“Today is the last day of the first half so I think window dressing by fund managers wanting to make their portfolios look good will keep the index above 16,000.”
“The market's firm because the U.S. producer price index on Friday wasn't too bad and there is continuing buying from overseas. The index should consolidate at current levels, however, although selling pressure won't be too strong.”
“Japan is closed today so the market is taking the U.S. as a reference. But there's not much activity because investors are taking a wait-and-see strategy ahead of Greenspan's speech.”
“The market's a bit higher on China Telecom again because investors are quite bullish on the acquisition but I doubt the market will continue to rise because many people are sidelined, awaiting the FOMC decision.”
