At midday close, the HSI shot up 271 pts or 1.6% to 16,782; the HSCEI added 107 pts or 1.9% to 5,939; and the HSTECH gained 95 pts or 2.9% to 3,431. Half-day turnover aggregated $62.926 billion.

After Pinduoduo (PDD.US)      surged 9.4% in the U.S. yesterday, HK-listed online shopping platforms JD-SW (09618.HK)  +6.600 (+5.482%)    Short selling $439.34M; Ratio 16.336%   and BABA-SW (09988.HK)  +3.100 (+4.074%)    Short selling $681.45M; Ratio 10.840%   rallied 6.1% and 2%. The takeaway platform MEITUAN-W (03690.HK)  +0.600 (+0.504%)    Short selling $1.33B; Ratio 23.555%   and short-video platform KUAISHOU-W (01024.HK)  +3.000 (+5.068%)    Short selling $625.34M; Ratio 25.799%   swelled 6.3% and 7.4%. UBS said PDD is the top e-commerce stock in China, followed by JD, which was expected to post a surprising EPS and ride on share buybacks.

Related NewsUBS: AIA (01299.HK) 1Q24 VONB Strongly Beats
BofA Securities expected TENCENT (00700.HK)  +4.000 (+1.110%)    Short selling $1.10B; Ratio 12.812%   's annual share repurchase to size $130 billion (the company had previously expected this year's repurchase scale of more than $100 billion). TENCENT's share price spiked 3.1%. As to other techs, BIDU-SW (09888.HK)  +4.500 (+4.265%)    Short selling $261.50M; Ratio 17.812%   and XIAOMI-W (01810.HK)  +0.540 (+3.061%)    Short selling $307.78M; Ratio 17.611%   mounted 1.7% and 2.9%. BILIBILI-W (09626.HK)  +7.400 (+6.909%)    Short selling $119.72M; Ratio 24.224%   rocketed 3.7%. SENSETIME-W (00020.HK)  -0.060 (-3.614%)    Short selling $179.07M; Ratio 10.609%   , MEITU (01357.HK)  -0.020 (-0.590%)    Short selling $8.62M; Ratio 14.084%   and GDS-SW (09698.HK)  -0.010 (-0.118%)    Short selling $2.33M; Ratio 5.681%   leaped more than 3%.

As to consumption and domestic demand stocks, LI NING (02331.HK)  +0.300 (+1.386%)    Short selling $47.19M; Ratio 12.876%   was hyped up by 5% after its first-quarter retail sell-through climbed by low single-digit YoY. WH GROUP (00288.HK)  -0.050 (-0.876%)    Short selling $12.70M; Ratio 8.830%   , with its first-quarter net profit before biological fair value adjustments surging 73% YoY, jumped up 5.5%.

HAIDILAO (06862.HK)  -0.040 (-0.209%)    Short selling $39.21M; Ratio 12.705%   , JIUMAOJIU (09922.HK)  +0.060 (+1.099%)    Short selling $12.89M; Ratio 23.651%   , CHINA RES BEER (00291.HK)  +1.100 (+3.051%)    Short selling $31.62M; Ratio 8.282%   , SUNART RETAIL (06808.HK)  +0.030 (+1.818%)    Short selling $2.03M; Ratio 29.675%   and YIHAI INTL (01579.HK)  +0.200 (+1.156%)    Short selling $10.97M; Ratio 33.363%   soared 3%-3.7%. PRADA (01913.HK)  +3.150 (+5.068%)    Short selling $12.77M; Ratio 8.977%   ballooned 4.8%. EV makers NIO-SW (09866.HK)  -0.250 (-0.579%)    Short selling $36.56M; Ratio 25.412%   and XPENG-W (09868.HK)  +1.650 (+4.832%)    Short selling $169.70M; Ratio 33.740%   mushroomed 5.1% and 2.1%. BYD COMPANY (01211.HK)  +1.400 (+0.622%)    Short selling $326.68M; Ratio 20.366%   and LI AUTO-W (02015.HK)  +3.400 (+3.160%)    Short selling $113.06M; Ratio 13.305%   slid 2.3% and 3.1%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-03 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsBOCI Trims SINOPEC CORP (00386.HK) TP to $4.99; 1Q Earnings Miss but Improvement Expected in 2Q