China Telecom and banking shares seem to be supporting the market, ... But I'm stumped, there's no reason for banking shares to be chased ahead of an FOMC meeting.
More Quotes from David Harman:
We're seeing an across the board movement today but the index may have to come down a bit before testing higher levels,David Harman
The market's not looking too good, ... It's following Wall Street down. If there's a recovery it probably won't be until the middle of next week.
David Harman
I'm disappointed, I wanted Unicom to rise to HK19 and than sell into China Telecom, ... I think investors feel it's a bit expensive at HK15.58 but it may settle and firm later in the day.
David Harman
Hutchison should also benefit from news that India is to open up its domestic telecommunications market as the company has been expanding there pretty rapidly,
David Harman
Friday's rally was on the government's moves to boost the property market, ... But whatever the government does, the stocks have already moved ahead of the news so it's not surprising that they are being sold off on the news.
David Harman
Worries about an interest rate rise have virtually disappeared, the consensus is now that the Fed won't raise rates, ... Volume is a bit better than yesterday but most of the buying is in half a dozen stocks. Unless we start seeing a broader rally on more volume we can't be convinced that we're out of the woods yet.
David Harman
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