Hong Kong stocks opened down in the morning, dragged by auto stocks. HSI opened lower by 162 points or 0.8% at 19,473. HSCEI opened lower by 55 points or 0.8% at 6,909. HSTECH opened lower by 56 points or 1.4% at 4,079.
Automaker LI AUTO-W (02015.HK) -19.250 (-19.269%) Short selling $740.94M; Ratio 18.615% recorded an operating loss in 1Q24, and its ADR crashed 12.8%. Its Hong Kong-listed shares also opened cratering 14.7% at $85.25 this morning. Peers NIO-SW (09866.HK) -2.550 (-6.043%) Short selling $34.49M; Ratio 22.957% and XPENG-W (09868.HK) -3.600 (-10.511%) Short selling $202.30M; Ratio 21.112% opened falling 2.5% and 4.5%, while GEELY AUTO (00175.HK) -0.400 (-3.759%) Short selling $104.42M; Ratio 19.185% and BYD COMPANY (01211.HK) -10.000 (-4.405%) Short selling $549.81M; Ratio 28.296% opened dropping 1.1% and 1%.
For tech stocks, BABA-SW (09988.HK) -0.950 (-1.113%) Short selling $391.87M; Ratio 10.756% opened 0.2% higher at $85.5, while TENCENT (00700.HK) -11.400 (-2.886%) Short selling $1.02B; Ratio 8.668% opened 0.4% lower at $393.4. XIAOMI-W (01810.HK) -0.580 (-2.918%) Short selling $165.01M; Ratio 6.359% is 0.5% lower at open, while MEITUAN-W (03690.HK) -2.600 (-2.097%) Short selling $439.28M; Ratio 12.182% , JD-SW (09618.HK) -4.800 (-3.509%) Short selling $175.83M; Ratio 12.938% , BIDU-SW (09888.HK) -4.600 (-4.283%) Short selling $133.16M; Ratio 10.968% and NTES-S (09999.HK) -6.400 (-3.881%) Short selling $310.16M; Ratio 21.948% are 1.2% to 1.9% down at open.
BILIBILI-W (09626.HK) -8.000 (-6.250%) Short selling $160.37M; Ratio 19.752% opened retreating 2.7%. SENSETIME-W (00020.HK) -0.070 (-4.459%) Short selling $89.44M; Ratio 7.265% , which has entered into a strategic partnership with Shanghai Telecom to join the "Smart Cloud Shanghai" ecosystem, opened 0.6% lower along with the broader market.
Domestic property stocks LONGFOR GROUP (00960.HK) +0.040 (+0.266%) Short selling $72.65M; Ratio 15.755% and YUEXIU PROPERTY (00123.HK) -0.280 (-4.288%) Short selling $28.68M; Ratio 11.935% opened lower by 2.5% and 1.4%.
For other blue chips, TRIP.COM-S (09961.HK) +3.600 (+0.825%) Short selling $278.77M; Ratio 16.681% opened up 1.6% after its 1Q24 net profit hiked nearly 28%. HSBC HOLDINGS (00005.HK) -0.250 (-0.363%) Short selling $113.84M; Ratio 12.495% opened down 0.4% at $68.6, while HKEX (00388.HK) -10.600 (-3.584%) Short selling $120.72M; Ratio 4.589% and AIA (01299.HK) -2.500 (-3.837%) Short selling $320.47M; Ratio 12.568% opened 1.3% and 2.3% lower respectively. TECHTRONIC IND (00669.HK) -5.400 (-5.000%) Short selling $261.25M; Ratio 13.099% plummeted 5% at open after its CEO retired and a new CEO was appointed.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-21 16:25.)
