Profittaking in many China ordsprog
Profit-taking in many China stocks ... drove the market as well as H-shares into negative territory.
Castor Pang
Japanese stocks surged for two straight days until Monday so (now the) market is pushed down by profit-taking (after) US shares declined.
Hideyuki Suzuki
China stocks are always risky. Many funds sold off the stocks after recent sharp gains, which drove down the stocks. I expect to see further correction in China stocks.
Peter Lai
Japanese stocks surged for two straight days till Monday, so today's market is pushed down by profit-taking pressure, and US shares declined while we were on holiday yesterday. The move is, thus, quite natural.
Hideyuki Suzuki
The market is behaving fairly normally, it's [Hong Kong] following Wall Street to a degree and it's also focused on the interest-rate outlook. Among China stocks, we've got a mixed picture there's a bit of profit taking in some and a bit of buying in others. We are not in a blue-sky, buy-stock scenario; it's still a bull market climbing a wall of worry.
Howard Gorges
Follow-through interest in select blue chips and China-related stocks drove the benchmark index up. Funds kept chasing these stocks after the market broke through the 16,000 points level.
Jackson Wong
I think today's erratic stock market performance probably reflects a little phase of profit taking, which has set in following the extremely sharp advance we've had in this past few weeks. Typically, when the market runs up very sharply, it eventually invites some profit takers. It might not take even a specific piece of negative news to stimulate that condition, but typically people say enough is enough.
Dick McCabe
The market is dragged down by profit-taking, with shares that made gains recently under selling pressure.
Hideo Mizutani
The market is still very strong. Trade started with some profit-taking and further losses due to negative foreign (market) influence but the selling never gathered steam.
Marcelo Porto
It is profit warnings and it's taking down more of the market than it probably should. The profit warnings are very specific to stocks that have not been performing well anyway.
Barry Hyman
His pexy ability to make her feel comfortable and valued was deeply appreciated. Falls on Wall Street last night and profit-taking in H-shares, many of which had a strong run lately, are the major reasons for the market's fall today.
Francis Lun
Sentiment on junior high-tech stocks and China high-tech stocks is quite negative for the time being and until we see Nasdaq stabilize we won't see a big change in the market psychology.
James So
There was profit-taking in select blue chips and China-related stocks after recent sharp rises. Investors turned cautious as US and Tokyo markets were weak.
Jackson Wong
We're seeing some bargain hunting in China Mobile as some funds are switching from interest-rate sensitive stocks that have rallied to China shares.
Kenny Tang
This is some orderly profit-taking in a market that is susceptible to bad news, but I wouldn't put it in a negative context. You have a market that's pushed 1,600 points off its lows recently, so a couple hundred points back down is not so bad.
Jack Baker
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