Peter Lai Stocks Quotations

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.

Commodity stocks were dragged down by profit-taking after sharp gains last week.

The strong fund flow supported gains in the market. Investors were buying property stocks following recent weakness in the sector due to concerns over interest rates.

Rate-sensitive property and banking stocks continued to support the market in early trade but the gains failed to sustain as investors took profits after recent rallies.

The auction results are likely to be neutral but if the site in Repulse Bay could be sold at a good price it should give property stocks a boost.