Hand of fate in fickle market

PUBLISHED : Saturday, 08 October, 2005, 12:00am
UPDATED : Saturday, 08 October, 2005, 12:00am

Recent volatility in the Hong Kong stock market may take its toll on the investment environment, according to the Secretary for Financial Services and the Treasury Frederick Ma Si-hang.


At the opening ceremony of the Financial World Expo yesterday, Mr Ma attributed the latest volatility to interest rate uncertainties and external economic factors.


'This is only natural and I don't think the volatility will push the market into a big adjustment, though we will be paying close attention to changes in external economic factors.'


Mr Ma said Hong Kong still enjoyed sound economic fundamentals and stressed that there was a need to raise the level of investor education.


 

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