China is expected to take some macroeconomic measures as fixed asset investments there are forecast to grow sharply this year. |
China stocks are always risky. Many funds sold off the stocks after recent sharp gains, which drove down the stocks. I expect to see further correction in China stocks. |
Commodity stocks were dragged down by profit-taking after sharp gains last week. |
Continued fund flow into Hong Kong and positive market performance overseas helped support gains in the market. |
HKEX is viewed as a good company as the exchange's turnover is expected to rise. Its shares have room to move higher as they are trading at slightly below some of their counterparts. |
Hutchison has risen more than HK$10 this week so at this level it will see some profit taking. |
Hutchison is a conglomerate, and the expected healthy economic outlook in the coming quarter helped. |
I'm still bullish on the market. |
Institutional investors are continuing to buy into China's growth story and this explains their interest in H shares and red chips. |
It's interest rates; the same old story. |
Mild profit-taking set in and partly erased earlier gains. I believe the sustainability of the index above the 16,000 point level would really depend on the fund flow and market sentiment. Mixed showing at Wall Street overnight may have kept some traders cautious. |
Rate-sensitive property and banking stocks continued to support the market in early trade but the gains failed to sustain as investors took profits after recent rallies. |
The auction results are likely to be neutral but if the site in Repulse Bay could be sold at a good price it should give property stocks a boost. |
The market has been listless due to a lack of direction. Inflation fears still exist in the market where there's a lack of interest. |
The market was relatively quiet today, with HSBC among the gainers, which helped pull the index out of negative territory. |