The decline today was a disappointing end to the year. The weak performance was attributable to weak Asian stocks as well as profit-taking after recent gains. |
The market is down on Wall Street's performance but it may rebound from here because Hutchison and Cheung Kong don't seem to have too much downside and China Mobile's share price in the U.S. didn't fall too sharply overnight, |
The market is down on Wall Street's performance but it may rebound from here because Hutchison and Cheung Kong don't seem to have too much downside and China Mobile's share price in the U.S. didn't fall too sharply overnight. |
The market is drawing support from several factors, including follow-through buying of HSBC. |
The market is following Wall Street and Nasdaq lower at the moment but I think we're going to see bargain hunting coming in later, |
The market seems to have found support at 15,300 this morning. I think the fact that Nasdaq recovered on bargain hunting in some tech stocks in late trade on Wednesday has stopped stocks falling so sharply here. |
The real pressure in Hong Kong should be on semiconductor stocks like ASM Pacific and QPL, ... As we don't have semiconductor blue chips, pressure on the index shouldn't be too great. |
The real pressure in Hong Kong should be on semiconductor stocks like ASM Pacific and QPL. As we don't have semiconductor blue chips, pressure on the index shouldn't be too great. |
There are concerns that new competitors like China Netcom and China Telecom will enter the domestic market once 3G services are introduced next year. The focus now is on such uncertainties. |
There is some speculation that CLP might announce a generous payout. But the company continues to face an overhang because of the uncertain outcome of its talks with the government on the scheme of controls relating to the operations of power companies in Hong Kong. |
There isn't much momentum in the banking sector; the sector simply moved along the general uptrend of the market today. |
There probably isn't too much downside from here. The performance of other Asian markets is quite encouraging so I think the index may hold above 16,000 and maybe rise to 16,250 later in the day. |
Trading was confined within a narrow range in the absence of fresh stimulus. Overseas markets lack momentum and and there isn't any fresh news that could drive up activity. |
Turnover remained healthy because some institutional investors chased after select laggard industrial and retail stocks. |
U.S. markets are starting to worry about the earnings of multinational companies in the face of the strong dollar. |