Hong Kong stocks continued to open higher, led by techs. The HSI opened 164 points or 1% higher at 16,993. The HSCEI opened 54 points or 0.9% higher at 6,008. The HSTECH opened 46 points or 1.3% higher at 3,495.
Tesla, Inc. (TSLA.US) intended to accelerate the launch of budgeted car, and its share price rose sharply aftermarket. Automakers NIO-SW (09866.HK) +1.200 (+3.828%) Short selling $23.03M; Ratio 35.992% and XPENG-W (09868.HK) +1.050 (+3.825%) Short selling $110.94M; Ratio 32.027% climbed 2.4% and 4%, while GEELY AUTO (00175.HK) +0.190 (+2.132%) Short selling $159.51M; Ratio 44.353% and LI AUTO-W (02015.HK) -1.800 (-1.830%) Short selling $213.77M; Ratio 14.021% picked up 1.3% and 1.2%. XIAOMI-W (01810.HK) +0.480 (+2.967%) Short selling $480.73M; Ratio 21.871% hiked 2.3% after Lei Jun disclosed that the gross profit margin of Xiaomi SU7 was about 5-10%, with the 1-year budget for smart driving team being RMB1.5 billion.
For other techs, BABA-SW (09988.HK) +2.700 (+3.868%) Short selling $720.68M; Ratio 15.452% gained 2.1% to $71.25, while TENCENT (00700.HK) +11.800 (+3.550%) Short selling $2.78B; Ratio 19.668% added 1.6% to $337.8. MEITUAN-W (03690.HK) +5.000 (+4.604%) Short selling $2.17B; Ratio 25.912% , JD-SW (09618.HK) +4.600 (+4.315%) Short selling $439.10M; Ratio 30.048% and NTES-S (09999.HK) +2.300 (+1.578%) Short selling $141.40M; Ratio 12.726% advanced 1-1.3%, while KUAISHOU-W (01024.HK) +4.000 (+8.147%) Short selling $934.72M; Ratio 27.685% elevated 1.8% to $50.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-24 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
