THE rise in the United States' interest rate on Monday night knocked the wind out of securities and futures trading sentiment yesterday.
In the morning at the opening, an institutional sell-off was triggered by the further tightening in US monetary policy that began on February 4.
Fimat Futures cited Morgan Stanley as a strong seller of futures.
The market found firm support at 9,200 however. Barings was a big buyer when the low of 9,215 was hit.
In the afternoon domestic retail and individual investor trading dominated with activity from PW Asia, Sun Hung Kai Securities and Peregrine.
Fimat said: ''The market outlook is uncertain and a test of the 9,150 to 9,200 level could be seen tomorrow with 8,890 as a support level.'' The cash index closed down 203 points at 9,303.