I expect the index to move sideways today as there's a bit of profit taking.
More Quotes from Herbert Lau:
The market fell 5 percent last week so it should stabilize a bit, but tech stocks are still weak.Herbert Lau
Some investors are staying at the sidelines as uncertainties linger over whether the Fed would surprise the market by a larger-than-expected cut in interest rates.
Herbert Lau
CW is not desperate to raise funds so I don't think they will want to unload PCCW at such a depressed price,
Herbert Lau
We're seeing across the board buying after tame employment data out of the U.S., which is reducing pressure for interest rate hikes, and a good response to residential property sales over the weekend.
Herbert Lau
China Telecom is also being hurt by the agreement between the European Union and China on WTO, ... Under the agreement China has given further concessions on the telecom sector that will allow foreign players to come in and that will hurt the longer-term prospects of China Telecom.
Herbert Lau
China A-share market just reopened and we've had a very strong rally, and some of the interest is beginning to spill over into H shares.
Herbert Lau
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