China A-share market just reopened and we've had a very strong rally, and some of the interest is beginning to spill over into H shares.
More Quotes from Herbert Lau:
I expect the index to move sideways today as there's a bit of profit taking.Herbert Lau
The market thinks the note issue is slightly positive for Hutchison because it will help the company raise funds for third-generation mobile-phone ventures in Europe and the conversion price of the bonds is at a very good premium on the Vodafone share price,
Herbert Lau
Momentum in the two China telecom stocks is slowing because all the good news is in the price now, ... In the near term they will follow the trend in the telecom sector, where there is still some weakness.
Herbert Lau
China Telecom reflects market sentiment. A lot of foreign brokerages have issued pessimistic outlooks on the Hong Kong market in the near term and that is putting pressure on the market.
Herbert Lau
We're seeing some profit-taking of blue chips after Friday's gains but generally the market is very quiet ahead of the release of more U. S. economic data tonight and an expected interest rate hike tomorrow.
Herbert Lau
It's still to early to say whether Hutchison and Cheung Kong's share prices can hold up today,
Herbert Lau
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