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.
More Quotes from 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
Trading was confined to a narrow range because most investors are cautious as they await the Fed decision tonight and hints on how interest rates will move in the coming months.
Francis Lun
Exxon Mobil reported record profit and people expect the same thing for oil producers' 2005 profit.
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
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
Investors view as positive Husky's strong fourth-quarter profit and the approval for Hutchison's Italian unit's listing.
Francis Lun
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