Hong Kong stocks advanced, led by high dividend-paying stocks. HSI hiked 425 points or 2.3% to close at 18,963. HSCEI ascended 158 points, or 2.4%, to close at 6,718. HSTECH added 14 points or 0.4% to close at 3,962. The total turnover for the day was $171.001 billion, the highest in more than 9 months.

HKEX (00388.HK)  +4.800 (+1.826%)    Short selling $66.60M; Ratio 7.677%   surged 7.6% to $285.8 on hopes that China may launch measures to support Hong Kong stocks. High dividend-paying stocks were sought after. Chinese bank stocks PSBC (01658.HK)  +0.050 (+1.134%)    Short selling $20.92M; Ratio 26.271%   and CCB (00939.HK)  +0.080 (+1.444%)    Short selling $174.42M; Ratio 19.325%   hiked more than 6%, while ABC (01288.HK)  +0.070 (+2.141%)    Short selling $107.53M; Ratio 22.072%   , ICBC (01398.HK)  +0.050 (+1.131%)    Short selling $297.60M; Ratio 31.627%   and CM BANK (03968.HK)  +0.450 (+1.293%)    Short selling $41.42M; Ratio 20.612%   lifted 4.1% to 5.1%. BOC HONG KONG (02388.HK)  +0.350 (+1.429%)    Short selling $10.34M; Ratio 8.745%   escalated 4.4%.

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Mainland insurers PING AN (02318.HK)  +0.800 (+2.023%)    Short selling $110.08M; Ratio 16.593%   , CHINA LIFE (02628.HK)  +0.260 (+2.347%)    Short selling $25.94M; Ratio 13.069%   , CHINA TAIPING (00966.HK)  +0.150 (+1.775%)    Short selling $828.48K; Ratio 2.309%   and PICC P&C (02328.HK)  -0.080 (-0.787%)    Short selling $7.51M; Ratio 4.418%   elevated 4.5% to 5.8%, while CPIC (02601.HK)  +0.450 (+2.206%)    Short selling $6.53M; Ratio 5.232%   spiked 8.1%. Telecoms stocks CHINA TELECOM (00728.HK)  0.000 (0.000%)    Short selling $5.47M; Ratio 1.184%   , CHINA UNICOM (00762.HK)  +0.090 (+1.402%)    Short selling $15.17M; Ratio 4.847%   and CHINA MOBILE (00941.HK)  +1.100 (+1.465%)    Short selling $159.40M; Ratio 9.133%   gained 3.5% to 4.8%.

SHENZHEN INT'L (00152.HK)  +0.110 (+1.692%)    Short selling $2.06M; Ratio 9.110%   and CITIC (00267.HK)  +0.200 (+2.532%)    Short selling $3.89M; Ratio 7.819%   rallied 7.9% and 5.9%. GUANGDONG INV (00270.HK)  +0.090 (+2.036%)    Short selling $4.72M; Ratio 19.297%   ascended 6.5%, while CLP HOLDINGS (00002.HK)  +1.200 (+1.940%)    Short selling $7.37M; Ratio 6.744%   and POWER ASSETS (00006.HK)  +0.900 (+2.079%)    Short selling $3.47M; Ratio 7.075%   escalated 2.3% and 3.8%. CKH HOLDINGS (00001.HK)  +0.450 (+1.181%)    Short selling $3.93M; Ratio 5.000%   mounted 3.9% after the UK cleared national security concerns over the 3 UK-Vodafone merger deal.

Chinese property stocks continued their rally, with SEAZEN (01030.HK)  +0.020 (+1.389%)    Short selling $1.55M; Ratio 7.931%   , SINO-OCEAN GP (03377.HK)  +0.010 (+2.410%)   , AGILE GROUP (03383.HK)  0.000 (0.000%)    Short selling $347.42K; Ratio 2.455%   and KWG GROUP (01813.HK)  0.000 (0.000%)   skyrocketing 13.6% to 15.5%, while CIFI HOLD GP (00884.HK)  -0.005 (-1.250%)    Short selling $429.65K; Ratio 1.877%   and CHINA JINMAO (00817.HK)  +0.010 (+1.449%)    Short selling $2.44M; Ratio 15.624%   surged 11.1% and 10.3%. SUNAC (01918.HK)  +0.020 (+1.361%)    Short selling $2.47M; Ratio 1.418%   , CHINA RES LAND (01109.HK)  +0.650 (+2.289%)    Short selling $11.89M; Ratio 6.316%   and YUEXIU PROPERTY (00123.HK)  +0.060 (+1.058%)    Short selling $1.69M; Ratio 1.079%   spiked more than 7%. R&F PROPERTIES (02777.HK)  0.000 (0.000%)    Short selling $313.81K; Ratio 3.549%   , LONGFOR GROUP (00960.HK)  +0.260 (+2.114%)    Short selling $16.89M; Ratio 16.439%   , CHINA VANKE (02202.HK)  +0.050 (+0.931%)    Short selling $7.57M; Ratio 4.566%   and GREENTOWN CHINA (03900.HK)  +0.260 (+3.408%)    Short selling $5.81M; Ratio 9.808%   mushroomed 5.4% to 6.2%.

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For tech stocks, BABA-SW (09988.HK)  +1.750 (+2.336%)    Short selling $66.38M; Ratio 1.824%   and XIAOMI-W (01810.HK)  +0.420 (+2.403%)    Short selling $163.17M; Ratio 13.498%   advanced 1.5% and 1.3%, as TENCENT (00700.HK)  +15.200 (+4.225%)    Short selling $946.23M; Ratio 14.183%   , MEITUAN-W (03690.HK)  +3.700 (+3.520%)    Short selling $215.50M; Ratio 9.253%   and JD-SW (09618.HK)  +2.900 (+2.546%)    Short selling $127.56M; Ratio 22.945%   added 0.3% to 0.7%. BIDU-SW (09888.HK)  +1.500 (+1.604%)    Short selling $88.86M; Ratio 20.629%   and NTES-S (09999.HK)  +3.100 (+2.253%)    Short selling $39.62M; Ratio 10.029%   dropped 0.2% and 0.5%, while KUAISHOU-W (01024.HK)  +0.650 (+1.172%)    Short selling $157.14M; Ratio 16.789%   and BILIBILI-W (09626.HK)  +6.500 (+5.845%)    Short selling $42.32M; Ratio 17.144%   waned 1.9% and 2.1%.

Chip stocks SMIC (00981.HK)  +0.160 (+0.967%)    Short selling $35.29M; Ratio 4.474%   , whose 1Q net profit cratered 69%, and HUA HONG SEMI (01347.HK)  +1.015 (+5.277%)    Short selling $21.83M; Ratio 11.240%   , whose 1Q net profit crashed 79%, inclined 1.5% and 5.8% respectively.

In other stocks, HSBC HOLDINGS (00005.HK)  +0.500 (+0.728%)    Short selling $65.20M; Ratio 13.471%   lifted 0.4%, while AIA (01299.HK)  -0.600 (-0.993%)    Short selling $88.94M; Ratio 6.975%   mounted 2.2%. Gold prices increased more than 1% on rising expectations of interest rate cuts, propelling ZIJIN MINING (02899.HK)  +0.220 (+1.330%)    Short selling $55.80M; Ratio 16.793%   and ZHAOJIN MINING (01818.HK)  -0.280 (-2.035%)    Short selling $12.43M; Ratio 16.066%   up more than 3%.

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(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-03 12:25.)