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.
We're seeing across the board buying after tame employment data out of the U.S., which is reducing pressure for interest rate hikes, and a good response to residential property sales over the weekend.
Shares are not doing too well across the board this morning,
Momentum in the two China telecom stocks is slowing because all the good news is in the price now, ... In the near term they will follow the trend in the telecom sector, where there is still some weakness.
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.
I expect the index to move sideways today as there's a bit of profit taking.
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.
We see HSBC announcing an 18 percent rise in interim profit to about HK$20.6 billion and our target for the stock is HK$120 within the next three to six months,
Telecom, techs and the Cheung Kong group are weakening but it looks like a sell-off across the board.
Telecom stocks are being buoyed by merger and acquisition news overseas.
Property sentiment has also been boosted by a Bank of China report urging the government to act to boost the market. The government may be forced to do something such as restrain land supply in coming years and shelve some government-subsidized flats.
People are switching to utilities because there is a lot of uncertainty in the market about how deep the rate cut will be.
The oil price will continue to rise. Earnings at most of the oil producers have had very good, positive surprises.
It's still to early to say whether Hutchison and Cheung Kong's share prices can hold up today,
C&W is not desperate to raise funds so I don't think they will want to unload PCCW at such a depressed price,
Cheung Kong is still experiencing pressure on the MSCI removal because fund managers still hold quite a big chunk of the stock so it will take time to offload.
Cheung Kong is playing catch up with Hutchison. It's been a laggard over the past few weeks so investors are trying to narrow the gap with Hutchison.
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's doing pretty well. We've had some good figures out of the U.S. and futures were very strong at yesterday's close.
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.
