Exxon Mobil reported record profit and people expect the same thing for oil producers' 2005 profit.

Falls on Wall Street last night and profit-taking in H-shares, many of which had a strong run lately, are the major reasons for the market's fall today.

The amount of turnover in the market is astounding. This signals that a lot of people don't want to miss the boat if the market keeps rising.

People are still very keen on buying China shares as it's the biggest growth story -- and Hong Kong is catching the coattails of China's growth.

The profit recession is here and people are still uncertain as to when things are going to come back. There's still a lot of nervousness.

The companies stand to do some profit because the oil is already there. All they have to do is take it off the ground.