Castor Pang
Castor Pang
current factors obvious quite support upside
The profit-taking is quite obvious this morning. The current factors and the fundamentals can't support the index to go up further. At this level, the upside is limited.
lift negatives
There are more negatives out there than anything to lift the market.
chasing china commodity investors last obvious profits stocks taking
Overbuying of China stocks was obvious in the last two weeks. Investors are taking profits gradually, but some are still chasing laggards such as commodity stocks.
driven panic rebound signal strong today yesterday
The plunge yesterday was driven by panic selling, the rebound today is a strong signal for buying.
nervous people quite
People are getting nervous about H-share prices. At this level, H-shares are quite high.
correction mode regarded shares
H shares were still in a correction mode because many are already regarded as being expensive.
compared income property quite stable
Rental income is quite stable when compared with the income of property developers.
china due estate gains gas investment kong launch mainly might privatize strong unit
Henderson Land's strong gains were due mainly to speculation that it might privatize unit Hong Kong & China Gas and launch a real estate investment trust.
late limited losses market outlook points short term trade turned
If the losses can be limited in late trade and the market turned back to 15,500 points level, the short term outlook will still be positive.
blue china chips heavy investors led locked lower mobile profits recent
Heavy profit-taking in China Mobile led to the market's fall. Other blue chips were also lower as some investors locked in profits after recent rises.
attention interest market rate turn
The market will turn its attention back to the interest rate outlook.
affected further market negative news rate
The market was not affected by negative news such as (expected) further rate hikes.
fed interest largely market property rate release sector supported worries
The market was largely supported by the property sector as interest rate worries eased after the release of the US Fed minutes.
ahead bit boring cautious investors major market remained results
The market was a bit boring today. Investors remained cautious ahead of major companies' results tomorrow.