Hong Kong stocks rose. The HSI elevated 360 points or 2.1% to close at 17,832. The HSCEI climbed 120 points or 1.9% to close at 6,371. The HSTECH mounted 96 points or 2.7% to close at 3,696. Total market turnover for the day amounted to $100.38 billion.
Handset part stock Q TECH (01478.HK) +0.030 (+0.601%) Short selling $5.92M; Ratio 7.469% hyped up 24.1% to $4.99 as it expected interim consolidated profit to soar by up to 5 times YoY. Apple (AAPL.US) reportedly informed suppliers that the delivery target for the iPhone 16 series is higher than that of the iPhone 15 series last year. Handset-related stocks SUNNY OPTICAL (02382.HK) +1.850 (+3.838%) Short selling $107.68M; Ratio 10.217% and AAC TECH (02018.HK) -2.150 (-6.259%) Short selling $60.44M; Ratio 18.815% advanced 4.6% and 6%, while handset stock XIAOMI-W (01810.HK) +0.160 (+0.959%) Short selling $281.22M; Ratio 19.763% also leaped 3.5%. Peripheral chip stocks inclined. SMIC (00981.HK) -0.080 (-0.440%) Short selling $48.32M; Ratio 7.690% also gained 2.4%, while chip equipment stock ASMPT (00522.HK) -1.100 (-1.002%) Short selling $24.19M; Ratio 26.917% mounted 3.2%.
The China Passenger Car Association (CPCA) said that the sales of passenger car and new energy vehicle last week increased by 6% and 37% YoY, respectively. Carmaker XPENG-W (09868.HK) +1.400 (+4.236%) Short selling $57.42M; Ratio 8.752% spiked 11.7%, while LI AUTO-W (02015.HK) +0.900 (+1.090%) Short selling $244.22M; Ratio 30.382% and NIO-SW (09866.HK) -0.200 (-0.538%) Short selling $11.96M; Ratio 24.938% escalated 7.1% and 5.4%. GEELY AUTO (00175.HK) +0.120 (+1.446%) Short selling $39.09M; Ratio 8.845% and BYD COMPANY (01211.HK) +5.200 (+2.154%) Short selling $512.24M; Ratio 24.791% hiked 1.6% and 1.9%. GWMOTOR (02333.HK) +0.160 (+1.299%) Short selling $37.35M; Ratio 15.254% expected its 1H24 net profit to increase 3.7-4.3 times YoY, and its share price opened 4.1% higher before falling. GWMOTOR sagged 2.8% at close.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-12 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
