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<H Shrs>HSI Opens 96 pts Higher as Techs Boom; CCB & ICBC Stabilize
The HSI opened 96 points or 0.5% higher at 17,843. The HSCEI opened 30 points or 0.5% higher at 6,313. The HSTECH opened 30 points or 0.8% higher at 3,744.CCB (00939.HK), ICBC (013...
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<H Shrs>HSI Opens 96 pts Higher as Techs Boom; CCB & ICBC Stabilize
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The HSI opened 96 points or 0.5% higher at 17,843. The HSCEI opened 30 points or 0.5% higher at 6,313. The HSTECH opened 30 points or 0.8% higher at 3,744.

CCB (00939.HK)  -0.030 (-0.508%)    Short selling $289.45M; Ratio 11.214%   , ICBC (01398.HK)  +0.030 (+0.634%)    Short selling $476.83M; Ratio 29.039%   , ABC (01288.HK)  +0.020 (+0.525%)    Short selling $127.72M; Ratio 13.576%   and BANK OF CHINA (03988.HK)  +0.040 (+1.020%)    Short selling $710.20M; Ratio 26.412%   recorded a decline of 1.6-2.9% in their 1Q24 net profit, and announced their intention to declare an interim dividend. CCB and ICBC added 0.6% and 0.2%, while ABC and BANK OF CHINA dropped 0.6% and 1.1%. CM BANK (03968.HK)  -0.900 (-2.323%)    Short selling $100.42M; Ratio 12.137%   shed 1.6% after its 1Q24 net profit lost 2%. PSBC (01658.HK)  0.000 (0.000%)    Short selling $49.63M; Ratio 24.555%   opened flat at $4.04 after its 1Q24 net profit fell 1.4%.

Related NewsJPM Hikes TENCENT (00700.HK) TP to $480; Multiple Surprises May Further Propel Shr Price
For techs, BABA-SW (09988.HK)  -0.950 (-1.113%)    Short selling $391.87M; Ratio 10.756%   , TENCENT (00700.HK)  -11.400 (-2.886%)    Short selling $1.02B; Ratio 8.668%   , MEITUAN-W (03690.HK)  -2.600 (-2.097%)    Short selling $439.28M; Ratio 12.182%   , XIAOMI-W (01810.HK)  -0.580 (-2.918%)    Short selling $165.01M; Ratio 6.359%   and NTES-S (09999.HK)  -6.400 (-3.881%)    Short selling $310.16M; Ratio 21.948%   gained 0.6-1.3%, while JD-SW (09618.HK)  -4.800 (-3.509%)    Short selling $175.83M; Ratio 12.938%   slipped 0.8%. BIDU-SW (09888.HK)  -4.600 (-4.283%)    Short selling $133.16M; Ratio 10.968%   and SENSETIME-W (00020.HK)  -0.070 (-4.459%)    Short selling $89.44M; Ratio 7.265%   leaped 1.7% and 3.3%. Automakers LI AUTO-W (02015.HK)  -19.250 (-19.269%)    Short selling $740.94M; Ratio 18.615%   and XPENG-W (09868.HK)  -3.600 (-10.511%)    Short selling $202.30M; Ratio 21.112%   elevated 4.4% and 3.7%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-21 16:25.)

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