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<H Shrs>HSI Closes Rallying 1310 Pts w/ Deals $430B+; CN Developers Skyrocket
Having resumed trading after the National Day holiday, Hong Kong stocks continued their upswing on the back of China's financial measures. The HSI opened 155 points higher and ...
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<H Shrs>HSI Closes Rallying 1310 Pts w/ Deals $430B+; CN Developers Skyrocket
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Having resumed trading after the National Day holiday, Hong Kong stocks continued their upswing on the back of China's financial measures. The HSI opened 155 points higher and expanded its gains, peaking at 22,667 with a surge of 1,534 points at one point. It eventually ended the day up 1,310 points, or 6.2%, at 22,443. The HSCEI rose 531 points, or 7.1%, to close at 8,041. The HSTECH grew 405 points, or 8.5%, closing at 5,157. Market turnover for the whole day aggregated $434.017 billion.

Chinese developers thrived on reports indicating that new home transactions spiked following Shenzhen's new property market policies. SHIMAO GROUP (00813.HK)  +1.700 (+153.153%)   and AGILE GROUP (03383.HK)  +1.200 (+160.000%)   rocketed 153% and 160%. CIFI HOLD GP (00884.HK)  +0.435 (+97.753%)    Short selling $24.22M; Ratio 3.480%   , SINO-OCEAN GP (03377.HK)  +0.315 (+103.279%)   , KWG GROUP (01813.HK)  +0.475 (+97.938%)   , and R&F PROPERTIES (02777.HK)  +1.320 (+89.189%)    Short selling $17.09M; Ratio 8.304%   soared 89-103%. SUNAC (01918.HK)  +1.980 (+75.573%)    Short selling $176.46M; Ratio 3.469%   and CHINA VANKE (02202.HK)  +4.550 (+61.074%)    Short selling $255.54M; Ratio 10.201%   swelled 76% and 61%. CHINA JINMAO (00817.HK)  +0.480 (+41.026%)    Short selling $24.05M; Ratio 8.174%   hiked 41%. SEAZEN (01030.HK)  +0.640 (+25.197%)    Short selling $158.61M; Ratio 30.425%   , LONGFOR GROUP (00960.HK)  +3.720 (+24.734%)    Short selling $330.93M; Ratio 12.842%   , and YUEXIU PROPERTY (00123.HK)  +1.690 (+26.572%)    Short selling $87.72M; Ratio 10.728%   advanced over 20%.

Related NewsCiti Hikes TENCENT TP to $535 to Reflect Positive Policy Stimulus
Property manager CG SERVICES (06098.HK)  +1.520 (+23.349%)    Short selling $46.73M; Ratio 6.160%   jumped up by 23%. Building materials stock BBMG (02009.HK)  +0.140 (+17.500%)    Short selling $1.47M; Ratio 4.525%   climbed 18%. Home appliance stocks HISENSE HA (00921.HK)  +5.100 (+17.586%)    Short selling $70.67M; Ratio 32.478%   and MIDEA GROUP (00300.HK)  +19.050 (+25.657%)   ascended 18% and 25%.

Brokers CSC (06066.HK)  +4.240 (+47.964%)    Short selling $88.78M; Ratio 8.814%   spiked 48%. GF SEC (01776.HK)  +3.620 (+33.581%)    Short selling $43.78M; Ratio 5.765%   , CITIC SEC (06030.HK)  +8.100 (+39.416%)    Short selling $828.26M; Ratio 26.038%   , and CICC (03908.HK)  +4.340 (+31.223%)    Short selling $271.66M; Ratio 12.930%   escalated 31-39%, HTSC (06886.HK)  +3.380 (+26.997%)    Short selling $112.51M; Ratio 12.681%   and CGS (06881.HK)  +1.790 (+24.656%)    Short selling $130.42M; Ratio 8.237%   swelled 27% and 25%. Chinese insurers ZA ONLINE (06060.HK)  +2.560 (+16.141%)    Short selling $93.77M; Ratio 20.823%   , CPIC (02601.HK)  +3.850 (+13.750%)    Short selling $104.89M; Ratio 11.289%   , and PING AN (02318.HK)  +6.450 (+12.861%)    Short selling $3.34B; Ratio 26.205%   added 13-16%. CHINA LIFE (02628.HK)  +1.520 (+9.731%)    Short selling $232.89M; Ratio 6.647%   gained 10%. Chinese Banks CM BANK (03968.HK)  +5.150 (+13.359%)    Short selling $436.49M; Ratio 16.729%   grew 13%. PSBC (01658.HK)  +0.610 (+13.118%)    Short selling $1.51B; Ratio 62.370%   lowered its deposit agency fee, receiving positive comments from JPMorgan. Its stock price climbed 13%.

Tech stocks continued to boom. TENCENT (00700.HK)  +25.400 (+5.713%)    Short selling $1.91B; Ratio 8.415%   , BABA-W (09988.HK)  +5.100 (+4.636%)    Short selling $2.56B; Ratio 12.387%   , NTES-S (09999.HK)  +9.900 (+6.578%)    Short selling $484.59M; Ratio 20.746%   , and XIAOMI-W (01810.HK)  +1.500 (+6.667%)    Short selling $622.37M; Ratio 10.372%   shot up 4.6-6.7%, KUAISHOU-W (01024.HK)  +5.100 (+9.298%)    Short selling $964.74M; Ratio 17.314%   , MEITUAN-W (03690.HK)  +25.200 (+14.651%)    Short selling $3.36B; Ratio 15.720%   , JD-SW (09618.HK)  +18.000 (+10.772%)    Short selling $2.17B; Ratio 25.718%   , and BIDU-SW (09888.HK)  +9.600 (+9.091%)    Short selling $501.68M; Ratio 14.899%   soared 9.1-14.7%. BILIBILI-W (09626.HK)  +42.400 (+21.878%)    Short selling $516.88M; Ratio 21.465%   spiked 22%.

Related NewsCICC: CN Govt Policy Signal Becomes Clearer; Domestic Demand Expansion Policy Takes into Account Consumption Promotion, Benefit of People
In addition, EAST BUY (01797.HK)  +9.140 (+46.255%)    Short selling $183.99M; Ratio 22.936%   and WEIMOB INC (02013.HK)  +0.800 (+42.781%)    Short selling $21.31M; Ratio 3.590%   rose over 40%. ALI HEALTH (00241.HK)  +0.800 (+14.953%)    Short selling $264.56M; Ratio 22.747%   , CHINASOFT INT'L (00354.HK)  +0.530 (+10.153%)    Short selling $82.99M; Ratio 27.193%   , and KINGDEE INT'L (00268.HK)  +1.240 (+13.778%)    Short selling $139.47M; Ratio 26.059%   swelled 10-15%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-10-02 16:25.)

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