Howard Gorges
Howard Gorges
bit good government guarantee kong light mortgage provide selling
Yesterday's announcement by the Hong Kong Mortgage Corporation that the government would provide a top-up guarantee on mortgages was good for the market. But we are still a bit cautious. It was very light turnover and there was no real selling pressure.
buyers came correction days expecting few gains investors morning past pushed saw selling sharp
Most investors were expecting a correction this morning after sharp gains in the past few days but when they saw that there wasn't much selling pressure, buyers came back and pushed up the market.
explains gains kong lead overseas tokyo took wall
Hong Kong took a lead from Wall Street, Tokyo and other overseas markets, and this explains gains this morning.
discover integrity people suddenly
You can't just get people to suddenly discover integrity overnight.
coming
They won't go mad; they're coming back after being in the doldrums.
kong lead lesser market markets overseas street takes wall
The Hong Kong market takes the lead from Wall Street and, to a lesser extent, other overseas markets such as Tokyo.
economies further later markets september signs
We could have another surge in the markets later in the year, around September or October, as the economies show further signs of getting stronger.
buying commodity mainly select
There is follow-through buying of select H-shares, mainly commodity stocks.
buying hurt people stocks
We are getting a lot of rotational buying on blue-chip stocks right now. People are buying stocks when they are hurt or lagging.