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 NewsUOB Kay Hian Raises TP of BABA-SW (09988.HK) to $98, Rates Buy
For tech stocks, BABA-SW (09988.HK)  +6.000 (+7.528%)    Short selling $1.05B; Ratio 11.081%   , TENCENT (00700.HK)  +1.400 (+0.356%)    Short selling $1.07B; Ratio 9.649%   , MEITUAN-W (03690.HK)  -0.600 (-0.478%)    Short selling $446.65M; Ratio 11.192%   , 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%   opened rising 0.2% to 0.3%, while JD-SW (09618.HK)  +1.700 (+1.284%)    Short selling $196.38M; Ratio 10.404%   opened elevating 0.6%. BIDU-SW (09888.HK)  +2.500 (+2.306%)    Short selling $463.68M; Ratio 24.693%   and NTES-S (09999.HK)  +4.400 (+2.778%)    Short selling $237.38M; Ratio 16.616%   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)  -3.800 (-3.811%)    Short selling $255.61M; Ratio 15.537%   and XPENG-W (09868.HK)  +0.400 (+1.272%)    Short selling $96.95M; Ratio 14.731%   opened down 3.4% and 3.6%. BYD COMPANY (01211.HK)  +0.800 (+0.361%)    Short selling $173.65M; Ratio 16.237%   opened flat at $227.4.

HSBC HOLDINGS (00005.HK)  -1.550 (-2.211%)    Short selling $346.37M; Ratio 13.774%   opened 0.4% higher at $70 after it launched a buyback of up to USD3 billion. HKEX (00388.HK)  +3.000 (+1.027%)    Short selling $573.84M; Ratio 21.627%   and AIA (01299.HK)  +2.100 (+3.323%)    Short selling $217.91M; Ratio 10.329%   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)  -0.050 (-0.847%)    Short selling $284.07M; Ratio 7.820%   , ICBC (01398.HK)  0.000 (0.000%)    Short selling $547.17M; Ratio 28.742%   , CM BANK (03968.HK)  +0.300 (+0.767%)    Short selling $196.09M; Ratio 21.592%   and BANK OF CHINA (03988.HK)  -0.010 (-0.258%)    Short selling $440.23M; Ratio 14.626%   opened lifting 0.2% to 0.6%.

Related NewsBofAS Downgrades GAC GROUP (02238.HK) to Neutral, Cuts TP to $3.6
Chinese homebuilder CHINA OVERSEAS (00688.HK)  +0.700 (+4.425%)    Short selling $311.61M; Ratio 22.730%   opened 0.4% higher after its contracted property sales in the first four months fell 30% YoY. SUNAC (01918.HK)  +0.380 (+25.850%)    Short selling $79.74M; Ratio 2.812%   shares opened hiking 2.2% after its contracted sales mounted 55% YoY in April.

BUD APAC (01876.HK)  +0.280 (+2.478%)    Short selling $30.91M; Ratio 20.995%   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 2024-05-17 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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