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. |