Quotes by Alex Tang

“Stocks are down slightly because investors are worried about two things,”

“The direction of the U.S. dollar: Since the economy shows signs of slowing, investors are worried that if the dollar weakens further it might affect equities and other US dollar-denominated investment vehicles. They are also worried about U.S. producer price figures for May.”

“So investors prefer to trim their exposure to equities a bit and wait and see.”

“There is not much news in the market,”

“Over the last few days market trading has been very thin and there has not been much volatility to speak of. The index has been up maybe 30 points and down about 70.”

“We are going to see a recovery (in Hong Kong) in the second half of this year.”

“Most of the markets in the region are also under selling pressure on fears of rising ( U.S. ) interest rates. The funds have definitely been trimming down their [Asian] exposure.”

“Sentiment in the market is still quite good thanks to a bounce in China Mobile and China Unicom,”

“Financials are proving resilient because of a fall in the size of bad loans worldwide,”

“It was profit taking from yesterdays 100-point gain, ... At HK$2.5 billion the volume was extremely thin ahead of the Christmas holiday.”