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.
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Local interest rates are on the rise and this is making investors cautious towards the property sector.Francis Lun
Institutional investors believe that China financial companies will be among the major beneficiaries of the latest Beijing move on the liberalization of Chinese investments overseas.
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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.
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It seems like institutions are still holding back from the market, maybe they are waiting for it go lower.
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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.
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