Some H-shares have risen beyond their respective fundamentals and it's no surprise to see investors take profit on them today.
Select H shares, like China Mobile and commodities, continue to generate buying interest.
Local interest rates are on the rise and this is making investors cautious towards the property sector.
Introducing disclosure on short positions can bring more transparency to the market. You should be allowed to see who's hammering you with their short bets.
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.
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.
There was short-covering on some H shares after falls last week.
There was continued profit-taking in H-shares after strong gains by many counters recently.
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.
Institutional investors believe that China financial companies will be among the major beneficiaries of the latest Beijing move on the liberalization of Chinese investments overseas.
