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.
More Quotes from Francis Lun:
The HSI was dragged down by the weak performance of some heavyweights, such as HSBC.Francis Lun
The market will continue to drop as China imposes austerity measures, and we have interest rate (fears) in the U.S.. These two blows means we're in for a correction -- a substantial one.
Francis Lun
The absence of fresh news and the fact that most blue chips have already reported their annual results also explains the lack of a strong upward momentum to the market.
Francis Lun
There was continued profit-taking in H-shares after strong gains by many counters recently.
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
I expect the market to open higher after Wall Street's gains, and it will mainly be led by property stocks as interest rate worries seem to be easing after the release of the US Fed minutes.
Francis Lun
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