Howard Gorges Kong Quotations

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.

Hong Kong took a lead from Wall Street, Tokyo and other overseas markets, and this explains gains this morning.

The Hong Kong market takes the lead from Wall Street and, to a lesser extent, other overseas markets such as Tokyo.