＜H Shrs＞HSI Routs 368 pts at Midday Amid Selling Pressures on Consumer Stocks; XIAOMI & TINGYI Crash 7%+

　　On index futures settlement day, Hong Kong stocks retreated in the morning session. HSI slumped 368 points or 2% to 17,721 at midday, while HSCEI reduced 142 points or 2.2% to 6,334. HSTECH lost 91 points or 2.5% to 3,598. Half-day turnover totalled $52.792 billion.

　　Amazon (AMZN.US) plans to launch a Temu-like store that ships directly from China. E-commerce stock BABA-SW (09988.HK) -1.450 (-1.990%) Short selling $144.94M; Ratio 12.500% decreased 2%. In other tech stocks, XIAOMI-W (01810.HK) -1.360 (-7.632%) Short selling $307.76M; Ratio 12.757% crashed 7.6% to $16.46. TENCENT (00700.HK) -5.600 (-1.466%) Short selling $280.67M; Ratio 11.565% , BIDU-SW (09888.HK) -1.600 (-1.833%) Short selling $114.19M; Ratio 29.018% and KUAISHOU-W (01024.HK) -0.700 (-1.474%) Short selling $48.82M; Ratio 10.484% dropped 1.5% to 1.8%, as JD-SW (09618.HK) -2.500 (-2.317%) Short selling $103.82M; Ratio 26.098% , MEITUAN-W (03690.HK) -3.400 (-2.906%) Short selling $134.98M; Ratio 10.784% and SENSETIME-W (00020.HK) -0.040 (-2.857%) Short selling $13.25M; Ratio 5.093% fell 2.3% to 2.9%.

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　　Memory chip stock Micron (MU.US) slipped during after-hours as its revenue forecast failed to beat expectations. Chip stocks SMIC (00981.HK) -0.500 (-2.825%) Short selling $19.42M; Ratio 5.604% and HUA HONG SEMI (01347.HK) -0.600 (-2.632%) Short selling $9.05M; Ratio 6.452% declined more than 2%, but chip equipment stock ASMPT (00522.HK) +5.200 (+5.029%) Short selling $26.81M; Ratio 10.209% rebounded 5%.

　　Tesla advanced over 4% last night. Auto stock NIO-SW (09866.HK) +1.000 (+2.890%) Short selling $18.53M; Ratio 34.466% escalated 2.9%, while BYD COMPANY (01211.HK) -6.200 (-2.612%) Short selling $150.93M; Ratio 24.536% , GEELY AUTO (00175.HK) -0.250 (-2.732%) Short selling $15.21M; Ratio 12.803% , GWMOTOR (02333.HK) -0.320 (-2.556%) Short selling $19.77M; Ratio 29.150% and LEAPMOTOR (09863.HK) -0.550 (-2.037%) Short selling $3.46M; Ratio 16.916% each descended more than 2%.

　　Consumer and domestic demand stocks were under selling pressure. HISENSE HA (00921.HK) -3.400 (-10.828%) Short selling $28.47M; Ratio 21.963% cratered 10.8%, TINGYI (00322.HK) -0.720 (-7.171%) Short selling $24.16M; Ratio 30.733% and NONGFU SPRING (09633.HK) -2.600 (-6.492%) Short selling $55.21M; Ratio 23.711% crumpled 7.2% and 6.5%, as HAIER SMARTHOME (06690.HK) -1.550 (-5.596%) Short selling $42.90M; Ratio 25.705% plummeted 5.6%. LI NING (02331.HK) -0.540 (-3.047%) Short selling $11.30M; Ratio 5.776% , HAIDILAO (06862.HK) -0.520 (-3.562%) Short selling $12.12M; Ratio 18.142% , CHINA RES BEER (00291.HK) -0.850 (-3.020%) Short selling $13.71M; Ratio 11.945% and MENGNIU DAIRY (02319.HK) -0.460 (-3.142%) Short selling $35.37M; Ratio 14.028% routed 3% to 3.6%.

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　　CHINA OVERSEAS (00688.HK) -0.720 (-5.114%) Short selling $28.64M; Ratio 18.248% and LONGFOR GROUP (00960.HK) -0.340 (-2.998%) Short selling $19.82M; Ratio 31.635% dived 5.1% and 3% respectively after Beijing's minimum downpayment ratio for first home purchases was lowered to 20%.

　　CHINA LIFE (02628.HK) -0.280 (-2.460%) Short selling $43.69M; Ratio 23.748% passed a motion on interim profit distribution, proposing a cash dividend of no more than 30% of net profit, and its shares lowered 2.5% along with the market. In other financials, HSBC HOLDINGS (00005.HK) -0.650 (-0.952%) Short selling $135.74M; Ratio 30.272% and HKEX (00388.HK) -3.400 (-1.328%) Short selling $72.34M; Ratio 14.378% reduced 1% and 1.3%, while AIA (01299.HK) -1.350 (-2.479%) Short selling $164.19M; Ratio 14.301% and PING AN (02318.HK) -0.850 (-2.310%) Short selling $212.98M; Ratio 26.333% shed more than 2%.

　　BOSIDENG (03998.HK) +0.290 (+6.697%) Short selling $49.42M; Ratio 18.290% 's full-year net profit grew 44% and the company raised its final dividend. Its shares surged 6.7% to $4.62.

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　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-27 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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