The market gains, led by heavyweight China Mobile, were underpinned by heavy purchases from institutional investors.
More Quotes from Castor Pang:
People are getting nervous about H-share prices. At this level, H-shares are quite high.Castor Pang
Property and banking stocks will continue to be the drivers of the market with people expecting the interest rate hike cycle nearing its peak.
Castor Pang
The market has corrected about 600 points from the high, so at this moment, the momentum has come back and there will be opportunity for a rebound.
Castor Pang
The plunge yesterday was driven by panic selling, the rebound today is a strong signal for buying.
Castor Pang
Many investors and funds continued selling... as the market lacks fresh good news. Interest-rate worries continued to dampen sentiment.
Castor Pang
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