The HSI dropped 257 points or 1.3% to 19,343 at midday. The HSCEI lost 98 points or 1.4% to 6,935. The HSTECH sagged 51 points or 1.2% to 4,306. Total half-day turnover for the market amounted to $79.604 billion.

BIDU-SW (09888.HK)  -7.200 (-8.587%)    Short selling $592.08M; Ratio 28.397%   stumbled 9.1% to $76.25 as its 3Q24 non-GAAP net profit shed 19%, and JPMorgan said that its core profit margin missed market consensus. PDD (PDD.US)      's quarterly results missed expectations, and its share price tumbled 10%, while its peer BABA-W (09988.HK)  -3.700 (-4.384%)    Short selling $1.08B; Ratio 12.034%   cascaded 3%. JD-SW (09618.HK)  -0.400 (-0.290%)    Short selling $691.79M; Ratio 28.163%   slid 0.1%.

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The market is looking forward to the sale of Huawei's Mate70 mobile phone. Handset parts stocks AAC TECH (02018.HK)  +2.500 (+7.874%)    Short selling $76.65M; Ratio 13.315%   and Q TECH (01478.HK)  +0.220 (+4.029%)    Short selling $7.89M; Ratio 3.292%   shot up 9.3% and 7.7%, while SUNNY OPTICAL (02382.HK)  +1.250 (+2.197%)    Short selling $298.82M; Ratio 17.004%   and BYD ELECTRONIC (00285.HK)  +1.400 (+4.268%)    Short selling $193.17M; Ratio 15.844%   leaped 4.7%. Handset maker XIAOMI-W (01810.HK)  +0.400 (+1.421%)    Short selling $1.49B; Ratio 20.180%   also jumped 3.2%.

For other techs, TENCENT (00700.HK)  -7.000 (-1.717%)    Short selling $1.22B; Ratio 17.727%   ebbed 0.7%, while BILIBILI-W (09626.HK)  -5.100 (-3.455%)    Short selling $81.10M; Ratio 13.237%   , MEITUAN-W (03690.HK)  -5.600 (-3.243%)    Short selling $1.15B; Ratio 26.621%   and KUAISHOU-W (01024.HK)  -2.200 (-4.741%)    Short selling $691.75M; Ratio 26.154%   slipped over 2%. NTES-S (09999.HK)  -0.400 (-0.292%)    Short selling $226.35M; Ratio 25.785%   lifted 0.2%, while semiconductor stocks SMIC (00981.HK)  -1.800 (-6.704%)    Short selling $653.79M; Ratio 18.387%   and HUA HONG SEMI (01347.HK)  -1.650 (-7.500%)    Short selling $361.41M; Ratio 24.835%   cratered 3.5% and 5.2%.

In addition, XD INC (02400.HK)  +1.450 (+6.360%)    Short selling $22.92M; Ratio 8.642%   and KINGSOFT CLOUD (03896.HK)  -0.010 (-0.292%)    Short selling $97.59M; Ratio 10.318%   advanced 6.1% and 5.8%, while JD HEALTH (06618.HK)  -1.300 (-4.545%)    Short selling $57.25M; Ratio 31.166%   and ALI HEALTH (00241.HK)  -0.210 (-5.585%)    Short selling $123.58M; Ratio 41.299%   waned 4% and 4.3%. HORIZONROBOT-W (09660.HK)  -0.300 (-7.317%)   descended 5.9%. For car makers, GWMOTOR (02333.HK)  -0.440 (-3.390%)    Short selling $48.41M; Ratio 20.204%   receded 2.5% after clarifying that it has not initiated smart driving cooperation with Huawei, while XPENG-W (09868.HK)  -2.150 (-4.541%)    Short selling $249.55M; Ratio 22.496%   and GEELY AUTO (00175.HK)  -0.600 (-4.464%)    Short selling $197.15M; Ratio 22.999%   faded 2.5% and 3%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-22 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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