Markets are looking forward to the US Fed's interest rate cut and corporate quarterly results, and US stocks developed individually. DJIA rose 31 points or 0.1%, while the Nasdaq fell 0.1%.

Hong Kong market opened higher in the morning after snapping a 10-day rally streak yesterday. HSI opened 31 points or 0.2% higher at 18,510. HSCEI opened 9 points or 0.2% higher at 6,536. HSTECH opened 1 point or 0.04% lower at 3,921.

Related NewsG Sachs Raises BABA-SW (09988.HK) TP to $103 as Growth Resumes
For tech stocks, BABA-SW (09988.HK)  -4.150 (-5.000%)    Short selling $361.81M; Ratio 12.058%   , TENCENT (00700.HK)  -2.600 (-0.676%)    Short selling $476.57M; Ratio 12.650%   , MEITUAN-W (03690.HK)  -1.400 (-1.161%)    Short selling $211.56M; Ratio 13.120%   , XIAOMI-W (01810.HK)  -0.620 (-3.189%)    Short selling $84.30M; Ratio 7.063%   and KUAISHOU-W (01024.HK)  +1.450 (+2.494%)    Short selling $833.83M; Ratio 21.941%   opened rising 0.2% to 0.3%, while JD-SW (09618.HK)  -5.300 (-4.109%)    Short selling $95.31M; Ratio 8.562%   opened elevating 0.6%. BIDU-SW (09888.HK)  -1.500 (-1.488%)    Short selling $52.36M; Ratio 14.404%   and NTES-S (09999.HK)  -9.600 (-6.250%)    Short selling $35.44M; Ratio 4.879%   opened down 0.3% and 0.5%.

EV maker Tesla (TSLA.US)      's second-in-command Tom Zhu was reportedly moved back to China. Peers LI AUTO-W (02015.HK)  -3.150 (-3.832%)    Short selling $118.61M; Ratio 13.627%   and XPENG-W (09868.HK)  -1.800 (-5.195%)    Short selling $76.77M; Ratio 17.677%   opened down 3.4% and 3.6%. BYD COMPANY (01211.HK)  -3.400 (-1.587%)    Short selling $173.23M; Ratio 29.319%   opened flat at $227.4.

HSBC HOLDINGS (00005.HK)  -0.450 (-0.647%)    Short selling $36.91M; Ratio 11.786%   opened 0.4% higher at $70 after it launched a buyback of up to USD3 billion. HKEX (00388.HK)  -4.800 (-1.691%)    Short selling $56.77M; Ratio 5.737%   and AIA (01299.HK)  -0.500 (-0.803%)    Short selling $36.42M; Ratio 6.549%   opened inclining 0.4% and 0.2%. China Securities Journal quoted experts as saying that there is room for China to cut RRR and interest rates, and mainland bank stocks CCB (00939.HK)  -0.100 (-1.698%)    Short selling $197.84M; Ratio 14.928%   , ICBC (01398.HK)  -0.080 (-1.681%)    Short selling $217.86M; Ratio 27.893%   , CM BANK (03968.HK)  -1.100 (-2.899%)    Short selling $24.19M; Ratio 9.179%   and BANK OF CHINA (03988.HK)  -0.100 (-2.525%)    Short selling $370.42M; Ratio 38.889%   opened lifting 0.2% to 0.6%.

Related NewsJefferies Elevates TENCENT (00700.HK) TP to $475, Reaffirms Sector Top Pick
Chinese homebuilder CHINA OVERSEAS (00688.HK)  -0.100 (-0.620%)    Short selling $34.42M; Ratio 19.903%   opened 0.4% higher after its contracted property sales in the first four months fell 30% YoY. SUNAC (01918.HK)  -0.110 (-6.322%)    Short selling $4.04M; Ratio 1.203%   shares opened hiking 2.2% after its contracted sales mounted 55% YoY in April.

BUD APAC (01876.HK)  -0.100 (-0.933%)    Short selling $5.03M; Ratio 12.045%   opened 0.5% lower after its 1Q24 net profit dropped more than 3%.


(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-23 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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