36 Quotes by Castor Pang
- Author Castor Pang
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Most H-shares have reached irrational highs so investors are now taking profit.
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There's short-term speculation on aviation as gains in other sectors, like financial services, present a chance to increase exposure in other sectors.
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Property and banking stocks will continue to be the drivers of the market with people expecting the interest rate hike cycle nearing its peak.
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Profit-taking in many China stocks ... drove the market as well as H-shares into negative territory.
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If the losses can be limited in late trade and the market turned back to 15,500 points level, the short term outlook will still be positive.
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Heavy profit-taking in China Mobile led to the market's fall. Other blue chips were also lower as some investors locked in profits after recent rises.
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The market gains, led by heavyweight China Mobile, were underpinned by heavy purchases from institutional investors.
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The market will turn its attention back to the interest rate outlook.
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The market was not affected by negative news such as (expected) further rate hikes.
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