Telecom stocks are being buoyed by merger and acquisition news overseas,
More Quotes from Herbert Lau:
It's still to early to say whether Hutchison and Cheung Kong's share prices can hold up today,Herbert Lau
We're seeing across the board buying after tame employment data out of the U.S., which is reducing pressure for interest rate hikes, and a good response to residential property sales over the weekend.
Herbert Lau
Cheung Kong is still experiencing pressure on the MSCI removal because fund managers still hold quite a big chunk of the stock so it will take time to offload,
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
CW is not desperate to raise funds so I don't think they will want to unload PCCW at such a depressed price,
Herbert Lau
The market fell 5 percent last week so it should stabilize a bit, but tech stocks are still weak.
Herbert Lau
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