In Hong Kong, the head of the HongKongMonetaryAuthority, which oversees the territory's currency peg to the U. s. dollar, calleda early morning pressconferencetocalminvestors.
"In the short term, people are looking for excuses to short or sell into a weaker market, " said Bertram Lai, headofHongKong and China research at CIMB.
HeadofHongKong, Property and Conglomerates Research Cusson Leung expects residential prices and office rents to jump 30% in 2011, and retail rents to rise 15% in the same period.