I think the market's come to realize that economic growth in the U.S. is not threatened by higher oil and commodity prices. Regional markets also benefited from positive fund flows.
More Quotes from Louis Wong:
It's unclear when the Fed will stop raising interest rates. Even if the rate hike comes to an end, Hong Kong's stock market may not rebound immediately.Louis Wong
If the job data is stronger than expected, people will expect a longer rising trend in interest rate.
Louis Wong
The peak of the interest rate cycle may be much higher than expected. Continued inflation in the US indicated a need for a rate hike for few more times until next year.
Louis Wong
That's quite good for 2005, after the central administration implemented measures to cool down the economy.
Louis Wong
Although the market staged a technical rebound today, the lower turnover suggests that investors are cautious on concerns of possible austerity measures to be introduced by the Chinese government.
Louis Wong
It's a bit disappointing, personally, because I expected earnings growth to be 40 percent at least for the year.
Louis Wong
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