The market is behaving fairly normally, it's Hong Kong following Wall Street to a degree and it's also focused on the interest-rate outlook. Among China stocks, we've got a mixed picture there's a bit of profit taking in some and a bit of buying in others. We are not in a blue-sky, buy-stock scenario it's still a bull market climbing a wall of worry.
More Quotes from 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
The market was very quiet because most investors didn't want to take any significant positions ahead of the Christmas holidays.
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
There is some profit-taking after yesterday's gains, with many investors investors cautious over interest rates.
Howard Gorges
It's been a bit volatile today. People are selling into strength and buying into weakness.
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
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