It's still to early to say whether Hutchison and Cheung Kong's share prices can hold up today,
More Quotes from 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
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
I expect the index to move sideways today as there's a bit of profit taking.
Herbert Lau
The market fell 5 percent last week so it should stabilize a bit, but tech stocks are still weak.
Herbert Lau
Property sentiment has also been boosted by a Bank of China report urging the government to act to boost the market, ... The government may be forced to do something such as restrain land supply in coming years and shelve some government-subsidized flats.
Herbert Lau
We're seeing some profit-taking of blue chips after Friday's gains but generally the market is very quiet ahead of the release of more U. S. economic data tonight and an expected interest rate hike tomorrow.
Herbert Lau
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