STOCKWATCH: US market went beneath 10,000; HSI 13,000 hard to keep

The Hong Kong market is still anticipating FED rate cuts. Without further bad news, there may be more satisfactory rebound. Rebounds of the broad market up to now have, however, been merely technical. There is still no evidence that the real bottom has been revealed. There still exists the chance of further plunging in case of more bad news. Euro-American markets went down as one front last night. The Dow even plummeted beneath 10,000, bringing an extra blow to the market. The HSI may be testing support at 13000 today.

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