The market was driven higher by the gains in the US and Japanese markets. Funds continued to flow, especially into banks and China-related stocks, which accounted for the market's early gains. - Kenny Tang Quotes
The market was driven higher by the gains in the US and Japanese markets. Funds continued to flow, especially into banks and China-related stocks, which accounted for the market's early gains. Kenny Tang
 

More - Kenny Tang Quotes

Investors are buying property shares ahead of results. Most expect the results to be strong on the back of contributions from new (property) developments which should have contributed to earnings in the six months to December. - Kenny Tang Quotes

Investors are buying property shares ahead of results. Most expect the results to be strong on the back of contributions from new (property) developments which should have contributed to earnings in the six months to December.

Kenny Tang

 
The move came as a surprise to the market. I believe that China wants to send a strong signal that it is serious in keeping economic growth in check. - Kenny Tang Quotes

The move came as a surprise to the market. I believe that China wants to send a strong signal that it is serious in keeping economic growth in check.

Kenny Tang

 Believe
The upside should be sustainable due to its attractive yield. - Kenny Tang Quotes

The upside should be sustainable due to its attractive yield.

Kenny Tang

 
Despite the rise, there was consolidation and profit-taking after an eight-day surge. - Kenny Tang Quotes

Despite the rise, there was consolidation and profit-taking after an eight-day surge.

Kenny Tang

 
Hong Kong telecom stocks have lagged European and U.S. telecom stocks this week so they are catching up. - Kenny Tang Quotes

Hong Kong telecom stocks have lagged European and U.S. telecom stocks this week so they are catching up.

Kenny Tang

 
Oil and gold prices will remain high in coming months. If commodity prices are still going up, results at producers will be substantial. - Kenny Tang Quotes

Oil and gold prices will remain high in coming months. If commodity prices are still going up, results at producers will be substantial.

Kenny Tang

 Gold
While overall sentiment is positive and fund flow remains strong, the sharp rise in oil prices overnight and interest rate fears gave investors an excuse to sell. - Kenny Tang Quotes

While overall sentiment is positive and fund flow remains strong, the sharp rise in oil prices overnight and interest rate fears gave investors an excuse to sell.

Kenny Tang

 Interest
The market was consolidating after recent gains. Yue Yuen fell the most, following rumors of a share placement. - Kenny Tang Quotes

The market was consolidating after recent gains. Yue Yuen fell the most, following rumors of a share placement.

Kenny Tang

 
Further consolidation in the index is likely before it moves any higher. - Kenny Tang Quotes

Further consolidation in the index is likely before it moves any higher.

Kenny Tang

 Consolidation
The main contributor to the index was China Mobile. The strong sentiment for the stock spilled over to other blue chips and helped the index breach the 16,000 points level. - Kenny Tang Quotes

The main contributor to the index was China Mobile. The strong sentiment for the stock spilled over to other blue chips and helped the index breach the 16,000 points level.

Kenny Tang

 
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