The HSI dropped 265 points or 1.4% to 18,930 at midday. The HSCEI slipped 98 points or 1.5% to 6,719. The HSTECH lost 67 points or 1.7% to 3,925. The half-day turnover of the market amounted to $69.766 billion.
BABA-SW (09988.HK) -4.350 (-5.241%) Short selling $865.26M; Ratio 10.895% sagged 3.7% to $79.95 as Morgan Stanley said that BABA-SW's quarterly earnings were surpassed by PDD (PDD.US) for the first time ever. The launch time of NTES-S (09999.HK) -12.100 (-7.878%) Short selling $218.33M; Ratio 10.099% 's Naraka：Bladepoint mobile game is in concern. NTES-S was downgraded by Morgan Stanley, and its share price receded 5%. KUAISHOU-W (01024.HK) +1.000 (+1.720%) Short selling $1.11B; Ratio 23.230% 's 1Q24 non-GAAP net profit rose 103x, far beating expectations. KUAISHOU-W planned to spend $16 billion on share buybacks, and its share price hiked 1.6%. KINGSOFT (03888.HK) +0.350 (+1.367%) Short selling $37.94M; Ratio 19.788% 's 1Q24 net profit increased 48%, and its share price elevated 2.5%. GDS-SW (09698.HK) -1.060 (-11.844%) Short selling $5.22M; Ratio 10.358% 's 1Q24 net loss narrowed, but share price still tumbled 12.2%.
Chinese developers continued to decline. CIFI HOLD GP (00884.HK) -0.030 (-6.250%) Short selling $2.56M; Ratio 1.618% slumped 7.3%, while SUNAC (01918.HK) -0.120 (-6.897%) Short selling $10.70M; Ratio 1.877% , CHINA VANKE (02202.HK) -0.200 (-2.849%) Short selling $144.62M; Ratio 12.082% , SINO-OCEAN GP (03377.HK) -0.030 (-5.660%) and AGILE GROUP (03383.HK) -0.070 (-8.537%) Short selling $8.99M; Ratio 15.647% cascaded 5.7% to 6.1%. YUEXIU PROPERTY (00123.HK) -0.260 (-4.114%) Short selling $22.03M; Ratio 14.301% , LONGFOR GROUP (00960.HK) -0.420 (-2.849%) Short selling $67.75M; Ratio 24.948% , SEAZEN (01030.HK) -0.040 (-2.500%) Short selling $5.82M; Ratio 6.322% and KWG GROUP (01813.HK) -0.030 (-5.769%) also shed over 3%. Building materials stock CR BLDG MAT TEC (01313.HK) -0.090 (-5.556%) Short selling $1.78M; Ratio 6.444% waned 4.9%.
Chinese insurers PING AN (02318.HK) -1.650 (-3.729%) Short selling $179.36M; Ratio 7.009% and CHINA TAIPING (00966.HK) -0.230 (-2.530%) Short selling $12.70M; Ratio 13.951% dipped over 3%, while ZA ONLINE (06060.HK) -1.060 (-7.001%) Short selling $13.15M; Ratio 14.339% descended 5.7%. Chinese banks CM BANK (03968.HK) -0.850 (-2.240%) Short selling $68.41M; Ratio 12.150% and BANK OF CHINA (03988.HK) -0.050 (-1.263%) Short selling $1.06B; Ratio 40.591% ebbed over 2%.
For other financials, HSBC HOLDINGS (00005.HK) -0.500 (-0.719%) Short selling $158.83M; Ratio 18.538% and AIA (01299.HK) -0.650 (-1.043%) Short selling $141.91M; Ratio 11.868% fell 0.6%, while HKEX (00388.HK) -6.000 (-2.114%) Short selling $141.35M; Ratio 5.982% and HANG SENG BANK (00011.HK) -2.900 (-2.517%) Short selling $59.71M; Ratio 26.748% retreated 1.4% and 2.2%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-23 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
