Hong Kong stocks rallied for ten consecutive days. HSI advanced 102 points or 0.6% to close at 18,578. HSCEI elevated 25 points or 0.4% to close at 6,572 points. HSTECH increased 36 points or 0.9% to close at 4,007. The total market turnover for the whole day was $144.486 billion.As for car stocks, BYD COMPANY (01211.HK) +0.800 (+0.361%) Short selling $173.65M; Ratio 16.237% proposed to offer car purchase discounts of up to RMB18,000 for all models of its Dynasty series, and its share price fell 0.2% to $226. Peers XPENG-W (09868.HK) +0.400 (+1.272%) Short selling $96.95M; Ratio 14.731% and LEAPMOTOR (09863.HK) +0.400 (+1.294%) Short selling $11.46M; Ratio 8.044% waned 3.2% and 4.6%. GEELY AUTO (00175.HK) 0.000 (0.000%) Short selling $43.92M; Ratio 10.727% subsidiary Zeekr will go public in the US, and GEELY intends to spend US$320 million to subscribe for its shares. GEELY slumped 0.7%. LI AUTO-W (02015.HK) -3.800 (-3.811%) Short selling $255.61M; Ratio 15.537% saw the cumulative orders for its Li L6 topping 41,000 units during 3 weeks of sale, and its shares hiked 6.1%.Related NewsBofAS Lifts TENCENT (00700.HK) TP to $480; 1Q24 Earnings BeatIn tech stocks, TENCENT (00700.HK) +1.400 (+0.356%) Short selling $1.07B; Ratio 9.649% elevated 1.6% to $370.2, while BABA-SW (09988.HK) +6.000 (+7.528%) Short selling $1.05B; Ratio 11.081% , MEITUAN-W (03690.HK) -0.600 (-0.478%) Short selling $446.65M; Ratio 11.192% , JD-SW (09618.HK) +1.700 (+1.284%) Short selling $196.38M; Ratio 10.404% and BIDU-SW (09888.HK) +2.500 (+2.306%) Short selling $463.68M; Ratio 24.693% increased 0.4% to 0.6%, while XIAOMI-W (01810.HK) +0.120 (+0.605%) Short selling $271.59M; Ratio 12.954% and KUAISHOU-W (01024.HK) +0.050 (+0.086%) Short selling $437.37M; Ratio 19.324% decreased 0.4%. BILIBILI-W (09626.HK) +6.400 (+5.220%) Short selling $148.77M; Ratio 17.694% and NTES-S (09999.HK) +4.400 (+2.778%) Short selling $237.38M; Ratio 16.616% climbed 1.4% and 2.3%, while SENSETIME-W (00020.HK) +0.020 (+1.449%) Short selling $43.08M; Ratio 4.152% lifted 5%. KINGSOFT CLOUD (03896.HK) +0.070 (+3.846%) Short selling $1.90M; Ratio 3.897% and EAST Buy (01797.HK) +0.140 (+0.744%) Short selling $8.96M; Ratio 2.144% waned more than 3%.Foxconn's April revenue hit a historic high for all Aprils, and mobile phone-related stocks were boosted. BYD ELECTRONIC (00285.HK) -0.050 (-0.148%) Short selling $13.94M; Ratio 4.326% elevated 4%, while COWELL (01415.HK) -0.480 (-2.417%) Short selling $1.81M; Ratio 3.588% and FIH (02038.HK) 0.000 (0.000%) Short selling $359.85K; Ratio 13.659% surged 6.7% and 8.3%.The market is concerned about Shenzhen's possible relaxation of housing purchase restrictions. However, Chinese property stocks retreated. KWG GROUP (01813.HK) +0.060 (+11.111%) crashed 8.1%, SUNAC (01918.HK) +0.380 (+25.850%) Short selling $79.74M; Ratio 2.812% , SINO-OCEAN GP (03377.HK) +0.060 (+10.526%) and AGILE GROUP (03383.HK) +0.180 (+24.324%) Short selling $3.66M; Ratio 1.543% crumpled 6.3% to 7.2%, and YUEXIU PROPERTY (00123.HK) +0.610 (+10.517%) Short selling $69.89M; Ratio 11.826% , CHINA OVERSEAS (00688.HK) +0.700 (+4.425%) Short selling $311.61M; Ratio 22.730% and CHINA VANKE (02202.HK) +1.110 (+19.372%) Short selling $441.12M; Ratio 14.435% fell more than 4%. Property manager CG SERVICES (06098.HK) +0.610 (+9.823%) Short selling $45.47M; Ratio 6.908% descended 4.3%.Related NewsUBS Elevates MEITUAN-W TP to $146, Continues to be Bullish on TENCENT, PDD (PDD.US)Expectations of interest rate cuts boosted gold and silver stocks, with SD GOLD (01787.HK) -0.220 (-1.171%) Short selling $3.36M; Ratio 3.355% and CHINAGOLDINTL (02099.HK) +0.250 (+0.465%) Short selling $4.18M; Ratio 12.034% rallying 4.9% and 5.2%, ZHAOJIN MINING (01818.HK) +0.400 (+2.837%) Short selling $28.66M; Ratio 15.528% rising 3.6%, and CHI SILVER GP (00815.HK) +0.010 (+3.390%) rocketing 8.9%.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.)