Francis Lun Interest Quotations

Local interest rates are on the rise and this is making investors cautious towards the property sector.

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.

Bank stocks were lifted today due to better than expected earnings from Bank of East Asia, but interest rate worries hurt property stocks.

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.

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.