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<H Shrs>HSI Slumps 717Pts at Midday; Financials Steer Decline; AIA Sags 5%+
The market kept tabs on the offensives by the US and Israel against Iran, which shored up oil prices. The Hong Kong bourse headed south in the morning session, with the HSI opening...
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<H Shrs>HSI Slumps 717Pts at Midday; Financials Steer Decline; AIA Sags 5%+
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The market kept tabs on the offensives by the US and Israel against Iran, which shored up oil prices. The Hong Kong bourse headed south in the morning session, with the HSI opening 298 points lower and then expanding its decline, slumping as much as 804 points to bottom at 24,963. By midday, it plunged 717 points or 2.8% to 25,051. The HSCEI cascaded 206 points or 2.4% to 8,401. The HSTECH dipped 95 points or 2% to 4,781. The total market turnover for the half-day was HKD207.6 billion.

Financials steered the downswing, with HSBC HOLDINGS (00005.HK)  0.000 (0.000%)    Short selling $658.01M; Ratio 23.793%   sagging 3.7% to HKD130.8; AIA (01299.HK)  0.000 (0.000%)    Short selling $803.20M; Ratio 22.667%   losing 5.5% to HKD80.35; and HKEX (00388.HK)  0.000 (0.000%)    Short selling $279.70M; Ratio 11.604%   and BOC HONG KONG (02388.HK)  0.000 (0.000%)    Short selling $100.42M; Ratio 20.884%   down 2.1% and 2.9%, respectively. Among Chinese insurers, CHINA LIFE (02628.HK)  0.000 (0.000%)    Short selling $388.19M; Ratio 24.558%   nosedived 6.7%, while CHINA TAIPING (00966.HK)  0.000 (0.000%)    Short selling $7.53M; Ratio 5.659%   , PING AN (02318.HK)  0.000 (0.000%)    Short selling $459.14M; Ratio 24.213%   , and CPIC (02601.HK)  0.000 (0.000%)    Short selling $239.33M; Ratio 28.718%   lowered 4.6-5.5%. Chinese banks such as CCB (00939.HK)  0.000 (0.000%)    Short selling $480.20M; Ratio 19.702%   , ABC (01288.HK)  0.000 (0.000%)    Short selling $86.33M; Ratio 21.220%   , ICBC (01398.HK)  0.000 (0.000%)    Short selling $266.34M; Ratio 10.566%   , CM BANK (03968.HK)  0.000 (0.000%)    Short selling $434.62M; Ratio 51.865%   , and BANK OF CHINA (03988.HK)  0.000 (0.000%)    Short selling $205.97M; Ratio 25.394%   each fell over 2%. Brokers, including GF SEC (01776.HK)  0.000 (0.000%)    Short selling $20.27M; Ratio 13.604%   , CICC (03908.HK)  0.000 (0.000%)    Short selling $21.76M; Ratio 8.517%   , CITIC SEC (06030.HK)  0.000 (0.000%)    Short selling $62.86M; Ratio 22.006%   , and CGS (06881.HK)  0.000 (0.000%)    Short selling $16.95M; Ratio 9.539%   , each tumbled over 4%.

Related NewsImports YoY for Jan-Feb in China is 19.8%, higher than the previous value of 5.7%. The forecast was 6.3%.
Commodity stocks subsided, with SD GOLD (01787.HK)  0.000 (0.000%)    Short selling $32.80M; Ratio 7.835%   , ZIJIN GOLD INTL (02259.HK)  0.000 (0.000%)    Short selling $49.93M; Ratio 8.565%   , ZIJIN MINING (02899.HK)  0.000 (0.000%)    Short selling $323.48M; Ratio 19.880%   , and LINGBAOGOLD-100 (03330.HK)  0.000 (0.000%)    Short selling $144.81M; Ratio 18.473%   each shedding over 4%, and CHI SILVER GP (00815.HK)  0.000 (0.000%)   down 5%. MMG (01208.HK)  0.000 (0.000%)    Short selling $45.50M; Ratio 10.886%   saw its annual net profit soar over 2.1 times, with revenue and operating cash flow reaching record highs, yet its stock price plunged5.7%. The three oils, SINOPEC CORP (00386.HK)  0.000 (0.000%)    Short selling $533.61M; Ratio 37.457%   , PETROCHINA (00857.HK)  0.000 (0.000%)    Short selling $555.49M; Ratio 24.596%   , and CNOOC (00883.HK)  0.000 (0.000%)    Short selling $514.42M; Ratio 10.178%   , marked downfall of 3.9-4.4%, while oilfield services provider CHINA OILFIELD (02883.HK)  0.000 (0.000%)    Short selling $12.09M; Ratio 3.769%   stumbled 7.3%. Shippers COSCO SHIP HOLD (01919.HK)  0.000 (0.000%)    Short selling $72.80M; Ratio 18.944%   and COSCO SHIP ENGY (01138.HK)  0.000 (0.000%)    Short selling $46.55M; Ratio 4.061%   skydived 7% and 11.4%, respectively. PACIFIC BASIN (02343.HK)  0.000 (0.000%)    Short selling $6.87M; Ratio 11.473%   saw its annual net profit slip 56% with a final DPS of HK6 cents, and its stock price plummeted 8.7%. Gold retailer LAOPU GOLD (06181.HK)  0.000 (0.000%)    Short selling $238.89M; Ratio 58.224%   faded 5.6%.

In the tech sector, TENCENT (00700.HK)  0.000 (0.000%)    Short selling $4.78B; Ratio 15.179%   and MEITUAN-W (03690.HK)  0.000 (0.000%)    Short selling $1.41B; Ratio 41.548%   dipped 1.6% and 1.9%, respectively, while KUAISHOU-W (01024.HK)  0.000 (0.000%)    Short selling $394.96M; Ratio 19.095%   and BIDU-SW (09888.HK)  0.000 (0.000%)    Short selling $311.54M; Ratio 35.370%   sank 2.3% and 2.7%. BILIBILI-W (09626.HK)  0.000 (0.000%)    Short selling $243.76M; Ratio 22.356%   lost 3.6%. JD-SW (09618.HK)  0.000 (0.000%)    Short selling $304.58M; Ratio 24.655%   and BABA-W (09988.HK)  0.000 (0.000%)    Short selling $2.41B; Ratio 20.162%   subtracted 4.1% and 4.2%, respectively, while NTES-S (09999.HK)  0.000 (0.000%)    Short selling $260.89M; Ratio 24.888%   inched up 0.7%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-03-10 16:25.)

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