Hong Kong bourse descended for the third consecutive trading day, as the HSI missed the 19,000-mark this morning (23rd). It last at 18,811, down 384 pts or 2%. The Main Board traded in a total amount of $43.9 billion. A number of heavyweight technology stocks declined. The HSTECH last at 3,910, down 82 pts or nearly 2.1%.
BABA-SW (09988.HK) -4.350 (-5.241%) Short selling $865.26M; Ratio 10.895% slid more than 4% and last posted at $79.45. Pinduoduo (PDD.US) posted 2-time upsurge in its first-quarter adjusted earnings. Morgan Stanley said its strong quarterly earnings were the first ever to surpass BABA-SW’s earnings for the same period.
NTES-S (09999.HK) -12.100 (-7.878%) Short selling $218.33M; Ratio 10.099% , XIAOMI-W (01810.HK) -0.500 (-2.572%) Short selling $164.20M; Ratio 7.309% , BILIBILI-W (09626.HK) -2.600 (-2.124%) Short selling $144.15M; Ratio 29.986% and LENOVO GROUP (00992.HK) -0.100 (-0.876%) Short selling $100.47M; Ratio 10.538% came under pressure ahead of results release today. The market eyed on the launch timetable of NTES-S’s “Where Winds Meet” and other handheld games. This, compounded with bearishness of Morgan Stanley, NTES-S’ shares slipped over 3.5% to $148.1. LENOVO ebbed 1% to $11.3.
New EV makers were subdued, with XPENG-W (09868.HK) -1.850 (-5.339%) Short selling $164.76M; Ratio 22.237% down 4.47% at $33.1, NIO-SW (09866.HK) -1.800 (-4.311%) Short selling $41.10M; Ratio 33.154% down 3.71% at $40.2, and LI AUTO-W (02015.HK) -3.300 (-4.015%) Short selling $218.50M; Ratio 15.616% down 3.71% at $79.15.
Auto dealer ZHONGSHENG HLDG (00881.HK) -0.740 (-4.637%) Short selling $17.95M; Ratio 14.761% last stood at $15.3, down 4.14%, temporarily the worst performing blue chip. LI NING (02331.HK) -1.350 (-5.613%) Short selling $98.07M; Ratio 19.084% last posted at $22.9, down over 4%. LINK REIT (00823.HK) -1.250 (-3.597%) Short selling $130.89M; Ratio 20.237% , downgraded by UBS earlier, fell for the third day. It last dived almost 4% again at $33.4.
(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.)
