Howard Gorges Overseas Quotations

Overseas money is the primary driver based on a return of a degree of confidence. It is now perceived that most economies have bottomed out and are now on a recovery trend.

It's good to see CLP making a one-off gain last year and investors are happy to see that its earnings from overseas operations are increasing. However, it faces problems ahead as the government looks to change the scheme of controls which apply to local power companies.

Hong Kong took a lead from Wall Street, Tokyo and other overseas markets, and this explains gains this morning.

The Hong Kong market takes the lead from Wall Street and, to a lesser extent, other overseas markets such as Tokyo.