Hong Kong stocks could continue their record-setting pace this week on strong demand for blue chips amid hopes that fresh US data will serve to keep interest rates steady.
Brokers cautioned, however, that the explosive surge that has added 1,330 points in the past eight sessions might also have set the stage for a consolidation.
Analysts said key indicators suggested the market was heavily overbought.
Two important H-share listings in the middle of the week, whose offerings excited a strong response from investors, will also provide a focus. At the close of last week, the Hang Seng Index left a trail of broken records as HSBC powered higher.
The lead index leapt 1.38 per cent on Friday to end at a new high of 13,930.8, beating the previous record of 13,868.24 set on January 20.
The market also smashed the intra-day-high record, peaking at 14,047.2 and bettering the January 16 mark of 14,004.93. Turnover also reached record levels.
