With the China market on holiday, Hong Kong is tracking trends in the Japanese market.
More Quotes from Andrew To:
Property shares had a technical rebound, but interest rate concerns will still affect properties until there are signs that the U.S. interest rate cycle will end.Andrew To
I think the take-up for the placement is not too good and other property developers may be discouraged from placing shares at this time.
Andrew To
The Japanese market is struggling to stay above 17,000, and it's still uncertain whether it can hold. An interest rate hike and a strong dollar would hurt.
Andrew To
I think there was some minor selling pressure on telecom stocks as the market continued to see a weaker European telecom sector due to the high cost of Germany's third-generation mobile-phone licenses.
Andrew To
Bank of China's results were quite good double-digit growth can be taken as good results for a bank. That injected confidence into the market.
Andrew To
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