The market just showed mild profit-taking in morning trade but the losses were limited. It turned higher in the afternoon as funds started buying blue chips such as China Mobile again.
More Quotes from 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 market was not affected by negative news such as (expected) further rate hikes.
Castor Pang
China-related stocks will likely to be hit by the austerity measures. I expect further correction in China stocks in the short term.
Castor Pang
People are getting nervous about H-share prices. At this level, H-shares are quite high.
Castor Pang
The market gains, led by heavyweight China Mobile, were underpinned by heavy purchases from institutional investors.
Castor Pang
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