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<H Shrs>HSI Ends Midday Up 261 Pts on $90.9B Deals; CN Developers & Autos In Demand
The HSI closed midday higher by 261 pts or 1.5% to 18,275; the HSCEI rose 92 pts or 1.4% to 6,397; and the HSTECH lifted 65 pts or 1.8% to 3,717. The total market turnover for the ...
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<H Shrs>HSI Ends Midday Up 261 Pts on $90.9B Deals; CN Developers & Autos In Demand
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The HSI closed midday higher by 261 pts or 1.5% to 18,275; the HSCEI rose 92 pts or 1.4% to 6,397; and the HSTECH lifted 65 pts or 1.8% to 3,717. The total market turnover for the half day was $90.958 billion.

For techs, BABA-W (09988.HK)  +1.500 (+1.750%)    Short selling $1.74B; Ratio 16.207%   rallied 2.5% to $87.8. TENCENT (00700.HK)  -0.200 (-0.051%)    Short selling $908.19M; Ratio 8.228%   fell 0.4% to $387.2. MEITUAN-W (03690.HK)  +2.100 (+1.570%)    Short selling $1.24B; Ratio 15.198%   added 1.1% to $135.3. XIAOMI-W (01810.HK)  +0.080 (+0.404%)    Short selling $362.41M; Ratio 13.554%   , JD-SW (09618.HK)  +0.800 (+0.716%)    Short selling $498.74M; Ratio 25.696%   and BIDU-SW (09888.HK)  +0.150 (+0.176%)    Short selling $226.01M; Ratio 23.878%   climbed less than 1%. NTES-S (09999.HK)  +1.600 (+1.306%)    Short selling $111.02M; Ratio 14.385%   and BILIBILI-W (09626.HK)  +3.200 (+2.619%)    Short selling $72.92M; Ratio 15.432%   mounted more than 2%.

Related NewsBOCOMI Ratings, TPs & Valuation Forecasts on CN E-Commerce Stocks (Table)
KUAISHOU-W (01024.HK)  -0.650 (-1.544%)    Short selling $243.18M; Ratio 3.731%   ’s shareholders reportedly reduced their holdings by 91.7 million shares of the company at a discount. In the morning session, 91.7 million shares were traded during the Closing Auction Session (CAS) at a price of $40.54 per share, involving $3.72 billion. KUAISHOU-W dipped 1% to $41.7. SENSETIME-W (00020.HK)  +0.070 (+6.364%)    Short selling $44.39M; Ratio 5.987%   co-founder Xu Bing added 10 million Class B shares of the company, and the stock surged 5.5%.

The EU purportedly put off voting on additional tariffs on Chinese electric vehicles (EVs). EV makers XPENG-W (09868.HK)  +2.450 (+6.882%)    Short selling $154.44M; Ratio 12.715%   and GEELY AUTO (00175.HK)  +0.650 (+6.974%)    Short selling $271.79M; Ratio 20.243%   swelled 8% and 6%. NIO-SW (09866.HK)  +1.000 (+2.436%)    Short selling $128.67M; Ratio 26.912%   and LI AUTO-W (02015.HK)  +2.300 (+2.766%)    Short selling $193.01M; Ratio 9.499%   leaped 3.9% and 4.1%. BYD COMPANY (01211.HK)  +0.200 (+0.082%)    Short selling $486.77M; Ratio 15.557%   gained 0.1% to $245.2.

China is considering relaxing the purchase restrictions on homebuyers in Shanghai and Beijing who are not local households. Chinese property developers were cheered up, with KWG GROUP (01813.HK)  +0.002 (+0.885%)   and SUNAC (01918.HK)  +0.050 (+5.051%)    Short selling $20.24M; Ratio 7.364%   spiking more than 5%, and CHINA JINMAO (00817.HK)  +0.040 (+5.970%)    Short selling $4.36M; Ratio 11.054%   , CHINA VANKE (02202.HK)  +0.230 (+5.437%)    Short selling $78.75M; Ratio 20.455%   , SINO-OCEAN GP (03377.HK)  +0.008 (+4.167%)   , LONGFOR GROUP (00960.HK)  +0.260 (+3.055%)    Short selling $45.15M; Ratio 16.581%   and GREENTOWN CHINA (03900.HK)  +0.270 (+4.383%)    Short selling $13.39M; Ratio 17.452%   shooting up 3.7%-4.5%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-09-20 16:25.)

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