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.