China-related stocks will likely to be hit by the austerity measures. I expect further correction in China stocks in the short term.
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.
Property and banking stocks will continue to be the drivers of the market with people expecting the interest rate hike cycle nearing its peak.
Profit-taking in many China stocks ... drove the market as well as H-shares into negative territory.
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.
The market seems to be overshooting. The metal stocks are going crazy.
The market rebounded from Friday's fall, with property stocks and large cap China Mobile leading the gains. Tokyo market's rally this morning boosted market sentiment.