14 Quotes by Andrew To

In the past three days, the market has added more than 500 points. At least 20% of the price is cream, or speculative activity. All we need is one or two negative indicators or pieces of news, and that could give investors an excuse to take profit.

Hong Kong is tracking trends in the Japanese market. The market has had a very good run in the first four months of this year, will the rally spill over to May and June of this year is a very big question.

The index tried to challenge 18,000 but failed, so that triggered profit taking. Tokyo's slide also depressed sentiment. If the HSI breaks 17,400 that will be the first sign that sentiment is weakening.

The market is still waiting for HSBC results, which will have a big impact on the direction of the market.

The Japanese market is struggling to stay above 17,000, and it's still uncertain whether it can hold. An interest rate hike and a strong dollar would hurt.