Fresh worries about rising inflation in the US and the extent to which the US Federal Reserve will raise interest rates are weighing down the market heavily.
More Quotes from Francis Lun:
There was continued profit-taking in H-shares after strong gains by many counters recently.Francis Lun
There was profit-taking in stocks which have risen a lot in recent days. Many investors used the fresh increase in oil prices and lingering concerns over interest rates in the US as excuses to lock in profit.
Francis Lun
The amount of turnover in the market is astounding. This signals that a lot of people don't want to miss the boat if the market keeps rising.
Francis Lun
In the case of the Link REIT, the government sold off the assets too cheaply, providing hedge funds like the TCI with an immediate upside.
Francis Lun
Exxon Mobil reported record profit and people expect the same thing for oil producers' 2005 profit.
Francis Lun
The HSI was dragged down by the weak performance of some heavyweights, such as HSBC.
Francis Lun
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