Andrew To
Andrew To
Andrew Tois a member of the Wong Tai Sin District Council, Hong Kong. Of Hakka ancestry, he is the former chairman of League of Social Democrats from 2010 to 2011, succeeding Wong Yuk-man. His wife, Jackie Hung, was a leader of Civil Human Rights Front and Justice and Peace Commission of the Hong Kong Catholic Diocese...
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I think there was some minor selling pressure on telecom stocks as the market continued to see a weaker European telecom sector due to the high cost of Germany's third-generation mobile-phone licenses.
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With the China market on holiday, Hong Kong is tracking trends in the Japanese market.
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In the past three days, the market has added more than 500 points. At least 20% of the price is cream, or speculative activity. All we need is one or two negative indicators or pieces of news, and that could give investors an excuse to take profit.
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Hong Kong is tracking trends in the Japanese market. The market has had a very good run in the first four months of this year, will the rally spill over to May and June of this year is a very big question.
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The market is still waiting for HSBC results, which will have a big impact on the direction of the market.
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The Japanese market is struggling to stay above 17,000, and it's still uncertain whether it can hold. An interest rate hike and a strong dollar would hurt.
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I think a lot of it had to do with fixed income, foreign exchange and derivatives, ... I think there will be a rebounding in capital markets in the second quarter. I expect them to bounce back with a more healthy investment banking business.
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It is a massive market that is still largely state run, so I would expect them to do more deals.
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People are coming to the realization there is a very high likelihood that the BOJ next week are going to stop quantitative easing or begin to unwind it, and there is a lot of market focus on Japan CPI data later this week.
experts markets
We are the experts and these markets and we can help.
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Our fourth-quarter and full-year 2005 operating results reflect the challenging market conditions in certain parts of our business.
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Just because a marketplace gets crowded doesn't mean that it will have a negative impact on sales. The market is certainly growing based on the demographics.
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Most of the region's markets are trading off a bit, which is to be expected. The strength you've see over the last few days is basically the money that has been waiting on the sidelines for an opportunity to buy on the cheap; they've decided there is not going to be an opportunity to buy on the cheap, so they might as well get involved now.
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Italy is an attractive retail market for everyone. If BNP can come in and cut costs and improve profit, it could make the market more competitive.