Some H-shares have risen beyond their respective fundamentals and it's no surprise to see investors take profit on them today.
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.
The experience with New World Development proved a company could rebuff attempts by TCI to keep increasing its holding. What New World Development did was to place shares to friendly investors to strengthen its controlling stake.
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.
Institutional investors are getting weak at the knees. They're ready to sell.
The collapse of stocks in Japan has caused a domino effect in Hong Kong and investors are looking for a reason to sell.