by Southeast Asia stock markets plummeted after severe turmoil, the end of the year failed to escape the bear market, but after 98 years into a huge downward slide.