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<H Shrs>HSI Closes Down 360 pts; Bank and Chinese Property Stocks Under Pressure
The HSI fell 360 points, or 2%, to close at 17,417. The HSCEI slid 141 points, or 2.2%, to close at 6,165. The HSTECH shed 76 points, or 2.1%, to close at 3,536. The total market t...
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<H Shrs>HSI Closes Down 360 pts; Bank and Chinese Property Stocks Under Pressure
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The HSI fell 360 points, or 2%, to close at 17,417. The HSCEI slid 141 points, or 2.2%, to close at 6,165. The HSTECH shed 76 points, or 2.1%, to close at 3,536. The total market turnover for the day amounted to $102.002 billion.

Banks were under pressure along with the peripheral market. HSBC HOLDINGS (00005.HK)  0.000 (0.000%)    Short selling $571.64M; Ratio 46.783%   and HANG SENG BANK (00011.HK)  0.000 (0.000%)    Short selling $46.27M; Ratio 25.176%   cratered 2.1% and 2.6%, while STANCHART (02888.HK)  0.000 (0.000%)    Short selling $1.18M; Ratio 4.602%   faded 3.3%. Chinese banks CCB (00939.HK)  0.000 (0.000%)    Short selling $455.53M; Ratio 24.216%   , ABC (01288.HK)  0.000 (0.000%)    Short selling $184.55M; Ratio 25.137%   , and ICBC (01398.HK)  0.000 (0.000%)    Short selling $202.27M; Ratio 14.234%   waned 2.3%-2.6%, while PSBC (01658.HK)  0.000 (0.000%)    Short selling $44.24M; Ratio 17.694%   declined 3.8%. Chinese insurers CPIC (02601.HK)  0.000 (0.000%)    Short selling $26.80M; Ratio 15.547%   and ZA ONLINE (06060.HK)  0.000 (0.000%)    Short selling $11.37M; Ratio 24.920%   shed 2.7% and 3.5%.

Related NewsBOCI Cuts CCB (00939.HK) TP to $8.2 as Interim NP in Line
The Microsoft system has experienced massive technical errors worldwide. CATHAY PAC AIR (00293.HK)  0.000 (0.000%)    Short selling $21.21M; Ratio 26.629%   said the Hong Kong airport's self check-in facility was out of order due to unforeseen technical issues. CATHAY PAC AIR closed at $8, down 0.7% for the day.

Chinese property stocks retreated. LONGFOR GROUP (00960.HK)  0.000 (0.000%)    Short selling $41.38M; Ratio 43.096%   , CHINA RES LAND (01109.HK)  0.000 (0.000%)    Short selling $37.67M; Ratio 16.778%   , SUNAC (01918.HK)  0.000 (0.000%)    Short selling $9.53M; Ratio 14.451%   , CIFI HOLD GP (00884.HK)  0.000 (0.000%)    Short selling $2.12M; Ratio 11.700%   , SEAZEN (01030.HK)  0.000 (0.000%)    Short selling $2.01M; Ratio 5.291%   , and AGILE GROUP (03383.HK)  0.000 (0.000%)   fell 5.2%-6.4%, while YUEXIU PROPERTY (00123.HK)  0.000 (0.000%)    Short selling $4.59M; Ratio 12.158%   , CHINA OVERSEAS (00688.HK)  0.000 (0.000%)    Short selling $28.77M; Ratio 24.868%   , CHINA VANKE (02202.HK)  0.000 (0.000%)    Short selling $33.64M; Ratio 32.731%   , and GREENTOWN CHINA (03900.HK)  0.000 (0.000%)    Short selling $7.62M; Ratio 18.142%   cratered 3.9%-4.9%. Property manager CHINA RES MIXC (01209.HK)  0.000 (0.000%)    Short selling $10.84M; Ratio 16.024%   waned 5.3%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-09-04 16:25.)

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