The market was led by H shares which were higher today after Beijing allowed its social security fund to invest in overseas markets.
More Quotes from Jackson Wong:
Shares rebounded from Friday's fall with property stocks and large cap China Mobile leading the gains. The momentum was, however, not strong enough for the index to touch the 16,000 points level.Jackson Wong
Gains in the market are fund-led. Trading in the region remains relatively strong with funds pursuing select stocks, among them metals. Overnight gains on Wall Street also helped sentiment.
Jackson Wong
There was profit-taking in select blue chips and China-related stocks after recent sharp rises. Investors turned cautious as US and Tokyo markets were weak.
Jackson Wong
I don't expect the market to have sharp movement today, with the benchmark index likely to hover within a range of 100 points.
Jackson Wong
Some investors took profits in select blue chips, driving the benchmark index into negative territory. Trading was confined to a narrow range ... ahead of the long Christmas holiday.
Jackson Wong
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