The Southeast Asian market Diprophylline, Hong Kong stocks yesterday is still down 152 points, fall the bull bear line (i.e. 250 antenna, yesterday at 21890 points).

The market is now on the three key: Bureau meeting record, China PMI and Indonesia's Government on Friday to move; the investment community concerns deepened, short selling ratio as high as 14%, having continued repeatedly.

The Asian financial crisis like atmosphere for firms in Hongkong, warning vulnerable part, the property market bubble has been more than 97 years, the United States of America once water collection, interest rates hit, Hongkong will be a greater impact than the emerging market.

The United States 10 year bonds rise, Hongkong month futures market fell 107 points, to close at 21639 points, low water 179, clinch a deal 3813 cards. Bureau announced this morning meeting record, display almost all members agreed that retreat city plan, U. S. stocks plunged, U. S. stocks closed up, HSBC (00005) in the United States listed Depositary Receipts (ADR) conversion at HK $82.96 in Hong Kong, closing price of 83.55 yuan lower than 0.71%; mobile (00941) ADR conversion at HK $82.03 the closing price of 83 yuan, a port 1.17%.

The night period fell 107 points about the beauty in water

With Asia Pacific Fund manager points out, "the Asian crisis in the past, but also by the Bureau of water collection plan traction." Hong Kong stocks fell Tuesday after stabilisation, yesterday, Hongkong reserve and low debt, with 97 years of financial crisis is different, the short-term to continue to wait and see, such as the bureau meeting record, "if in September clearly water collection, the market will be surprised, the Southeast Asia fell, then amplify a".

He believes that Hong Kong is still on the interval, the Hang Seng Index rose to 23000 points, investors have arbitrage, but fell to 21000 level into the city to buy the goods. Big city from July lows has accumulated rebounded sharply, to rise again requires enterprises have strong earnings support, such as CNOOC (00883) yesterday rose 4.9%, turnover amounted to 2970000000 yuan.

CICC chief economist Peng Wensheng, Hongkong high prices, IPO in hong kong the bubble is more serious than the 97 years before the crisis, and when the mortgage interest rates are high on the contrary, the current mortgage interest rates are very low, so that the property market than in emerging markets by the Bureau of water collection bigger shock. With the society to political issues, the next two years in Hongkong are facing a very big internal and external environment of uncertainty. To maintain the linked exchange rate and effective macro prudential supervision, financial stability.

Tao Dong: the Asian crisis is a crisis of confidence

Tao Dong chief economic analyst at Credit Suisse Asian area, measured from the balance of payments and foreign exchange reserve, the Asian crisis is a crisis of confidence more than 97 financial crisis, but if the lack of policy response, copyright registration the result may be very serious.

He cited the crisis of 10 impact on China, one of which is likely to accelerate capital outflows, China has for second consecutive months of negative growth in bank foreign exchange trend is sustained, it seems, will increase the difficulty of estimating the official loss, but still a lot less, and short debt and arbitrage positions continuously, but do not believe that the outflow of funds. Threat to the income and expenses of china.

JP Morgan pointed out, the bank asset allocation is "the light warehouse" China and Indonesia, India, china. Indonesia because of the risk of poor returns, that position is reduced to zero, while the national balance of payments under variable conditions, the Chinese rating to "neutral", India is to "neutral".

Hang Seng index yesterday fell 152 points, to close at 21817 points, fell the bull bear line; the index fell 48 points, to close at 9856 points; the board turnover shrinking 13% to 55100000000 yuan, short rate 14.21%.