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.
More Quotes from Alex Wong:
Net interest margins in Hong Kong remain under pressure and Standard Chartered Bank's performance here in 2005 would likely not be as strong as in China and elsewhere in the Asia-Pacific where it has expanded aggressively.Alex Wong
The market is following Wall Street and Nasdaq lower at the moment but I think we're going to see bargain hunting coming in later,
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
H shares held well yesterday even if there was panic selling in Tokyo and other Asian markets yesterday.
Alex Wong
Profit-taking after yesterday's gains account for the softness in the market today.
Alex Wong
Sentiment is not too positive and people are quite cautious ahead of the Federal Open Market Committee meeting on Tuesday.
Alex Wong
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