Castor Pang
Castor Pang
correction mode regarded shares
H shares were still in a correction mode because many are already regarded as being expensive.
driven panic rebound signal strong today yesterday
The plunge yesterday was driven by panic selling, the rebound today is a strong signal for buying.
believe external investors
Most investors still believe the influx of cash, or the influx of external funds, will continue.
believe developers interest investors means next peak property quarter rates rebound
Most investors believe interest rates will peak in the next quarter which means property developers should rebound soon.
highs investors irrational reached taking
Most H-shares have reached irrational highs so investors are now taking profit.
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.
banking continue cycle drivers expecting hike interest market people property rate stocks
Property and banking stocks will continue to be the drivers of the market with people expecting the interest rate hike cycle nearing its peak.
china drove market negative stocks
Profit-taking in many China stocks ... drove the market as well as H-shares into negative territory.
aviation chance exposure financial gains increase present
There's short-term speculation on aviation as gains in other sectors, like financial services, present a chance to increase exposure in other sectors.
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.
affected continued japanese local losses market post retreat street wall
The local market continued to post losses as it was affected by the retreat of Wall Street and the Japanese market.
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.