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HSI Upswing Wilder to 400 Pts Once on Heavyweight Dotcoms; TENCENT, MEITUAN-W Leap 5%
After opening 186 pts or 1.15% higher this morning, the HSI widened its gains in the morning session, having rocketed 413 pts to peak at 16,637. It last soared 400 pts or 2.5% to 1...
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HSI Upswing Wilder to 400 Pts Once on Heavyweight Dotcoms; TENCENT, MEITUAN-W Leap 5%
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After opening 186 pts or 1.15% higher this morning, the HSI widened its gains in the morning session, having rocketed 413 pts to peak at 16,637. It last soared 400 pts or 2.5% to 16,624, with a turnover of $38.254 billion.

Heavyweight dotcoms led the market rise. TENCENT (00700.HK)  +1.400 (+0.356%)    Short selling $1.07B; Ratio 9.649%   last printed at $319.2, up 5.07%, with turnover of $5.377 billion. MEITUAN-W (03690.HK)  -0.600 (-0.478%)    Short selling $446.65M; Ratio 11.192%   , recouping the $100 mark, peaked at $101.2. It last traded at $100.4, up 5.35%, trading at $1.082 billion. JD-SW (09618.HK)  +1.700 (+1.284%)    Short selling $196.38M; Ratio 10.404%   and NTES-S (09999.HK)  +4.400 (+2.778%)    Short selling $237.38M; Ratio 16.616%   spiked 4%-4.3%. BABA-SW (09988.HK)  +6.000 (+7.528%)    Short selling $1.05B; Ratio 11.081%   and BIDU-SW (09888.HK)  +2.500 (+2.306%)    Short selling $463.68M; Ratio 24.693%   swelled 2%-2.9%.

Related NewsBABA-SW (09988.HK) 4FQ Non-GAAP NP Declines 10.8% to RMB24.418B, in Line
Hong Kong's heavyweight financials boomed, with HSBC HOLDINGS (00005.HK)  -1.550 (-2.211%)    Short selling $346.37M; Ratio 13.774%   , BOC HONG KONG (02388.HK)  +0.050 (+0.194%)    Short selling $95.04M; Ratio 30.592%   and AIA (01299.HK)  +2.100 (+3.323%)    Short selling $217.91M; Ratio 10.329%   rising 1.3%-2.3%. HKEX (00388.HK)  +3.000 (+1.027%)    Short selling $573.84M; Ratio 21.627%   mounted 3.2%. The other two big blue-chip Chinese insurers, namely PING AN (02318.HK)  +2.450 (+5.698%)    Short selling $1.13B; Ratio 21.510%   and CHINA LIFE (02628.HK)  +0.620 (+5.008%)    Short selling $240.87M; Ratio 17.811%   , shot up 4% and 4.8% respectively.

LI AUTO-W (02015.HK)  -3.800 (-3.811%)    Short selling $255.61M; Ratio 15.537%   lost 3.7% to $102.3, with turnover of $1.012 billion. After Tesla (TSLA.US)      reduced its prices in the US and China, LI AUTO-W did the same, with price cuts on 2024 models of Li L7, Li L8, Li L9 and Li MEGA. The L7 series’ were reduced by RMB18,000-20,000, while the MEGA’s was trimmed by RMB30,000 from RMB559,800 to RMB529,800. Peer BYD COMPANY (01211.HK)  +0.800 (+0.361%)    Short selling $173.65M; Ratio 16.237%   added 0.5% on a steady basis.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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