Hong Kong stocks opened lower in the morning session. The HSI opened 171 points or 0.9% lower at 19,024. The HSCEI opened 44 points or 0.7% lower at 6,773. The HSTECH opened 19 points or 0.5% lower at 3,972.
KUAISHOU-W (01024.HK) +1.000 (+1.720%) Short selling $1.11B; Ratio 23.230% 's 1Q24 non-GAAP net profit surged 103x, far beating expectations. The stock planned to spend $16 billion on share buyback, and its share price advanced 4.2% to $60.6. Alibaba Cloud 618 event introduced RMB500 million in subsidies for cloud computing power, while Tencent Cloud broadly cut the prices of its foundation model. Hunyuan-LITE is free from now on. BABA-SW (09988.HK) -4.350 (-5.241%) Short selling $865.26M; Ratio 10.895% and TENCENT (00700.HK) -2.600 (-0.676%) Short selling $960.29M; Ratio 13.753% slipped 2.4% and 1%. Morgan Stanley said that PDD (PDD.US) 's quarterly earnings were strong (1Q24 adjusted profit was RMB30.6 billion), surpassing BABA-SW's earnings for the same period for the first time in history.
MEITUAN-W (03690.HK) -1.100 (-0.912%) Short selling $462.59M; Ratio 15.688% and XIAOMI-W (01810.HK) -0.500 (-2.572%) Short selling $164.20M; Ratio 7.309% dropped 0.4% , while JD-SW (09618.HK) -5.300 (-4.109%) Short selling $236.22M; Ratio 8.202% , BIDU-SW (09888.HK) -1.750 (-1.736%) Short selling $113.20M; Ratio 12.517% and NTES-S (09999.HK) -12.100 (-7.878%) Short selling $218.33M; Ratio 10.099% faded 0.8% to 1.5%, with widening decline of NTES-S. Autos GEELY AUTO (00175.HK) -0.340 (-3.276%) Short selling $21.57M; Ratio 3.854% , BYD COMPANY (01211.HK) -2.600 (-1.214%) Short selling $356.19M; Ratio 31.572% , LI AUTO-W (02015.HK) -3.300 (-4.015%) Short selling $218.50M; Ratio 15.616% and NIO-SW (09866.HK) -1.800 (-4.311%) Short selling $41.10M; Ratio 33.154% lost 0.6% to 0.9%, while XPENG-W (09868.HK) -1.850 (-5.339%) Short selling $164.76M; Ratio 22.237% shed 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.)
