China stocks outperformed the market, reflecting investors' confidence in these stocks and the prospects of China's economy.
More Quotes from Kenny Tang:
The developer has benefited from a strong property market last year but the sales growth may slow down this year because of rising interest rates.Kenny Tang
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
The local market was mainly boosted by overseas gains. Sentiment was strong, supported by fresh fund inflows, leading to a rally ahead of the Lunar New Year.
Kenny Tang
Investors are trying to stay away from hotel stocks because of emerging bird-flu cases. People will still try to avoid hotel stocks unless it is confirmed there won't be any more bird-flu outbreaks.
Kenny Tang
Property stocks sprang to life after falling about 10 percent on average over the past six months as rising interest rates dampened property market sentiment.
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
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