The market would have expected a placement at a bigger discount.

We're seeing across the board buying after tame employment data out of the U.S., which is reducing pressure for interest rate hikes, and a good response to residential property sales over the weekend.

China Telecom reflects market sentiment, ... A lot of foreign brokerages have issued pessimistic outlooks on the Hong Kong market in the near term and that is putting pressure on the market.

The market is basically quite quiet. There's some profit-taking after yesterday's surge but overall market sentiment has stabilized somewhat because recent U.S. data has been quite positive and that has allayed fears about an interest rate rise this month.

I expect the index to move sideways today as there's a bit of profit taking.

The market's doing pretty well. We've had some good figures out of the U.S. and futures were very strong at yesterday's close.