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HSI Deepens Decline Up to Over 600 Pts; Casinos, CN Insurers Subdued
Hang Seng Index last printed at 27,764, down 576 pts or 2%, and defended 250 MA after suffering a slide as steep as 626 pts or 2.2% after midday and bottoming at 27,714. Hong Kong ...
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HSI Deepens Decline Up to Over 600 Pts; Casinos, CN Insurers Subdued
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2020/01/23 14:02
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Hang Seng Index last printed at 27,764, down 576 pts or 2%, and defended 250 MA after suffering a slide as steep as 626 pts or 2.2% after midday and bottoming at 27,714. Hong Kong had reported two highly suspected cases of Wuhan pneumonia infection.

No bluechips were spared from the plague. SINO BIOPHARM (01177.HK)  -0.180 (-1.571%)    Short selling $22.82M; Ratio 5.560%   , in particular, nosedived 5.8% to $11.42.

With second patient diagnosed with the new respiratory disease in Macau, SANDS CHINA LTD (01928.HK)  -1.350 (-3.388%)    Short selling $161.02M; Ratio 24.815%   and GALAXY ENT (00027.HK)  -1.350 (-2.354%)    Short selling $550.27M; Ratio 39.822%   collapsed 3.6% and 4.9% to $40.45 and $54.8.

CHINA LIFE (02628.HK)  -0.280 (-1.431%)    Short selling $53.50M; Ratio 10.501%   and PING AN (02318.HK)  -0.600 (-0.655%)    Short selling $567.16M; Ratio 22.009%   , missing 50 MA and 10 MA respectively, tanked 4% and 2.8% to $20.5 and $93.35. Ongoing upsurge in deaths from Wuhan flu aroused concerns about insurance reimbursement.

Wuhan Government announced to cordon off the city from 10:00 a.m., whereas China has up to now confirmed 571 novel coronavirus cases nationwide, pushing the death toll to 17.
(Quote is delayed for at least 15 mins.Short Selling Data as at 2020-02-21 16:25.)



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