Herbert Lau Market Quotations

We're seeing some profit-taking of blue chips after Friday's gains but generally the market is very quiet ahead of the release of more U.S. economic data tonight and an expected interest rate hike tomorrow.

China A-share market just reopened and we've had a very strong rally, and some of the interest is beginning to spill over into H shares.

Some investors are staying at the sidelines as uncertainties linger over whether the Fed would surprise the market by a larger-than-expected cut in interest rates.

People are switching to utilities because there is a lot of uncertainty in the market about how deep the rate cut will be.

The market fell 5 percent last week so it should stabilize a bit, but tech stocks are still weak.

The market would have expected a placement at a bigger discount.

The market will stay in a trading range. The high oil prices and also the possible rate increase are pretty much priced in already.

The market thinks the note issue is slightly positive for Hutchison because it will help the company raise funds for third-generation mobile-phone ventures in Europe and the conversion price of the bonds is at a very good premium on the Vodafone share price,

The market is basically quite quiet. There's some profit-taking after yesterday's surge but overall market sentiment has stabilized somewhat because recent U.S. data has been quite positive and that has allayed fears about an interest rate rise this month.