Francis Lun
Francis Lun
assets case funds government immediate link providing sold
In the case of the Link REIT, the government sold off the assets too cheaply, providing hedge funds like the TCI with an immediate upside.
expect forecast interest others people report results selective shares strong turn weak
Interest in H shares is selective as people expect some H shares to report strong results this week, while others are forecast to turn in weak earnings.
expect oil people profit record reported
Exxon Mobil reported record profit and people expect the same thing for oil producers' 2005 profit.
falls last major night reasons run street strong wall
Falls on Wall Street last night and profit-taking in H-shares, many of which had a strong run lately, are the major reasons for the market's fall today.
await cautious coming confined decision fed hints interest investors move narrow range rates tonight trading
Trading was confined to a narrow range because most investors are cautious as they await the Fed decision tonight and hints on how interest rates will move in the coming months.
beyond investors profit risen surprise
Some H-shares have risen beyond their respective fundamentals and it's no surprise to see investors take profit on them today.
cautious interest investors local property rates rise towards
Local interest rates are on the rise and this is making investors cautious towards the property sector.
amount boat keeps market miss people signals
The amount of turnover in the market is astounding. This signals that a lot of people don't want to miss the boat if the market keeps rising.
herd mentality
The tycoons got into it. It's a herd mentality more than anything else.
dragged performance weak
The HSI was dragged down by the weak performance of some heavyweights, such as HSBC.
market rise
The market will rise to a crescendo before falling.
austerity blows china continue correction drop interest market means rate
The market will continue to drop as China imposes austerity measures, and we have interest rate (fears) in the U.S.. These two blows means we're in for a correction -- a substantial one.
concerned crashed expecting hikes people rate rather three
The market's still concerned about rates. People are now expecting three more rate hikes rather than two. That's why the market's crashed this week.
lead local market overseas took wall
The local market took the lead from overseas markets, particularly Wall Street.