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<H Shrs>HSI Climbs 28 Pts Midday; Home Appliances In Demand; EAST BUY Cascades 21%
At midday close, the HSI added 28 pts or 0.17% to 17,033; the HSCEI dropped 4 pts or 0.1% to 6,012; the HSTECH rose 22 pts or 0.7% to 3,443. The total turnover of the market was $6...
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<H Shrs>HSI Climbs 28 Pts Midday; Home Appliances In Demand; EAST BUY Cascades 21%
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At midday close, the HSI added 28 pts or 0.17% to 17,033; the HSCEI dropped 4 pts or 0.1% to 6,012; the HSTECH rose 22 pts or 0.7% to 3,443. The total turnover of the market was $60.193 billion in the first half of the day.

EAST BUY (01797.HK)  0.000 (0.000%)    Short selling $5.60M; Ratio 12.037%   announced the departure of Dong Yuhui, and that it intended to repurchase shares worth no more than RMB500 million. At midday, the stock price skydived 21% to $9.8. Fellow company NEW ORIENTAL-S (09901.HK)  0.000 (0.000%)    Short selling $34.06M; Ratio 30.151%   slumped 5.4% to $54.4. The Chinese government's subsidy policy for home appliance trade-ins continued to cheer up related stocks. JD-SW (09618.HK)  0.000 (0.000%)    Short selling $189.12M; Ratio 21.142%   surged 3.6% to $102.9, TCL ELECTRONICS (01070.HK)  0.000 (0.000%)    Short selling $1.09M; Ratio 6.687%   spiked 5.1%. HAIER SMARTHOME (06690.HK)  0.000 (0.000%)    Short selling $71.16M; Ratio 23.128%   and HISENSE HA (00921.HK)  0.000 (0.000%)    Short selling $24.98M; Ratio 35.475%   shot up 4.7% and 3.9%.

Related NewsBofAS Elevates GEELY AUTO (00175.HK) TP to $11.2; Aug Sales Growth Solid
Among other techs, BABA-SW (09988.HK)  0.000 (0.000%)    Short selling $304.68M; Ratio 13.072%   dipped 0.1% to $73.25. TENCENT (00700.HK)  0.000 (0.000%)    Short selling $448.25M; Ratio 12.543%   rebounded 1.2% to $355.4. MEITUAN-W (03690.HK)  0.000 (0.000%)    Short selling $893.81M; Ratio 30.042%   and BIDU-SW (09888.HK)  0.000 (0.000%)    Short selling $104.93M; Ratio 16.961%   sagged 0.2%. XIAOMI-W (01810.HK)  0.000 (0.000%)    Short selling $527.41M; Ratio 30.305%   gained 1.9%. NTES-S (09999.HK)  0.000 (0.000%)    Short selling $67.51M; Ratio 14.440%   dropped 1.7%. ALI HEALTH (00241.HK)  0.000 (0.000%)    Short selling $32.61M; Ratio 45.892%   , JD HEALTH (06618.HK)  0.000 (0.000%)    Short selling $37.84M; Ratio 32.834%   , GDS-SW (09698.HK)  0.000 (0.000%)    Short selling $6.30M; Ratio 25.960%   and XD INC (02400.HK)  0.000 (0.000%)    Short selling $14.05M; Ratio 22.408%   climbed more than 2%. Chip equipment stock ASMPT (00522.HK)  0.000 (0.000%)    Short selling $76.61M; Ratio 19.565%   picked up 1% to $79.5 in early trading.

EV maker Tesla bounced back, whereas the Chinese government raised the subsidy for scrapping and replacing vehicles. LI AUTO-W (02015.HK)  0.000 (0.000%)    Short selling $182.05M; Ratio 29.835%   , XPENG-W (09868.HK)  0.000 (0.000%)    Short selling $99.93M; Ratio 27.286%   , BYD COMPANY (01211.HK)  0.000 (0.000%)    Short selling $301.60M; Ratio 25.057%   and GEELY AUTO (00175.HK)  0.000 (0.000%)    Short selling $54.16M; Ratio 20.838%   each rose more than 1%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-09-05 16:25.)

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