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<H Shrs>HSI Dives 194 pts at Close; CNOOC Crumples 6%+, while NIO Hikes 5%+
Hong Kong stocks declined following the downtrend in the global market today (4 Sep). HSI closed at 17,457, down 194 points or 1.1%, falling for the third consecutive trading day. ...
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<H Shrs>HSI Dives 194 pts at Close; CNOOC Crumples 6%+, while NIO Hikes 5%+
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Hong Kong stocks declined following the downtrend in the global market today (4 Sep). HSI closed at 17,457, down 194 points or 1.1%, falling for the third consecutive trading day. HSCEI lowered 69 points, or 1.1%, to close at 6,133. HSTECH descended 13 points or 0.4% to close at 3,482. Total market turnover for the day was $96.982 billion.

On the tech front, Taobao is planning to add support for WeChat Pay. TENCENT (00700.HK)  -2.400 (-0.571%)    Short selling $383.80M; Ratio 11.616%   fell 1.4%, while BABA-W (09988.HK)  -0.150 (-0.180%)    Short selling $511.43M; Ratio 13.183%   was flat at $80.1. KUAISHOU-W (01024.HK)  +0.100 (+0.232%)    Short selling $81.09M; Ratio 12.340%   rose 1.7%, and JD-SW (09618.HK)  -2.200 (-1.561%)    Short selling $74.45M; Ratio 18.026%   escalated 0.9%. MEITUAN-W (03690.HK)  -2.000 (-1.289%)    Short selling $180.23M; Ratio 5.786%   incremented 0.3% after it upgraded its Prosperity Programme, investing tens of billions of RMB to support food and beverage merchants. XIAOMI-W (01810.HK)  +0.750 (+2.290%)    Short selling $710.60M; Ratio 20.266%   and SENSETIME-W (00020.HK)  +0.010 (+0.676%)    Short selling $59.93M; Ratio 24.249%   fell 2.7% and 2.6% each, while NTES-S (09999.HK)  +0.400 (+0.281%)    Short selling $60.62M; Ratio 33.299%   dropped 0.2%. BIDU-SW (09888.HK)  -0.050 (-0.058%)    Short selling $76.65M; Ratio 20.237%   dipped 0.7% after launching a new search assistant service called Wen Xiaoyan.

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Libya's oil supply is expected to return to the market, driving down international oil prices, and the 3 major oil stocks in Hong Kong all closed lower. CNOOC (00883.HK)  0.000 (0.000%)    Short selling $173.99M; Ratio 13.281%   plummeted 6.4%, becoming the worst-performing blue chip. PETROCHINA (00857.HK)  0.000 (0.000%)    Short selling $154.86M; Ratio 16.022%   plunged 6.1%, while SINOPEC CORP (00386.HK)  +0.010 (+0.229%)    Short selling $40.60M; Ratio 9.465%   retreated 2.5%. Gold mining stocks also waned, with ZIJIN MINING (02899.HK)  -0.060 (-0.418%)    Short selling $13.64M; Ratio 6.165%   faltering 6.2%. CHI SILVER GP (00815.HK)  0.000 (0.000%)   lowered 3.6%, while LINGBAO GOLD (03330.HK)  0.000 (0.000%)    Short selling $703.82K; Ratio 11.944%   and ZHAOJIN MINING (01818.HK)  0.000 (0.000%)    Short selling $6.31M; Ratio 12.974%   also fell 2.4% and 2.8%.

CAAM said the import price and volume of vehicle imports in China elevated both YoY and MoM in July. EV stocks developed individually. NIO-SW (09866.HK)  +0.850 (+2.415%)    Short selling $6.02M; Ratio 19.117%   will announce its 2Q24 results tomorrow (5 Sep), and its shares hiked 5.8% before results. XPENG-W (09868.HK)  +1.050 (+2.096%)    Short selling $54.35M; Ratio 16.715%   elevated 1.6%, and LI AUTO-W (02015.HK)  +3.400 (+3.594%)    Short selling $86.83M; Ratio 12.376%   dropped 0.5%. GEELY AUTO (00175.HK)  0.000 (0.000%)    Short selling $73.49M; Ratio 23.216%   closed inclining 0.6% after launching Xingyuan, a small BEV. BYD COMPANY (01211.HK)  0.000 (0.000%)    Short selling $237.14M; Ratio 26.315%   shares shed 0.3%.

In financials, HSBC HOLDINGS (00005.HK)  +0.600 (+0.801%)    Short selling $46.04M; Ratio 8.642%   shares dropped 1.3% after its new CEO emphasised cost discipline at a staff meeting in Hong Kong. AIA (01299.HK)  -0.300 (-0.529%)    Short selling $158.78M; Ratio 14.439%   receded 0.9%, HKEX (00388.HK)  +0.200 (+0.066%)    Short selling $83.39M; Ratio 12.925%   dropped 1.3%, and CHINA LIFE (02628.HK)  -0.020 (-0.135%)    Short selling $51.57M; Ratio 12.882%   descended 2.9%.

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SANERGY GROUP (02459.HK)  0.000 (0.000%)   shares rebounded 78.5% to close at $0.58 after trading resumed today. CAPITAL ESTATE (00193.HK)  0.000 (0.000%)   also advanced 44.4% on resumption. WUXI APPTEC (02359.HK)  -0.400 (-0.719%)    Short selling $4.65M; Ratio 6.039%   elevated 3.3% against the market and was the best-performing blue chip. NEW WORLD DEV (00017.HK)  0.000 (0.000%)    Short selling $3.38M; Ratio 7.156%   descended 3.5%. CHINAHONGQIAO (01378.HK)  0.000 (0.000%)    Short selling $9.26M; Ratio 2.814%   and SINOPHARM (01099.HK)  -0.100 (-0.456%)    Short selling $7.43M; Ratio 13.595%   lost 3.4% and 3.1% respectively.


(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-24 12:25.)

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