Andrew To Kwan-hang (Chinese: 陶君行; born 7 February 1966) is a Hong Kong politician and activist. He is the former chairman of the League of Social Democrats and former member of the Wong Tai Sin District Council. (wikipedia)
Bank of China's results were quite good; double-digit growth can be taken as good results for a bank. That injected confidence into the market.
We're seeing a minor technical rebound after Wall Street rebounded from two days of losses. The key will be whether the index can hold above 17,400, if it can't it will indicate we'll see another single-day reversal.
Property shares had a technical rebound, but interest rate concerns will still affect properties until there are signs that the U.S. interest rate cycle will end.
We are afraid that our freedoms and liberties will be infringed in the future.
Trading seems to be focusing on selective counters because investors are cautious amid interest rate fears.
I think the take-up for the placement is not too good and other property developers may be discouraged from placing shares at this time.
With the China market on holiday, Hong Kong is tracking trends in the Japanese market.
In the past three days, the market has added more than 500 points. At least 20% of the price is cream, or speculative activity. All we need is one or two negative indicators or pieces of news, and that could give investors an excuse to take profit.
The market is still waiting for HSBC results, which will have a big impact on the direction of the market.
I think there was some minor selling pressure on telecom stocks as the market continued to see a weaker European telecom sector due to the high cost of Germany's third-generation mobile-phone licenses.
