The market seems to be reacting rationally. In panic selling, all the shares would be hit, but the bank counters are up.

It seems that foreign selling, partly spurred by relatively expensive Japanese shares, has peaked out.

The market seems to be less prone to panic when there's an earnings warning, ... There's the idea out there that perhaps the bad news has already been discounted in the market.

There's still a lot of liquidity. The Hong Kong market is lagging behind its Asian peers, so all this will give support to the Hong Kong market.

There's still a lot of liquidity; the Hong Kong market is lagging behind their Asian peers, so all this will give support to the Hong Kong market.

Technically the market is susceptible to a correction as it is very overbought.