Hong Kong took a lead from Wall Street, Tokyo and other overseas markets, and this explains gains this morning.
More Quotes from Howard Gorges:
A bit more good news could push the markets higher but any uncertainty could still shake them out.Howard Gorges
Some sort of correction was overdue. The market may now be moving into consolidation after recent sharp gains. There is still a good appetite for stocks.
Howard Gorges
Scores of investors are of the view that interest rates won't go up much higher.
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
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
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