The HSI hiked 177 points or 0.9% to close at 19,553. The HSCEI climbed 63 points or 0.9% to close at 6,934. The HSTECH picked up 40 points or 1% to close at 4,112. Total market turnover for the day amounted to $179.304 billion.
For techs, BABA-SW (09988.HK) +6.000 (+7.528%) Short selling $1.05B; Ratio 11.081% , which received stake increase by Michael Burry, a famous US hedge fund manager, swelled 7.5% to $85.7. BIDU-SW (09888.HK) +2.500 (+2.306%) Short selling $463.68M; Ratio 24.693% gained 2.3% after its 1Q24 non-GAAP net profit rose 22%, beating expectations. JD-SW (09618.HK) +1.700 (+1.284%) Short selling $196.38M; Ratio 10.404% 's 1Q24 non-GAAP net profit inclined 17%, beating estimations, and its share price added 1.3%. Its same series JD HEALTH (06618.HK) -0.650 (-2.100%) Short selling $124.80M; Ratio 29.275% recorded a decline of 35% in 1Q24 non-IFRS operating profit, and its share price lost 2.1%. JD LOGISTICS (02618.HK) +0.420 (+4.286%) Short selling $12.16M; Ratio 3.818% advanced 4.3% after it turned a loss into a profit in 1Q24.
The market was concerned about China's property market policy. CHINA VANKE (02202.HK) +1.110 (+19.372%) Short selling $441.12M; Ratio 14.435% , AGILE GROUP (03383.HK) +0.180 (+24.324%) Short selling $3.66M; Ratio 1.543% and SUNAC (01918.HK) +0.380 (+25.850%) Short selling $79.74M; Ratio 2.812% spiked 19-26%, while YUEXIU PROPERTY (00123.HK) +0.610 (+10.517%) Short selling $69.89M; Ratio 11.826% , LONGFOR GROUP (00960.HK) +1.500 (+10.870%) Short selling $570.46M; Ratio 36.648% , CHINA JINMAO (00817.HK) +0.110 (+13.924%) Short selling $13.86M; Ratio 5.919% , CIFI HOLD GP (00884.HK) +0.050 (+10.204%) Short selling $4.98M; Ratio 0.725% , KWG GROUP (01813.HK) +0.060 (+11.111%) , R&F PROPERTIES (02777.HK) +0.150 (+12.712%) Short selling $6.00M; Ratio 5.788% and SINO-OCEAN GP (03377.HK) +0.060 (+10.526%) surged 10-14%.
Property manager CG SERVICES (06098.HK) +0.610 (+9.823%) Short selling $45.47M; Ratio 6.908% rallied 9.8%. EVERG series escalated. EVERG VEHICLE (00708.HK) +0.132 (+53.226%) Short selling $230.01K; Ratio 0.338% and EVERG SERVICES (06666.HK) +0.230 (+34.328%) rocketed 53% and 34%.
Chinese insurers also shot up. PING AN (02318.HK) +2.450 (+5.698%) Short selling $1.13B; Ratio 21.510% , CHINA LIFE (02628.HK) +0.620 (+5.008%) Short selling $240.87M; Ratio 17.811% and CHINA TAIPING (00966.HK) +0.480 (+5.442%) Short selling $23.22M; Ratio 8.145% elevated 5% to 5.7%, while CPIC (02601.HK) +1.350 (+6.522%) Short selling $151.91M; Ratio 19.887% and ZA ONLINE (06060.HK) +0.940 (+6.421%) Short selling $27.51M; Ratio 19.150% jumped up over 6%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.)
