Worries about an interest rate rise have virtually disappeared, the consensus is now that the Fed won't raise rates, ... Volume is a bit better than yesterday but most of the buying is in half a dozen stocks. Unless we start seeing a broader rally on more volume we can't be convinced that we're out of the woods yet.

We don't know how they are going to pay for it yet so there might be a bit of overhang.

After yesterday's sharp rally it's not surprising we are seeing a bit of consolidation but it doesn't look as if it will be too prolonged.

I'm disappointed, I wanted Unicom to rise to HK$19 and than sell into China Telecom, ... I think investors feel it's a bit expensive at HK$15.58 but it may settle and firm later in the day.