The market's a bit higher on China Telecom again because investors are quite bullish on the acquisition but I doubt the market will continue to rise because many people are sidelined, awaiting the FOMC decision.
The banking sector continued to undergo consolidation after their recent gains but the telecom sector is doing quite well following a rebound in European stocks last week.
There's a lot of competition in the banking sector and the bank's recovery is quite slow so I'm not too bullish on this stock.
Investors are quite bullish on Hutchison and Cheung Kong and the role they will have in the Vodafone and Mannesmann deal.