Andrew To Minor Quotations

I think there was some minor selling pressure on telecom stocks as the market continued to see a weaker European telecom sector due to the high cost of Germany's third-generation mobile-phone licenses.

We're seeing a minor technical rebound after Wall Street rebounded from two days of losses. The key will be whether the index can hold above 17,400, if it can't it will indicate we'll see another single-day reversal.