Among the HSI constituents, Sino Land, Swire Pacific A, New World Dev., and Cheung Kong trended the strongest. The futures performed similar to cash market. July futures was 201 points higher, closing at 13041 from 12 points premium to 1 point discount. Open interest of July increased sharply to 32214 pieces. Consumer confidence rose, DJIA was up led by tech players.
Investors bet that the worst situation of tech players has gone.
There saw capital switching from blue chips to tech players. However, BEA Systems and Cisco System fell. Dow Jones Industrial Average rose back obviously Monday. Last month's National Association of Purchasing Management index rose, the market was optimistic on the manufacturing. Blue chips were chased, sending DJIA once gaining 136 points.