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<H Shrs>HSI Loses 90 Pts at Midday; SMIC Swells 5% Against Mkt; WEIMOB INC, SUNAC Nosedive
The HSI ended the midday down 90 points or 0.47% at 19,150. The HSCEI fell 39 points or 0.56% to 6,939. The HSTECH dropped 18 points or 0.42% to 4,293. The total market turnover at...
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<H Shrs>HSI Loses 90 Pts at Midday; SMIC Swells 5% Against Mkt; WEIMOB INC, SUNAC Nosedive
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The HSI ended the midday down 90 points or 0.47% at 19,150. The HSCEI fell 39 points or 0.56% to 6,939. The HSTECH dropped 18 points or 0.42% to 4,293. The total market turnover at midday amounted to $78.18 billion.

The WeChat HarmonyOS Native Edition has been officially launched. TENCENT (00700.HK)  -0.800 (-0.216%)    Short selling $1.62B; Ratio 11.673%   inched up 0.3%. TENCENT cut its stake in WEIMOB INC (02013.HK)  +0.010 (+0.532%)    Short selling $10.72M; Ratio 0.334%   to cash out over $410 million. It also sold around 19 million shares of UBTECH ROBOTICS (09880.HK)  -2.350 (-5.081%)   on January 3 and 7, involving about $1.034 billion. WEIMOB INC plummeted 28.6%, while UBTECH ROBOTICS tumbled 6.7%. Taobao and Tmall plan to establish an account integrity system and optimize the "Tuihuobao" mechanism. BABA-W (09988.HK)  -1.850 (-2.324%)    Short selling $533.46M; Ratio 13.541%   edged down 0.6%. Goldman Sachs has raised its target price for NTES-S (09999.HK)  +2.900 (+1.977%)    Short selling $413.35M; Ratio 25.698%   , elevating the company's stock price by 1.6%. As the speculation in external chip stocks continued, SMIC (00981.HK)  +0.950 (+2.937%)    Short selling $444.07M; Ratio 7.639%   and HUA HONG SEMI (01347.HK)  +0.100 (+0.480%)    Short selling $58.92M; Ratio 8.605%   shot up 5.1% and 2.9%.

BLOKS (00325.HK)  +3.400 (+4.000%)   , which was nearly 6,000 times subscribed in its public offering, debuted today. It concluded the midday at $90.6, 50.1% higher than its listing price of $60.35.

Among other tech stocks, XIAOMI-W (01810.HK)  -0.900 (-2.683%)    Short selling $996.52M; Ratio 23.955%   inched down 0.4%, while BIDU-SW (09888.HK)  -3.100 (-3.990%)    Short selling $100.34M; Ratio 23.779%   , JD-SW (09618.HK)  -3.500 (-2.674%)    Short selling $70.19M; Ratio 8.040%   , and KUAISHOU-W (01024.HK)  -0.900 (-2.287%)    Short selling $197.34M; Ratio 20.299%   waned 1-1.1%. MEITUAN-W (03690.HK)  -4.500 (-3.212%)    Short selling $784.63M; Ratio 17.991%   and BILIBILI-W (09626.HK)  -3.500 (-2.739%)    Short selling $48.87M; Ratio 14.968%   lost 1.8% and 2.7%. LENOVO GROUP (00992.HK)  -0.120 (-1.285%)    Short selling $74.02M; Ratio 16.149%   eroded 4.1%. KINGSOFT CLOUD (03896.HK)  -0.340 (-6.262%)    Short selling $46.83M; Ratio 10.288%   and EAST BUY (01797.HK)  -0.460 (-2.795%)    Short selling $38.89M; Ratio 11.147%   sank 6.4% and 7.2%.

Cui Dongshu, Secretary General of the China Passenger Car Association, analyzed that the "price war" in China's new energy vehicle market will be exceptionally fierce this year. GEELY AUTO (00175.HK)  -0.360 (-2.616%)    Short selling $136.37M; Ratio 31.801%   and BYD COMPANY (01211.HK)  -4.200 (-1.671%)    Short selling $422.44M; Ratio 33.044%   slipped 1.4% and 1.8%. Auto dealer ZHONGSHENG HLDG (00881.HK)  -0.460 (-3.840%)    Short selling $27.21M; Ratio 26.169%   slid 3.2%.

SUNAC (01918.HK)  +0.100 (+7.692%)    Short selling $31.50M; Ratio 2.118%   nosedived 21.1% as it received a winding up petition issued by China Cinda.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-10 16:25.)

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