H-share valuations are quite expensive and heavy profit taking will continue ahead of earnings announcements. Smart investors have already reduced their holdings in these stocks.
H-shares with high valuations saw profit taking today.
Investors are keen on China enterprises because talks on China's entry to the World Trade Organization are imminent.
It was better than expected, considering it was just more than 10 times over-subscribed.
It's normal profit-taking. It's quarter-end, it's Friday, the market's near the 16,000 resistance level.
The Dow fell last night so there's not much buying and there's no news.
The market's not doing anything, and until there is a result from the U.S. election it won't be going anywhere.
There's not much happening, China shares are outperforming the market but there's less buying than on Monday.
These H shares are attractive because their profit outlook has turned around in the past year. Next I think we'll see investors move to red chips.
We are seeing some cheap buying after yesterday's decline which was a bit overdone. Some good U.S. earnings results has also encouraged some people.
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