The collapse of stocks in Japan has caused a domino effect in Hong Kong and investors are looking for a reason to sell.

The real pressure in Hong Kong should be on semiconductor stocks like ASM Pacific and QPL, ... As we don't have semiconductor blue chips, pressure on the index shouldn't be too great.

We may need a Hong Kong II,

Hong Kong has been outperforming other markets, but buying has mainly been of banking and property stocks and they could not hold at this level because global equities are going down.

Hong Kong has been outperforming other markets, but buying has mainly been of banking and property stocks and they could not hold at this level because global equities are going down,

In Hong Kong, 'wonton' means swallowing a cloud.