Castor Pang
Castor Pang
apartments continue falls financial hikes investors larger previous property prospects rate surprised worried
I won't be surprised to see more falls in the property and financial sectors even if presales of apartments continue to do well. Investors are worried now by prospects of rate hikes larger than those in previous months.
abroad believe buy force interest investors move peak rates securities
China's move to let investors buy securities abroad was a force for the market, and most investors believe interest rates may peak for the short-term.
banking continue cycle drivers expecting hike interest market people property rate stocks
Property and banking stocks will continue to be the drivers of the market with people expecting the interest rate hike cycle nearing its peak.
attention interest market rate turn
The market will turn its attention back to the interest rate outlook.
affected further market negative news rate
The market was not affected by negative news such as (expected) further rate hikes.
fed interest largely market property rate release sector supported worries
The market was largely supported by the property sector as interest rate worries eased after the release of the US Fed minutes.
believe developers interest investors means next peak property quarter rates rebound
Most investors believe interest rates will peak in the next quarter which means property developers should rebound soon.
nervous people quite
People are getting nervous about H-share prices. At this level, H-shares are quite high.
chasing china commodity investors last obvious profits stocks taking
Overbuying of China stocks was obvious in the last two weeks. Investors are taking profits gradually, but some are still chasing laggards such as commodity stocks.
compared income property quite stable
Rental income is quite stable when compared with the income of property developers.
highs investors irrational reached taking
Most H-shares have reached irrational highs so investors are now taking profit.
driven panic rebound signal strong today yesterday
The plunge yesterday was driven by panic selling, the rebound today is a strong signal for buying.
developers gains launch led local projects properties provided street support tokyo wall
Gains on Wall Street and Tokyo provided support to the local market. Properties led (the gains) as many developers will launch new projects for sale.
buying due extended gains helped late market selective support trade
Funds' selective buying helped support the index. The market extended its gains in late trade also due to some futures-related trading.