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<H Shrs>HSI Closes Down 371 pts as BIDU-SW Craters 8%+; Techs, CN Insurers, Brokers Feeble
The HSI slipped 371 points or 1.9% to close at 19,229. The HSCEI faded 147 points or 2.1% to close at 6,887. The HSTECH lost 111 points or 2.6% to close at 4,246. The total market ...
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<H Shrs>HSI Closes Down 371 pts as BIDU-SW Craters 8%+; Techs, CN Insurers, Brokers Feeble
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The HSI slipped 371 points or 1.9% to close at 19,229. The HSCEI faded 147 points or 2.1% to close at 6,887. The HSTECH lost 111 points or 2.6% to close at 4,246. The total market turnover for the day amounted to $157.983 billion.

BIDU-SW (09888.HK)  -7.200 (-8.587%)    Short selling $592.08M; Ratio 28.397%   slumped 8.6% as its 3Q24 non-GAAP net profit shed 19%, and JPMorgan said that its core profit margin missed market consensus. PDD (PDD.US)      's quarterly results missed expectations, and its share price tumbled over 10%, while e-commerce-related stocks BABA-W (09988.HK)  -3.700 (-4.384%)    Short selling $1.08B; Ratio 12.034%   and KUAISHOU-W (01024.HK)  -2.200 (-4.741%)    Short selling $691.75M; Ratio 26.154%   cascaded 4.4%. JD-SW (09618.HK)  -0.400 (-0.290%)    Short selling $691.79M; Ratio 28.163%   ebbed 0.3%.

Related NewsEIA Crude Oil Stocks Change for Nov/15 in United States is 0.545M, lower than the previous value of 2.089M. The forecast was 0.4M.
The market is looking forward to the sale of Huawei's Mate70 mobile phone. Handset parts stock AAC TECH (02018.HK)  +2.500 (+7.874%)    Short selling $76.65M; Ratio 13.315%   swelled 7.9%, while Q TECH (01478.HK)  +0.220 (+4.029%)    Short selling $7.89M; Ratio 3.292%   and BYD ELECTRONIC (00285.HK)  +1.400 (+4.268%)    Short selling $193.17M; Ratio 15.844%   leaped 4.3% and 4%. SUNNY OPTICAL (02382.HK)  +1.250 (+2.197%)    Short selling $298.82M; Ratio 17.004%   jumped 2.2%, while handset maker XIAOMI-W (01810.HK)  +0.400 (+1.421%)    Short selling $1.49B; Ratio 20.180%   climbed 1.4%.

For other techs, TENCENT (00700.HK)  -7.000 (-1.717%)    Short selling $1.22B; Ratio 17.727%   receded 1.7%, while BILIBILI-W (09626.HK)  -5.100 (-3.455%)    Short selling $81.10M; Ratio 13.237%   and MEITUAN-W (03690.HK)  -5.600 (-3.243%)    Short selling $1.15B; Ratio 26.621%   waned over 3%. Semiconductor stocks SMIC (00981.HK)  -1.800 (-6.704%)    Short selling $653.79M; Ratio 18.387%   and HUA HONG SEMI (01347.HK)  -1.650 (-7.500%)    Short selling $361.41M; Ratio 24.835%   stumbled 6.7% and 7.5%.

In addition, XD INC (02400.HK)  +1.450 (+6.360%)    Short selling $22.92M; Ratio 8.642%   elevated 6.4%, while JD HEALTH (06618.HK)  -1.300 (-4.545%)    Short selling $57.25M; Ratio 31.166%   and ALI HEALTH (00241.HK)  -0.210 (-5.585%)    Short selling $123.58M; Ratio 41.299%   eroded 4.5% and 5.6%. CHINASOFT INT'L (00354.HK)  -0.360 (-6.239%)    Short selling $6.33M; Ratio 3.450%   , WEIMOB INC (02013.HK)  -0.110 (-6.548%)    Short selling $13.93M; Ratio 12.528%   , KINGDEE INT'L (00268.HK)  -0.660 (-6.999%)    Short selling $69.50M; Ratio 27.937%   , HORIZONROBOT-W (09660.HK)  -0.300 (-7.317%)   and SENSETIME-W (00020.HK)  -0.120 (-7.742%)    Short selling $132.81M; Ratio 14.106%   shrank 6.2-7.7%.

Related NewsUBS Raises Trip.com (TCOM.US) TP to US$80 as 4Q Outlook More Solid than Expected
For financials, HSBC HOLDINGS (00005.HK)  -0.050 (-0.070%)    Short selling $286.57M; Ratio 32.160%   and AIA (01299.HK)  -0.400 (-0.704%)    Short selling $487.85M; Ratio 21.150%   slid 0.1% and 0.7%, while HKEX (00388.HK)  -12.600 (-4.223%)    Short selling $616.03M; Ratio 18.210%   declined 4.2%. The SHCI fell over 3%, while Chinese insurers PICC GROUP (01339.HK)  -0.160 (-4.145%)    Short selling $25.83M; Ratio 15.725%   , CHINA TAIPING (00966.HK)  -0.520 (-4.167%)    Short selling $8.94M; Ratio 6.081%   and CPIC (02601.HK)  -1.200 (-4.678%)    Short selling $37.19M; Ratio 14.149%   lost more than 4%. ZA ONLINE (06060.HK)  -0.780 (-5.795%)    Short selling $20.46M; Ratio 25.958%   dipped 5.8%, while CHINA LIFE (02628.HK)  -1.040 (-6.684%)    Short selling $224.78M; Ratio 12.402%   and NCI (01336.HK)  -1.950 (-7.847%)    Short selling $125.96M; Ratio 16.402%   descended over 7%.

Brokers HTSC (06886.HK)  -0.540 (-4.000%)    Short selling $33.87M; Ratio 17.798%   sank 4%, while CITIC SEC (06030.HK)  -1.200 (-5.275%)    Short selling $147.77M; Ratio 22.640%   , CICC (03908.HK)  -0.760 (-5.398%)    Short selling $52.55M; Ratio 12.928%   and CSC (06066.HK)  -0.580 (-5.441%)    Short selling $33.17M; Ratio 15.596%   tumbled more than 5%. CGS (06881.HK)  -0.460 (-6.174%)    Short selling $51.98M; Ratio 9.862%   dived 6.2%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-22 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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