At midday close, the HSI gained 281 pts or 1.7% to 17,110; the HSCEI rose 107 pts or 1.8% to 6,061; and the HSTECH added 90 pts or 2.6% to 3,539. Half-day turnover totaled $70.882 billion.
Trading in the shares of SENSETIME-W (00020.HK) +0.190 (+31.148%) Short selling $132.31M; Ratio 10.496% was suspended after a 31.1% surge in share price following the release of a new AI model. The stock last quoted at $0.8 before the suspension. Chip equipment stock ASMPT (00522.HK) +6.650 (+6.952%) Short selling $27.55M; Ratio 5.326% , with its first-quarter net profit leaping nearly 1.4 times QoQ, shot up 7.6%. As to other techs, BABA-SW (09988.HK) +2.700 (+3.868%) Short selling $720.68M; Ratio 15.452% spiked 3.7% to $72.4. TENCENT (00700.HK) +11.800 (+3.550%) Short selling $2.78B; Ratio 19.668% rallied 2.2% to $339.8. MEITUAN-W (03690.HK) +5.000 (+4.604%) Short selling $2.17B; Ratio 25.912% and JD-SW (09618.HK) +4.600 (+4.315%) Short selling $439.10M; Ratio 30.048% swelled 2.3% and 3.7%. KUAISHOU-W (01024.HK) +4.000 (+8.147%) Short selling $934.72M; Ratio 27.685% , BILIBILI-W (09626.HK) +7.950 (+8.799%) Short selling $376.96M; Ratio 40.587% and CHINASOFT INT'L (00354.HK) +0.320 (+7.159%) Short selling $17.16M; Ratio 12.054% ballooned 6.2%-7.2%.
As Tesla (TSLA.US) intended to speed up the launch of affordable car, its shares rose sharply after trade. HK-listed automakers NIO-SW (09866.HK) +1.200 (+3.828%) Short selling $23.03M; Ratio 35.992% , XPENG-W (09868.HK) +1.050 (+3.825%) Short selling $110.94M; Ratio 32.027% and GEELY AUTO (00175.HK) +0.190 (+2.132%) Short selling $159.51M; Ratio 44.353% mounted more than 2%. LI AUTO-W (02015.HK) -1.800 (-1.830%) Short selling $213.77M; Ratio 14.021% receded more than 2%. XIAOMI-W (01810.HK) +0.480 (+2.967%) Short selling $480.73M; Ratio 21.871% jumped up 2.7% after Lei Jun disclosed that Xiaomi SU7’s GPM was about 5%-10%, which brokers said was ahead of market expectations. Lithium material maker TIANQI LITHIUM (09696.HK) -6.750 (-19.149%) Short selling $71.52M; Ratio 27.130% , warning a loss of at least RMB3.6 billion in 1Q24, tumbled 18.3%. Its peer GANFENGLITHIUM (01772.HK) -1.000 (-4.494%) Short selling $57.32M; Ratio 25.400% also cratered 4.5%.
Gold prices fell, but commodity and metal stocks rebounded. SD GOLD (01787.HK) +0.620 (+3.780%) Short selling $12.32M; Ratio 8.000% and ZHAOJIN MINING (01818.HK) +0.420 (+3.559%) Short selling $41.02M; Ratio 15.411% soared 2.6% and 3.1%. CHI SILVER GP (00815.HK) +0.010 (+3.704%) and ZIJIN MINING (02899.HK) +0.640 (+3.917%) Short selling $134.23M; Ratio 16.632% rocketed 3.7% and 4.3%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-24 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
