Sentiment is not too positive and people are quite cautious ahead of the Federal Open Market Committee meeting on Tuesday.
More Quotes from Alex Wong:
The market is down on Wall Street's performance but it may rebound from here because Hutchison and Cheung Kong don't seem to have too much downside and China Mobile's share price in the U.S. didn't fall too sharply overnight,Alex Wong
There are concerns that new competitors like China Netcom and China Telecom will enter the domestic market once 3G services are introduced next year. The focus now is on such uncertainties.
Alex Wong
The decline today was a disappointing end to the year. The weak performance was attributable to weak Asian stocks as well as profit-taking after recent gains.
Alex Wong
The market seems to have found support at 15,300 this morning. I think the fact that Nasdaq recovered on bargain hunting in some tech stocks in late trade on Wednesday has stopped stocks falling so sharply here.
Alex Wong
U.S. markets are starting to worry about the earnings of multinational companies in the face of the strong dollar.
Alex Wong
H shares held well yesterday even if there was panic selling in Tokyo and other Asian markets yesterday.
Alex Wong
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