It seems like institutions are still holding back from the market, maybe they are waiting for it go lower.
More Quotes from 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
The potential is huge, yet the pitfalls are bottomless. After years of communism, some companies borrow without the intention of ever paying the money back. It's a very high-risk market.
Francis Lun
There is no fresh news that can move up properties. Worries that interest rates in the US might go up some more have made many investors cautious.
Francis Lun
Falls on Wall Street last night and profit-taking in H-shares, many of which had a strong run lately, are the major reasons for the market's fall today.
Francis Lun
Exxon Mobil reported record profit and people expect the same thing for oil producers' 2005 profit.
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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