Castor Pang
Castor Pang
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.
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.
apartments continue falls financial hikes investors larger previous property prospects rate surprised worried
I won't be surprised to see more falls in the property and financial sectors even if presales of apartments continue to do well. Investors are worried now by prospects of rate hikes larger than those in previous months.
abroad believe buy force interest investors move peak rates securities
China's move to let investors buy securities abroad was a force for the market, and most investors believe interest rates may peak for the short-term.
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.
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.
china drove market negative stocks
Profit-taking in many China stocks ... drove the market as well as H-shares into negative territory.
believe external investors
Most investors still believe the influx of cash, or the influx of external funds, will continue.
highs investors irrational reached taking
Most H-shares have reached irrational highs so investors are now taking profit.
developers gains launch led local projects properties provided street support tokyo wall
Gains on Wall Street and Tokyo provided support to the local market. Properties led (the gains) as many developers will launch new projects for sale.
buying due extended gains helped late market selective support trade
Funds' selective buying helped support the index. The market extended its gains in late trade also due to some futures-related trading.
continued fresh funds good investors lacks market worries
Many investors and funds continued selling... as the market lacks fresh good news. Interest-rate worries continued to dampen sentiment.