Hong Kong stocks opened lower in the morning along with the external markets. HSI opened 232 points or 1.4% lower at 16,367. HSCEI opened 82 points or 1.4% lower at 5,773. HSTECH opened lower by 65 points or 1.9% at 3,377.

For tech stocks, TENCENT (00700.HK)  -0.800 (-0.230%)    Short selling $1.43B; Ratio 16.055%   opened down 1.1% at $301.2, while BABA-SW (09988.HK)  -0.950 (-1.262%)    Short selling $583.25M; Ratio 14.072%   , MEITUAN-W (03690.HK)  -4.200 (-3.633%)    Short selling $1.49B; Ratio 22.396%   , JD-SW (09618.HK)  +0.300 (+0.255%)    Short selling $551.35M; Ratio 28.479%   , BIDU-SW (09888.HK)  +2.400 (+2.379%)    Short selling $619.80M; Ratio 29.303%   , NTES-S (09999.HK)  +1.800 (+1.206%)    Short selling $67.82M; Ratio 6.283%   , and KUAISHOU-W (01024.HK)  +0.200 (+0.354%)    Short selling $629.88M; Ratio 24.839%   opened falling 1.7% to 2.5%. XIAOMI-W (01810.HK)  +0.060 (+0.346%)    Short selling $480.82M; Ratio 15.607%   opened declining 1%, while BILIBILI-W (09626.HK)  -0.100 (-0.096%)    Short selling $146.81M; Ratio 24.005%   opened descending 3.3%.

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US electric car maker Tesla (TSLA.US)      would lay off 10% of its global workforce, and the market is concerned about competition in the auto market. Car stocks LI AUTO-W (02015.HK)  +2.400 (+2.427%)    Short selling $458.77M; Ratio 27.066%   and XPENG-W (09868.HK)  +0.450 (+1.485%)    Short selling $115.22M; Ratio 15.919%   opened retreating 3.6% and 3.8%, while GEELY AUTO (00175.HK)  +0.160 (+1.704%)    Short selling $94.05M; Ratio 15.812%   and BYD COMPANY (01211.HK)  +3.600 (+1.692%)    Short selling $675.06M; Ratio 28.587%   opened 1.4% and 1.2% lower.

It is reported that the car manufacturing qualification of NIO-SW (09866.HK)  +0.900 (+2.586%)    Short selling $40.67M; Ratio 46.249%   has been formally approved. However, the stock opened crashing 6.9%.

As for financials, HSBC HOLDINGS (00005.HK)  +0.600 (+0.924%)    Short selling $207.07M; Ratio 10.072%   opened 1.6% lower at $62.85, HKEX (00388.HK)  +4.800 (+1.918%)    Short selling $409.82M; Ratio 11.745%   opened 1.1% lower, and AIA (01299.HK)  +3.300 (+6.111%)    Short selling $1.41B; Ratio 18.616%   opened 3.1% lower.

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Interest rate-sensitive stocks opened down, property stocks HENDERSON LAND (00012.HK)  +0.100 (+0.421%)    Short selling $18.64M; Ratio 12.343%   and LINK REIT (00823.HK)  -0.100 (-0.295%)    Short selling $44.66M; Ratio 11.405%   opened waning 1.9% and 1.7%, while WHARF REIC (01997.HK)  +0.400 (+1.677%)    Short selling $25.37M; Ratio 17.499%   opened slumping 4%. Utility stock POWER ASSETS (00006.HK)  -0.200 (-0.443%)    Short selling $18.27M; Ratio 16.407%   opened 1.5% lower.

Domestic property stocks CHINA OVERSEAS (00688.HK)  +0.560 (+4.011%)    Short selling $393.46M; Ratio 37.876%   and LONGFOR GROUP (00960.HK)  +0.780 (+7.091%)    Short selling $153.28M; Ratio 16.287%   opened 1.6% and 2.4% lower.

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-29 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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