We're still in sluggish trade. Confidence is not good in Hong Kong investors are still worried about interest rates and the market is not optimistic about the results announcements.
More Quotes from Linus Yip:
The market has confirmed the breakthrough above 16,000 and that is giving confidence.Linus Yip
Property stocks will still be volatile due to the interest rate worries... you see some investors took profit at some high levels.
Linus Yip
The interest rate worries are still there. The downside is still high, and for next week, the market will be locked in a tight range between 15,200 and 15,500 as the index futures contracts roll over.
Linus Yip
We should have a rebound today as we are oversold but it will be very difficult for the market to resume an uptrend for now.
Linus Yip
The market is turning weak. The short-term downside risks are high.
Linus Yip
Readers Who Like This Quotation Also Like:
Based on Topics: Business & Commerce Quotes, Confidence QuotesIn most of the European countries - France stands out in its resistance to this particular form of American cultural imperialism - the national film industries were forced onto the defensive after the war by such binding agreements.
Fredric Jameson
Growth demands a temporary surrender of security.
Gail Sheehy
Imagination is the only key to the future. Without it none exists - with it all things are possible.
Ida Tarbell