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)  +0.060 (+0.341%)    Short selling $56.48M; Ratio 30.840%   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)  +2.900 (+1.716%)    Short selling $992.29M; Ratio 22.394%   last shed 5.71% to $175, on a turnover of $5.672 billion. CHINAHONGQIAO (01378.HK)  +0.280 (+2.422%)    Short selling $57.89M; Ratio 20.338%   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)  -0.200 (-0.146%)    Short selling $224.48M; Ratio 18.675%   , CHINA RES BEER (00291.HK)  +0.250 (+0.931%)    Short selling $33.18M; Ratio 22.938%   , HAIDILAO (06862.HK)  +0.200 (+1.295%)    Short selling $36.33M; Ratio 25.126%   , LI AUTO-W (02015.HK)  +2.650 (+3.005%)    Short selling $133.38M; Ratio 20.333%   , BUD APAC (01876.HK)  +0.050 (+0.662%)    Short selling $13.94M; Ratio 20.956%   , NONGFU SPRING (09633.HK)  +0.700 (+2.226%)    Short selling $184.75M; Ratio 44.695%   , and ANTA SPORTS (02020.HK)  +0.850 (+1.062%)    Short selling $72.01M; Ratio 18.840%   declining about 3-4%.

The two major Chinese blue-chip insurers, CHINA LIFE (02628.HK)  +0.040 (+0.257%)    Short selling $92.98M; Ratio 23.306%   and PING AN (02318.HK)  +0.150 (+0.326%)    Short selling $307.97M; Ratio 26.058%   , each fell over 3%. AIA (01299.HK)  +0.200 (+0.351%)    Short selling $255.26M; Ratio 15.104%   also sagged 2%. HKEX (00388.HK)  +0.800 (+0.267%)    Short selling $244.69M; Ratio 21.024%   lost 3.3%.

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Among the three major Chinese blue-chip developers, CHINA OVERSEAS (00688.HK)  +0.060 (+0.442%)    Short selling $42.50M; Ratio 14.038%   , CHINA RES LAND (01109.HK)  0.000 (0.000%)    Short selling $56.69M; Ratio 24.628%   , and LONGFOR GROUP (00960.HK)  +0.020 (+0.176%)    Short selling $52.41M; Ratio 24.628%   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)  +0.050 (+0.242%)    Short selling $56.89M; Ratio 37.323%   , WUXI APPTEC (02359.HK)  -0.100 (-0.199%)    Short selling $20.24M; Ratio 9.160%   , and NTES-S (09999.HK)  -0.800 (-0.589%)    Short selling $137.07M; Ratio 15.907%   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 2024-11-19 16:25.)