Opening 92 points, or 0.45%, lower this morning at 20,334, the HSI widened its losses afterward and broke below the 20,000- and 19,900-mark after midday, bottoming at 19,884. It last printed at 19,885, down 541 points or nearly 2.7%, with a turnover of $123.075 billion.

After a 21% surge and suspension of treading on the previous day (11th), ZHONGSHENG HLDG (00881.HK)  -0.160 (-1.005%)    Short selling $9.46M; Ratio 20.094%   resumed trading today and retreated 13.6% to as low as $16.36 at one point. It last printed at $17.52, down 7.5%, on a volume of 36.8368 million shares, involving $660 million. The company announced a preliminary agreement with Seres to further discuss the distribution of Seres' new energy vehicles.

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Meanwhile, MEITUAN-W (03690.HK)  +4.000 (+2.435%)    Short selling $428.28M; Ratio 24.376%   last shed 5.71% to $175, on a turnover of $5.672 billion. CHINAHONGQIAO (01378.HK)  -0.080 (-0.679%)    Short selling $15.46M; Ratio 23.624%   was last at $13.04, plummeting 8.56%, on a turnover of $390 million.

Chinese consumer stocks caved under pressure, with JD-SW (09618.HK)  +3.100 (+2.283%)    Short selling $132.25M; Ratio 25.471%   , CHINA RES BEER (00291.HK)  +0.050 (+0.194%)    Short selling $27.18M; Ratio 27.173%   , HAIDILAO (06862.HK)  -0.160 (-1.085%)    Short selling $21.72M; Ratio 24.833%   , LI AUTO-W (02015.HK)  +0.150 (+0.174%)    Short selling $88.52M; Ratio 35.370%   , BUD APAC (01876.HK)  -0.060 (-0.810%)    Short selling $2.73M; Ratio 17.193%   , NONGFU SPRING (09633.HK)  -0.400 (-1.260%)    Short selling $50.80M; Ratio 28.867%   , and ANTA SPORTS (02020.HK)  -1.100 (-1.428%)    Short selling $394.60M; Ratio 38.713%   declining about 3-4%.

The two major Chinese blue-chip insurers, CHINA LIFE (02628.HK)  +0.080 (+0.560%)    Short selling $37.29M; Ratio 14.648%   and PING AN (02318.HK)  +0.200 (+0.450%)    Short selling $56.19M; Ratio 21.515%   , each fell over 3%. AIA (01299.HK)  +0.350 (+0.613%)    Short selling $145.14M; Ratio 20.899%   also sagged 2%. HKEX (00388.HK)  0.000 (0.000%)    Short selling $83.08M; Ratio 24.079%   lost 3.3%.

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Among the three major Chinese blue-chip developers, CHINA OVERSEAS (00688.HK)  -0.040 (-0.304%)    Short selling $17.03M; Ratio 25.741%   , CHINA RES LAND (01109.HK)  +0.300 (+1.325%)    Short selling $34.97M; Ratio 37.842%   , and LONGFOR GROUP (00960.HK)  -0.060 (-0.569%)    Short selling $8.33M; Ratio 14.110%   each eroded about 2%. Foreign media reported that the mainland plans to cut the deed tax on property purchases to as low as 1% to support the housing market.

SINOPHARM (01099.HK)  0.000 (0.000%)    Short selling $16.39M; Ratio 28.383%   , WUXI APPTEC (02359.HK)  +0.350 (+0.767%)    Short selling $5.42M; Ratio 9.142%   , and NTES-S (09999.HK)  +2.200 (+1.663%)    Short selling $76.90M; Ratio 31.151%   rallied against the market by 1-2.4%, making them the three best performers among blue chips.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-27 12:25.)