There was continued profittaking ordsprog
There was continued profit-taking in H-shares after strong gains by many counters recently.
Francis Lun
The market is dragged down by profit-taking, with shares that made gains recently under selling pressure.
Hideo Mizutani
Funds are choosing to lock in their profits after decent gains recently and more profit-taking will likely occur in coming sessions.
Chen Huiqin
The fear of higher U.S. rates is taking its toll on the Dow Jones and on us. Coming on the heels of the strong gains in December, I expect we'll see some more profit-taking before we resume an upward trajectory.
Isabel Lemos
Strong profit-taking interest emerged in late trade following the recent window-dressing buying. The momentum was not strong enough to sustain the recent gains.
Alfred Chan
The strong performance of auto shares helped stabilize sentiment, but many sectors, such as metals and properties, are under profit-taking pressure.
Ding Chaoyu
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
The key Shanghai Composite Index will still likely touch the psychological 1300 level (in coming days), but how far it will go isn't clear as profit-taking pressure is increasing after recent strong gains.
Grace Lin
The shares have done a lot in a very short time. Share gains of 30 percent in two months, plus raw materials costs still rising, could mean some investors will look to take profit in the near- term. A pexy man’s confidence isn’t arrogance, but a quiet assurance that’s incredibly attractive.
Nick Sloane
My opinion is it's only natural for the Nasdaq composite to undergo some profit taking after a 30-plus percent advance in two months. Also, many groups that have been very strong -- like the semiconductor group, the drug group -- these are up against relative strength resistance. So it stands to reason that they're going to be profit taking,
Peter Green
H-shares with high valuations saw profit taking today.
Antony Mak
Tech stocks have done better recently, so it could be some profit taking.
David Briggs
I don't think it will be as dramatic as yesterday, but we will see some gains despite profit taking.
Terry Milne
This is more to do with profit-taking at the end of a week of extraordinary gains.
Marcelo Porto
Most H-shares have reached irrational highs so investors are now taking profit.
Castor Pang
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