Bank stocks were lifted today due to better than expected earnings from Bank of East Asia, but interest rate worries hurt property stocks.
More Quotes from Francis Lun:
Some H-shares have risen beyond their respective fundamentals and it's no surprise to see investors take profit on them today.Francis Lun
The investment made by some of Hong Kong's tycoons in Nine Dragons supported the debut of this company.
Francis Lun
There was continued profit-taking in H-shares after strong gains by many counters recently.
Francis Lun
Interest in H shares is selective as people expect some H shares to report strong results this week, while others are forecast to turn in weak earnings.
Francis Lun
In the case of the Link REIT, the government sold off the assets too cheaply, providing hedge funds like the TCI with an immediate upside.
Francis Lun
Fresh worries about rising inflation in the US and the extent to which the US Federal Reserve will raise interest rates are weighing down the market heavily.
Francis Lun
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