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<H Shrs>HSI Rallies 260 Pts at Close; Techs Lead Charge Amid Stablecoin Concept Craze
The HSI ended the day at 24,148, up 260 points or 1.1%. The HSCEI rose 100 points or 1.2% to close at 8,708. The HSTECH climbed 96 points or 1.8%, closing at 5,325. The total marke...
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<H Shrs>HSI Rallies 260 Pts at Close; Techs Lead Charge Amid Stablecoin Concept Craze
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The HSI ended the day at 24,148, up 260 points or 1.1%. The HSCEI rose 100 points or 1.2% to close at 8,708. The HSTECH climbed 96 points or 1.8%, closing at 5,325. The total market turnover for the day reached HKD213.289 billion.

The stablecoin concept continued to be hyped up. GUOTAI JUNAN I (01788.HK)  +0.250 (+4.112%)    Short selling $42.38M; Ratio 1.488%   soared 28.5% to HKD6.08, with a turnover of HKD12.819 billion, making it the stock with the highest turnover in the Hong Kong market for the day. BRIGHT SMART (01428.HK)  +0.040 (+0.289%)    Short selling $15.81M; Ratio 2.638%   spiked 15.5%, with a turnover of HKD880 million. CHINA EB LTD (00165.HK)  -0.100 (-1.239%)    Short selling $109.66K; Ratio 0.062%   mushroomed 7.6%. GOLDSTREAM INV (01328.HK)  +1.080 (+9.712%)   signed a memorandum with AnchorX on launching an offshore RMB stablecoin named AxCNH. Its stock price ballooned 5.3 times, with a turnover of over HKD210 million.

BIDU-SW (09888.HK)  +0.250 (+0.285%)    Short selling $530.12M; Ratio 39.431%   rallied 3.6%. GEELY AUTO (00175.HK)  +0.140 (+0.768%)    Short selling $175.74M; Ratio 17.439%   added 1.2%. As for other carmakers, DONGFENG GROUP (00489.HK)  +0.130 (+3.333%)    Short selling $6.61M; Ratio 8.681%   reported a 33% growth in its new energy vehicle sales to 200,000 units in 1H25, lifting its stock price by 1.7%. BYD COMPANY (01211.HK)  -0.600 (-0.486%)    Short selling $564.81M; Ratio 36.829%   and XIAOMI-W (01810.HK)  -0.550 (-0.954%)    Short selling $245.02M; Ratio 7.668%   inclined 1% and 2.4%. Battery stock CATL (03750.HK)  -3.000 (-0.795%)    Short selling $15.73M; Ratio 5.473%   gained 1.5%.

Most of the other tech stocks were also on an uptrend. KUAISHOU-W (01024.HK)  +1.650 (+2.421%)    Short selling $363.43M; Ratio 14.511%   and SMIC (00981.HK)  0.000 (0.000%)    Short selling $100.43M; Ratio 5.458%   hiked 5.2% and 3%. BILIBILI-W (09626.HK)  +3.100 (+1.677%)    Short selling $103.34M; Ratio 11.420%   , JD-SW (09618.HK)  0.000 (0.000%)    Short selling $119.95M; Ratio 10.683%   , and MEITUAN-W (03690.HK)  -1.800 (-1.426%)    Short selling $1.14B; Ratio 20.121%   advanced 2.2-2.7%. BABA-W (09988.HK)  +1.000 (+0.881%)    Short selling $1.71B; Ratio 15.246%   and NTES-S (09999.HK)  -1.200 (-0.574%)    Short selling $95.22M; Ratio 22.320%   escalated 1.5%. TENCENT (00700.HK)  +2.000 (+0.386%)    Short selling $667.18M; Ratio 8.666%   inched up 0.5%.

In addition, MEITU (01357.HK)  +0.100 (+0.982%)    Short selling $79.67M; Ratio 13.369%   and PA GOODDOCTOR (01833.HK)  +0.150 (+1.561%)    Short selling $2.75M; Ratio 4.300%   shot up 6% and 5.3%. NETEASE MUSIC (09899.HK)  +1.400 (+0.490%)    Short selling $18.34M; Ratio 12.841%   grew 4.6%. CHINA LIT (00772.HK)  +1.050 (+3.409%)    Short selling $31.46M; Ratio 17.754%   , JD HEALTH (06618.HK)  +0.550 (+1.213%)    Short selling $60.19M; Ratio 13.659%   , and GDS-SW (09698.HK)  -0.850 (-2.199%)    Short selling $96.44M; Ratio 32.653%   ticked up 3.4-4%. NEW ORIENTAL-S (09901.HK)  -0.300 (-0.737%)    Short selling $43.37M; Ratio 31.754%   added 3%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)

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