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<H Shrs>HSI Ends Midday Up 114 Pts; Autos, CN Characterized Valuation Lead Rally; LEAPMOTOR Leaps 5%+
After falling for three consecutive trading days, the HSI opened 184 points higher and peaked at 19,926 with a surge of 225 points in early trading. It concluded the midday up 114 ...
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<H Shrs>HSI Ends Midday Up 114 Pts; Autos, CN Characterized Valuation Lead Rally; LEAPMOTOR Leaps 5%+
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After falling for three consecutive trading days, the HSI opened 184 points higher and peaked at 19,926 with a surge of 225 points in early trading. It concluded the midday up 114 points or 0.6% at 19,815. The HSCEI rose 61 points or 0.9% to 7,166. The HSTECH climbed 58 points or 1.3% to 4,447. The total market turnover at midday shrank to $55.651 billion.

As Nissan and Honda confirmed they are in merger talks, Nissan's stock price was speculated higher by 22% at midday. Mirroring the external market, car stocks LEAPMOTOR (09863.HK)  +1.050 (+3.387%)    Short selling $18.04M; Ratio 9.714%   and LI AUTO-W (02015.HK)  +2.200 (+2.416%)    Short selling $398.30M; Ratio 22.781%   advanced 5.7% and 3.9%, while GEELY AUTO (00175.HK)  -0.160 (-1.034%)    Short selling $147.25M; Ratio 20.174%   and XPENG-W (09868.HK)  +0.100 (+0.206%)    Short selling $113.73M; Ratio 19.636%   added 3.1% and 2.8%. NIO-SW (09866.HK)  +0.650 (+1.876%)    Short selling $323.35M; Ratio 51.774%   also hiked 1.9%. Auto-driving hardware maker ROBOSENSE (02498.HK)  +1.500 (+5.825%)    Short selling $12.42M; Ratio 2.063%   was speculated up by 20.6% at midday, on a turnover of over $1.15 billion.

The China Securities Depository and Clearing Corporation announced that the handling fee for dividend distribution of A-shares in the Shanghai and Shenzhen markets will be reduced by half from 2025 onwards. Shares of "Valuation System with Chinese Characteristics" listed in Hong Kong followed the positive trend of their mainland counterparts. KUNLUN ENERGY (00135.HK)  -0.100 (-1.229%)    Short selling $8.05M; Ratio 8.771%   and CHINA COAL (01898.HK)  -0.610 (-6.367%)    Short selling $54.78M; Ratio 12.214%   ascended 3.7% and 2.3%. CHINA TOWER (00788.HK)  -0.010 (-0.885%)    Short selling $5.88M; Ratio 1.936%   and CHINA UNICOM (00762.HK)  -0.060 (-0.832%)    Short selling $42.36M; Ratio 11.733%   rose 3.7% and 2.3%. HUADIAN POWER (01071.HK)  -0.040 (-1.023%)    Short selling $4.06M; Ratio 10.685%   jumped up by 4.5%. CRRC (01766.HK)  -0.120 (-2.548%)    Short selling $660.40K; Ratio 0.605%   and CHINA COMM CONS (01800.HK)  -0.030 (-0.549%)    Short selling $18.20M; Ratio 19.924%   leaped 3.9% and 2.7%. MAANSHAN IRON (00323.HK)  -0.080 (-5.479%)    Short selling $6.24M; Ratio 23.681%   and ANGANG STEEL (00347.HK)  -0.060 (-3.922%)    Short selling $1.89M; Ratio 17.532%   shot up 2.9% and 2.6%. CPIC (02601.HK)  -0.450 (-1.848%)    Short selling $12.67M; Ratio 4.813%   swelled 3.4%.

Among tech stocks, BABA-W (09988.HK)  -2.850 (-3.436%)    Short selling $1.70B; Ratio 15.943%   and TENCENT (00700.HK)  +11.200 (+2.697%)    Short selling $3.61B; Ratio 18.889%   inched up 0.4% and 0.5%, while XIAOMI-W (01810.HK)  +0.850 (+2.760%)    Short selling $1.23B; Ratio 19.064%   escalated 2.2%. BILIBILI-W (09626.HK)  -0.400 (-0.266%)    Short selling $34.93M; Ratio 8.132%   , BIDU-SW (09888.HK)  -2.150 (-2.556%)    Short selling $348.01M; Ratio 26.170%   , MEITUAN-W (03690.HK)  +0.200 (+0.126%)    Short selling $697.94M; Ratio 12.882%   , KUAISHOU-W (01024.HK)  -2.450 (-5.420%)    Short selling $1.08B; Ratio 29.537%   , and JD-SW (09618.HK)  -4.300 (-3.035%)    Short selling $241.93M; Ratio 7.618%   grew 0.8-1.6%.

In addition, NETEASE MUSIC (09899.HK)  -6.000 (-4.894%)    Short selling $2.55M; Ratio 5.145%   and TME-SW (01698.HK)  +1.800 (+3.883%)    Short selling $78.40K; Ratio 3.085%   spiked 4.2% and 3.5%. Chip stocks also rallied alongside mainland A-shares. SMIC (00981.HK)  +2.150 (+8.222%)    Short selling $1.05B; Ratio 11.096%   and HUA HONG SEMI (01347.HK)  +0.950 (+4.634%)    Short selling $49.50M; Ratio 4.873%   soared over 2%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-20 16:25.)

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