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<H Shrs>HSI Opens Up 90 Pts; BIDU-SW, NONGFU SPRING Leap ~8%/ +3%
The HSI opened 90 pts or 0.5% higher at 17,613; the HSCEI opened 36 pts or 0.6% higher at 6,311; and the HSTECH opened 38 pts or 1.1% higher at 3,639.In terms of techs, BIDU-SW (09...
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<H Shrs>HSI Opens Up 90 Pts; BIDU-SW, NONGFU SPRING Leap ~8%/ +3%
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The HSI opened 90 pts or 0.5% higher at 17,613; the HSCEI opened 36 pts or 0.6% higher at 6,311; and the HSTECH opened 38 pts or 1.1% higher at 3,639.

In terms of techs, BIDU-SW (09888.HK)  -2.350 (-2.737%)    Short selling $170.03M; Ratio 21.151%   surged 7.8% at $93, as Beijing planned to support self-driving cars to run online ride-hailing services. BABA-SW (09988.HK)  -2.150 (-2.774%)    Short selling $495.89M; Ratio 18.136%   and JD-SW (09618.HK)  -1.550 (-1.551%)    Short selling $94.04M; Ratio 12.491%   hiked 1.7% and 1.8%. TENCENT (00700.HK)  -7.400 (-2.024%)    Short selling $938.84M; Ratio 14.755%   , MEITUAN-W (03690.HK)  -5.200 (-4.762%)    Short selling $717.49M; Ratio 17.156%   and KUAISHOU-W (01024.HK)  -0.450 (-1.036%)    Short selling $69.26M; Ratio 11.304%   lifted 1.1%-1.3%. BILIBILI-W (09626.HK)  -2.300 (-1.890%)    Short selling $107.16M; Ratio 36.336%   soared 2.3%.

Related NewsJPM: AIA (01299.HK)'s Tata AIA Subsidiary Excavates Potential Value in India Life Insurance Mkt
SUNNY OPTICAL (02382.HK)  -1.650 (-3.784%)    Short selling $76.15M; Ratio 21.199%   reported a 19.6% YoY rise in handset lens shipments in June, and its stock price opened 0.4% higher at $46.7. BYD COMPANY (01211.HK)  -7.600 (-3.351%)    Short selling $420.22M; Ratio 26.772%   , an electric vehicle stock, leaped 1.9% at $239.6.

As to other stocks, NONGFU SPRING (09633.HK)  +0.200 (+0.671%)    Short selling $69.21M; Ratio 30.281%   will see its stake increased by Yangshengtang by no more than 2 billion H shares, and the stock price opened 3.7% higher at $35. Chinese property developer CHINA VANKE (02202.HK)  -0.060 (-1.460%)    Short selling $26.68M; Ratio 21.823%   forecasted a loss of at least RMB7 billion in 1H24, and the stock price opened 4.5% lower.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-08-02 16:25.)

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