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Updated2024/11/08 15:10
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<H Shrs>HSI Climbs 28 Pts Midday; Home Appliances In Demand; EAST BUY Cascades 21%
At midday close, the HSI added 28 pts or 0.17% to 17,033; the HSCEI dropped 4 pts or 0.1% to 6,012; the HSTECH rose 22 pts or 0.7% to 3,443. The total turnover of the market was $6...
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<H Shrs>HSI Climbs 28 Pts Midday; Home Appliances In Demand; EAST BUY Cascades 21%
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At midday close, the HSI added 28 pts or 0.17% to 17,033; the HSCEI dropped 4 pts or 0.1% to 6,012; the HSTECH rose 22 pts or 0.7% to 3,443. The total turnover of the market was $60.193 billion in the first half of the day.

EAST BUY (01797.HK)  -0.260 (-1.526%)    Short selling $71.35M; Ratio 17.386%   announced the departure of Dong Yuhui, and that it intended to repurchase shares worth no more than RMB500 million. At midday, the stock price skydived 21% to $9.8. Fellow company NEW ORIENTAL-S (09901.HK)  -1.550 (-3.229%)    Short selling $47.20M; Ratio 24.774%   slumped 5.4% to $54.4. The Chinese government's subsidy policy for home appliance trade-ins continued to cheer up related stocks. JD-SW (09618.HK)  +1.700 (+1.107%)    Short selling $219.16M; Ratio 8.883%   surged 3.6% to $102.9, TCL ELECTRONICS (01070.HK)  -0.180 (-3.291%)    Short selling $1.72M; Ratio 2.242%   spiked 5.1%. HAIER SMARTHOME (06690.HK)  -0.250 (-0.887%)    Short selling $27.12M; Ratio 7.487%   and HISENSE HA (00921.HK)  +1.350 (+5.433%)    Short selling $26.01M; Ratio 20.532%   shot up 4.7% and 3.9%.

Among other techs, BABA-SW (09988.HK)  -1.650 (-1.725%)    Short selling $872.54M; Ratio 12.182%   dipped 0.1% to $73.25. TENCENT (00700.HK)  -7.600 (-1.774%)    Short selling $523.96M; Ratio 6.352%   rebounded 1.2% to $355.4. MEITUAN-W (03690.HK)  -8.100 (-4.052%)    Short selling $1.33B; Ratio 17.283%   and BIDU-SW (09888.HK)  -0.850 (-0.947%)    Short selling $80.11M; Ratio 15.375%   sagged 0.2%. XIAOMI-W (01810.HK)  +0.450 (+1.616%)    Short selling $905.27M; Ratio 14.372%   gained 1.9%. NTES-S (09999.HK)  -7.100 (-5.613%)    Short selling $382.23M; Ratio 20.535%   dropped 1.7%. ALI HEALTH (00241.HK)  -0.120 (-2.703%)    Short selling $95.85M; Ratio 31.806%   , JD HEALTH (06618.HK)  -1.550 (-5.099%)    Short selling $102.54M; Ratio 22.726%   , GDS-SW (09698.HK)  +1.750 (+8.393%)    Short selling $38.63M; Ratio 37.271%   and XD INC (02400.HK)  -0.350 (-1.584%)    Short selling $6.99M; Ratio 14.292%   climbed more than 2%. Chip equipment stock ASMPT (00522.HK)  -1.450 (-1.712%)    Short selling $10.09M; Ratio 6.096%   picked up 1% to $79.5 in early trading.

EV maker Tesla bounced back, whereas the Chinese government raised the subsidy for scrapping and replacing vehicles. LI AUTO-W (02015.HK)  -1.750 (-1.789%)    Short selling $165.80M; Ratio 13.022%   , XPENG-W (09868.HK)  +7.350 (+14.700%)    Short selling $455.58M; Ratio 13.930%   , BYD COMPANY (01211.HK)  -1.600 (-0.571%)    Short selling $333.75M; Ratio 20.516%   and GEELY AUTO (00175.HK)  +0.400 (+2.789%)    Short selling $310.67M; Ratio 18.723%   each rose more than 1%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-08 16:25.)

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