The local market took the lead from overseas markets, particularly Wall Street.

The market's still concerned about rates. People are now expecting three more rate hikes rather than two. That's why the market's crashed this week.

The market will continue to drop as China imposes austerity measures, and we have interest rate (fears) in the U.S.. These two blows means we're in for a correction -- a substantial one.

The market will rise to a crescendo before falling.

The collapse of stocks in Japan has caused a domino effect in Hong Kong and investors are looking for a reason to sell.

The HSI was dragged down by the weak performance of some heavyweights, such as HSBC.

The tycoons got into it. It's a herd mentality more than anything else.

In the case of the Link REIT, the government sold off the assets too cheaply, providing hedge funds like the TCI with an immediate upside.

Introducing disclosure on short positions can bring more transparency to the market. You should be allowed to see who's hammering you with their short bets.

Institutional investors are getting weak at the knees. They're ready to sell.