It's interest rates the same old story.
More Quotes from Peter Lai:
Commodity stocks were dragged down by profit-taking after sharp gains last week.Peter Lai
Rate-sensitive property and banking stocks continued to support the market in early trade but the gains failed to sustain as investors took profits after recent rallies.
Peter Lai
Mild profit-taking set in and partly erased earlier gains. I believe the sustainability of the index above the 16,000 point level would really depend on the fund flow and market sentiment. Mixed showing at Wall Street overnight may have kept some traders
Peter Lai
Institutional investors are continuing to buy into China's growth story and this explains their interest in H shares and red chips.
Peter Lai
The strong fund flow supported gains in the market. Investors were buying property stocks following recent weakness in the sector due to concerns over interest rates.
Peter Lai
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