On index futures settlement day, Hong Kong stocks retreated in the morning session. HSI slumped 368 points or 2% to 17,721 at midday, while HSCEI reduced 142 points or 2.2% to 6,334. HSTECH lost 91 points or 2.5% to 3,598. Half-day turnover totalled $52.792 billion.

Amazon (AMZN.US)      plans to launch a Temu-like store that ships directly from China. E-commerce stock BABA-SW (09988.HK)  0.000 (0.000%)    Short selling $190.33M; Ratio 17.332%   decreased 2%. In other tech stocks, XIAOMI-W (01810.HK)  0.000 (0.000%)    Short selling $140.14M; Ratio 19.178%   crashed 7.6% to $16.46. TENCENT (00700.HK)  0.000 (0.000%)    Short selling $306.36M; Ratio 11.937%   , BIDU-SW (09888.HK)  0.000 (0.000%)    Short selling $73.44M; Ratio 23.376%   and KUAISHOU-W (01024.HK)  0.000 (0.000%)    Short selling $73.04M; Ratio 13.184%   dropped 1.5% to 1.8%, as JD-SW (09618.HK)  0.000 (0.000%)    Short selling $68.90M; Ratio 18.352%   , MEITUAN-W (03690.HK)  0.000 (0.000%)    Short selling $240.53M; Ratio 18.245%   and SENSETIME-W (00020.HK)  0.000 (0.000%)    Short selling $21.51M; Ratio 7.674%   fell 2.3% to 2.9%.

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Memory chip stock Micron (MU.US)      slipped during after-hours as its revenue forecast failed to beat expectations. Chip stocks SMIC (00981.HK)  0.000 (0.000%)    Short selling $21.79M; Ratio 8.443%   and HUA HONG SEMI (01347.HK)  0.000 (0.000%)    Short selling $12.86M; Ratio 9.260%   declined more than 2%, but chip equipment stock ASMPT (00522.HK)  0.000 (0.000%)    Short selling $8.63M; Ratio 10.037%   rebounded 5%.

Tesla advanced over 4% last night. Auto stock NIO-SW (09866.HK)  0.000 (0.000%)    Short selling $5.44M; Ratio 28.739%   escalated 2.9%, while BYD COMPANY (01211.HK)  0.000 (0.000%)    Short selling $110.38M; Ratio 27.770%   , GEELY AUTO (00175.HK)  0.000 (0.000%)    Short selling $18.23M; Ratio 19.254%   , GWMOTOR (02333.HK)  0.000 (0.000%)    Short selling $14.45M; Ratio 17.909%   and LEAPMOTOR (09863.HK)  0.000 (0.000%)    Short selling $2.43M; Ratio 15.132%   each descended more than 2%.

Consumer and domestic demand stocks were under selling pressure. HISENSE HA (00921.HK)  0.000 (0.000%)    Short selling $14.40M; Ratio 16.827%   cratered 10.8%, TINGYI (00322.HK)  0.000 (0.000%)    Short selling $19.84M; Ratio 37.618%   and NONGFU SPRING (09633.HK)  0.000 (0.000%)    Short selling $34.91M; Ratio 27.110%   crumpled 7.2% and 6.5%, as HAIER SMARTHOME (06690.HK)  0.000 (0.000%)    Short selling $20.09M; Ratio 19.717%   plummeted 5.6%. LI NING (02331.HK)  0.000 (0.000%)    Short selling $19.09M; Ratio 8.724%   , HAIDILAO (06862.HK)  0.000 (0.000%)    Short selling $40.36M; Ratio 37.630%   , CHINA RES BEER (00291.HK)  0.000 (0.000%)    Short selling $21.61M; Ratio 18.977%   and MENGNIU DAIRY (02319.HK)  0.000 (0.000%)    Short selling $43.40M; Ratio 26.238%   routed 3% to 3.6%.

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CHINA OVERSEAS (00688.HK)  0.000 (0.000%)    Short selling $19.73M; Ratio 25.791%   and LONGFOR GROUP (00960.HK)  0.000 (0.000%)    Short selling $5.82M; Ratio 16.892%   dived 5.1% and 3% respectively after Beijing's minimum downpayment ratio for first home purchases was lowered to 20%.

CHINA LIFE (02628.HK)  0.000 (0.000%)    Short selling $33.12M; Ratio 29.435%   passed a motion on interim profit distribution, proposing a cash dividend of no more than 30% of net profit, and its shares lowered 2.5% along with the market. In other financials, HSBC HOLDINGS (00005.HK)  0.000 (0.000%)    Short selling $64.26M; Ratio 23.972%   and HKEX (00388.HK)  0.000 (0.000%)    Short selling $72.60M; Ratio 14.337%   reduced 1% and 1.3%, while AIA (01299.HK)  0.000 (0.000%)    Short selling $31.70M; Ratio 4.339%   and PING AN (02318.HK)  0.000 (0.000%)    Short selling $63.37M; Ratio 10.105%   shed more than 2%.

BOSIDENG (03998.HK)  0.000 (0.000%)    Short selling $23.96M; Ratio 15.559%   's full-year net profit grew 44% and the company raised its final dividend. Its shares surged 6.7% to $4.62.

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(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-28 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)