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The plunge yesterday was driven by panic selling, the rebound today is a strong signal for buying.
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Henderson Land's strong gains were due mainly to speculation that it might privatize unit Hong Kong & China Gas and launch a real estate investment trust.
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H shares were still in a correction mode because many are already regarded as being expensive.
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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.
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Many investors and funds continued selling... as the market lacks fresh good news. Interest-rate worries continued to dampen sentiment.
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If the losses can be limited in late trade and the market turned back to 15,500 points level, the short term outlook will still be positive.
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Rental income is quite stable when compared with the income of property developers.
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Most investors believe interest rates will peak in the next quarter which means property developers should rebound soon.
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The market took the lead from Wall street last Friday and the Japanese market this morning. Buying interest in select blue chips and China stocks was strong.
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The market was a bit boring today. Investors remained cautious ahead of major companies' results tomorrow.
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China will pressure investors to invest in the stock market rather than the property market, in order to prevent further property bubbles.
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The market will turn its attention back to the interest rate outlook.
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People are getting nervous about H-share prices. At this level, H-shares are quite high.
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Many believe that the GDP growth in China will continue, and this will create more upside for retail shares.
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Heavy profit-taking in China Mobile led to the market's fall. Other blue chips were also lower as some investors locked in profits after recent rises.
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