A bit more good news could push the markets higher but any uncertainty could still shake them out.
More Quotes from Howard Gorges:
There is some profit-taking after yesterday's gains, with many investors investors cautious over interest rates.Howard Gorges
Especially ahead of the National People Congress beginning November 7 with power structure changes -- who's in, who's out and what scores are being settled -- some of the recent scandals have raised the question whether someone is being prosecuted because it was a sign of a loss of some power or potential loss of power by a particular faction in the government.
Howard Gorges
Most investors were expecting a correction this morning after sharp gains in the past few days but when they saw that there wasn't much selling pressure, buyers came back and pushed up the market.
Howard Gorges
It's good to see CLP making a one-off gain last year and investors are happy to see that its earnings from overseas operations are increasing. However, it faces problems ahead as the government looks to change the scheme of controls which apply to local power companies.
Howard Gorges
Overseas money is the primary driver based on a return of a degree of confidence. It is now perceived that most economies have bottomed out and are now on a recovery trend.
Howard Gorges
Scores of investors are of the view that interest rates won't go up much higher.
Howard Gorges
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