Alex Wong Market Quotations

There are concerns that new competitors like China Netcom and China Telecom will enter the domestic market once 3G services are introduced next year. The focus now is on such uncertainties.

Sentiment is not too positive and people are quite cautious ahead of the Federal Open Market Committee meeting on Tuesday.

Gains on Wall Street overnight and in Tokyo this morning helped the market recover.

I think the market could test 15,900 today but profit-taking will set in at that level.

Profit-taking after yesterday's gains account for the softness in the market today.

There isn't much momentum in the banking sector; the sector simply moved along the general uptrend of the market today.

The market seems to have found support at 15,300 this morning. I think the fact that Nasdaq recovered on bargain hunting in some tech stocks in late trade on Wednesday has stopped stocks falling so sharply here.

The market is following Wall Street and Nasdaq lower at the moment but I think we're going to see bargain hunting coming in later,

The market is drawing support from several factors, including follow-through buying of HSBC.

The market is down on Wall Street's performance but it may rebound from here because Hutchison and Cheung Kong don't seem to have too much downside and China Mobile's share price in the U.S. didn't fall too sharply overnight.