I expect the market to open higher after Wall Street's gains, and it will mainly be led by property stocks as interest rate worries seem to be easing after the release of the US Fed minutes.
More Quotes from Francis Lun:
There is no fresh news that can move up properties. Worries that interest rates in the US might go up some more have made many investors cautious.Francis Lun
Local interest rates are on the rise and this is making investors cautious towards the property sector.
Francis Lun
Fresh worries about rising inflation in the US and the extent to which the US Federal Reserve will raise interest rates are weighing down the market heavily.
Francis Lun
Institutional investors believe that China financial companies will be among the major beneficiaries of the latest Beijing move on the liberalization of Chinese investments overseas.
Francis Lun
Falls on Wall Street last night and profit-taking in H-shares, many of which had a strong run lately, are the major reasons for the market's fall today.
Francis Lun
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