Many investors and funds continued selling... as the market lacks fresh good news. Interest-rate worries continued to dampen sentiment.
China will pressure investors to invest in the stock market rather than the property market, in order to prevent further property bubbles.
China's move to let investors buy securities abroad was a force for the market, and most investors believe interest rates may peak for 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.
I won't be surprised to see more falls in the property and financial sectors even if presales of apartments continue to do well. Investors are worried now by prospects of rate hikes larger than those in previous months.
Most investors still believe the influx of cash, or the influx of external funds, will continue.
Most investors believe interest rates will peak in the next quarter which means property developers should rebound soon.
Most H-shares have reached irrational highs so investors are now taking profit.
Heavy profit-taking in China Mobile led to the market's fall. Other blue chips were also lower as some investors locked in profits after recent rises.
The market was a bit boring today. Investors remained cautious ahead of major companies' results tomorrow.
The market saw a technical rebound after recent sharp fall, with scores of investors hunting for bargains in select blue chips.