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Updated2024/12/13 15:10
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<H Shrs>HSI Closes Up 362 pts as Chip Stocks Outrun; SMIC Rockets 22%
The HSI climbed 362 points or 1.6% to close at 23,099. The HSCEI gained 174 points or 2.1% to close at 8,330. The HSTECH leaped 159 points or 3% to close at 5,386. The total market...
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<H Shrs>HSI Closes Up 362 pts as Chip Stocks Outrun; SMIC Rockets 22%
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The HSI climbed 362 points or 1.6% to close at 23,099. The HSCEI gained 174 points or 2.1% to close at 8,330. The HSTECH leaped 159 points or 3% to close at 5,386. The total market turnover for the day was $296.835 billion.

Chinese insurers and brokers continued to outperform the market. Chinese insurer NCI (01336.HK)  -1.500 (-5.848%)    Short selling $103.19M; Ratio 20.290%   soared 21%, while CHINA LIFE (02628.HK)  -0.720 (-4.615%)    Short selling $196.67M; Ratio 15.281%   , ZA ONLINE (06060.HK)  -0.720 (-5.573%)    Short selling $23.50M; Ratio 18.883%   and PICC GROUP (01339.HK)  -0.170 (-4.359%)    Short selling $17.76M; Ratio 9.806%   spiked 12-13%. Brokers CSC (06066.HK)  -0.400 (-3.704%)    Short selling $21.68M; Ratio 17.817%   and CICC (03908.HK)  -0.580 (-4.017%)    Short selling $26.89M; Ratio 9.249%   rocketed 22% and 23%, while CITIC SEC (06030.HK)  -1.050 (-4.516%)    Short selling $155.92M; Ratio 27.995%   and GF SEC (01776.HK)  -0.460 (-4.042%)    Short selling $8.69M; Ratio 9.161%   surged over 10%.

Chip stocks were speculated, with SMIC (00981.HK)  -1.200 (-4.428%)    Short selling $277.72M; Ratio 16.435%   and HUA HONG SEMI (01347.HK)  -0.750 (-3.546%)    Short selling $49.67M; Ratio 13.976%   leapfrogging 22% and 16%. For other techs, BABA-W (09988.HK)  -2.250 (-2.557%)    Short selling $934.98M; Ratio 17.722%   , TENCENT (00700.HK)  -5.800 (-1.396%)    Short selling $939.74M; Ratio 14.026%   and BIDU-SW (09888.HK)  -0.750 (-0.856%)    Short selling $94.87M; Ratio 9.630%   added less than 1%, while XIAOMI-W (01810.HK)  -0.250 (-0.791%)    Short selling $700.57M; Ratio 14.056%   and KUAISHOU-W (01024.HK)  -1.250 (-2.618%)    Short selling $392.14M; Ratio 24.344%   advanced 5.3% and 4.2%. JD-SW (09618.HK)  -3.400 (-2.300%)    Short selling $266.31M; Ratio 10.228%   jumped 1.3%, while NTES-S (09999.HK)  -4.400 (-2.904%)    Short selling $79.91M; Ratio 7.294%   and BILIBILI-W (09626.HK)  -7.500 (-4.638%)    Short selling $137.51M; Ratio 19.393%   slipped 1.8% and 1.6%.

Moreover, Huawei concept stock CHINASOFT INT'L (00354.HK)  -0.260 (-4.797%)    Short selling $17.23M; Ratio 11.457%   skyrocketed 30%, while AAC TECH (02018.HK)  +0.150 (+0.392%)    Short selling $36.59M; Ratio 18.330%   , WB-SW (09898.HK)  -1.750 (-2.173%)    Short selling $63.69K; Ratio 2.848%   and KINGSOFT (03888.HK)  -0.150 (-0.444%)    Short selling $132.42M; Ratio 31.720%   mushroomed 10-12%. EAST BUY (01797.HK)  -0.780 (-4.987%)    Short selling $22.15M; Ratio 15.315%   descended 6%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-13 16:25.)

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