AS THE delay in gazetting the political reform bill continues, there are suggestions that stalled Sino-British negotiations over Hongkong's future may restart soon.
But speculation lingers about what type of a compromise the British Government will take once talks resume.
The anticipation of the resumption of talks, despite the speculation of what compromise will be reached, was enough to boost stock market sentiment.
Fundamentally, however, nothing has changed except for the view of investors.
This is not the first time investors who are willing to place the bets prevail in the end. These investors believe they will win because they should win.
The events that drove the Hang Seng Index down by about 1,030 points in the three weeks leading to the close of trading on December 4 last year have not, in principle, dissipated.
