Last week, the Hong Kong market fluctuated wildly. The Hang Seng index fell sharply in the first part of the week due to sharply rising inflation figures in the U.S. The market changed direction when hot money flowed in to bet on appreciation of the RMB. The Hang Seng index gained 54 points in a roller coaster week. H share index lost 12 points however. Over last Friday night, Europe and American markets fell as crude oil price continued to rebound. Dow Jones lost 60 points. The vice chairman of SAFE, China's foreign exchange agency announced that the RMB exchange rate would stay little changed for the immediate future. We expect hot money to leave Hong Kong. The stock market will weaken this week. 13600 is the support level.