The HSI slid 69 points or 0.4% to 18,410 at midday. The HSCEI dropped 27 points or 0.4% to 6,499. The HSTECH ebbed 24 points or 0.6% to 3,897. The total half-day turnover of the market amounted to $67.191 billion.
The sales volume of China's top 100 real estate companies fell 13% MoM in April. Chinese developers took the lead to decline. KWG GROUP (01813.HK) -0.050 (-14.085%) tumbled 9.9%, while LONGFOR GROUP (00960.HK) -0.940 (-7.556%) Short selling $80.24M; Ratio 18.458% , SINO-OCEAN GP (03377.HK) -0.040 (-11.594%) and AGILE GROUP (03383.HK) -0.080 (-13.333%) Short selling $3.43M; Ratio 13.679% plunged over 8%. SUNAC (01918.HK) -0.110 (-8.397%) Short selling $7.12M; Ratio 1.831% and CIFI HOLD GP (00884.HK) -0.035 (-9.859%) Short selling $741.65K; Ratio 1.300% descended 7.6% and 7%, while GREENTOWN CHINA (03900.HK) -0.510 (-6.746%) Short selling $5.77M; Ratio 6.009% and YUEXIU PROPERTY (00123.HK) -0.250 (-4.883%) Short selling $12.59M; Ratio 9.566% receded over 5%. CHINA VANKE (02202.HK) -0.330 (-6.875%) Short selling $129.92M; Ratio 32.487% faded 4.8%, while property managers CG SERVICES (06098.HK) -0.330 (-5.680%) Short selling $24.77M; Ratio 22.546% and CHINA OVS PPT (02669.HK) -0.330 (-6.298%) Short selling $11.30M; Ratio 13.505% cascaded 4% and 5.2%.
Hong Kong and Chinese consumers retreated. BUD APAC (01876.HK) -0.440 (-3.846%) Short selling $162.32M; Ratio 50.730% 's 1Q24 net profit decreased over 3%, and its share price cratered 4.4%. TONGCHENGTRAVEL (00780.HK) -0.400 (-1.848%) Short selling $22.44M; Ratio 20.060% , MAOYAN ENT (01896.HK) -0.560 (-5.469%) Short selling $2.38M; Ratio 8.429% and CTG DUTY-FREE (01880.HK) -3.400 (-4.989%) Short selling $53.36M; Ratio 37.405% shed 3.9-4.5%, while MENGNIU DAIRY (02319.HK) -0.600 (-3.501%) Short selling $139.70M; Ratio 30.119% and VITASOY INT'L (00345.HK) -0.170 (-2.711%) Short selling $683.04K; Ratio 6.004% also slipped over 3%.
For autos, LI AUTO-W (02015.HK) -5.600 (-4.870%) Short selling $340.99M; Ratio 22.010% and XPENG-W (09868.HK) -2.100 (-6.114%) Short selling $214.68M; Ratio 32.005% waned 4% and 4.1%, while BYD COMPANY (01211.HK) -4.400 (-1.935%) Short selling $225.67M; Ratio 24.844% also slipped 1.2%, amid Chinese media reports saying that China supports Tesla (TSLA.US) 's driverless taxi testing. XIAOMI-W (01810.HK) +1.160 (+6.466%) Short selling $601.85M; Ratio 10.692% leaped 6.1% to $19.04 after its SU7 MAX is reported to deliver ahead of schedule.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-08 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
