＜H Shrs＞HSI Closes Up 50 pts; Shipping Stocks Advance, as LI AUTO Lifts ~5%

　　Hong Kong stocks developed individually on the first trading day of 2H24. HSI escalated 50 points or 0.29% to close at 17,769. HSCEI inclined 43 points or 0.68% to close at 6,374. HSTECH fell 15 points or 0.43% to close at 3,539. The total market turnover for the day was $118.434 billion.

　　Auto stocks reveal June deliveries. Morgan Stanley commented that sales of LI AUTO-W (02015.HK) +3.500 (+4.979%) Short selling $168.42M; Ratio 18.970% , XPENG-W (09868.HK) +0.300 (+1.015%) Short selling $43.64M; Ratio 14.824% , ZEEKR (ZK.US) and BYD COMPANY (01211.HK) -3.800 (-1.638%) Short selling $284.54M; Ratio 22.447% were broadly in line with expectations, while NIO-SW (09866.HK) +0.250 (+0.734%) Short selling $19.30M; Ratio 30.386% has beaten expectations. Among them, LI AUTO was the best blue-chip performer, hiking nearly 5% on the day, after delivering 47,700 new vehicles in June, up 46.7% YoY. XPENG added 1% after delivering 17,700 electric vehicles in June, up 24% YoY. BYD dropped 1.6%, with June sales of 341,600 new energy vehicles, up 35% YoY.

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　　In addition, GEELY AUTO (00175.HK) -0.310 (-3.527%) Short selling $184.12M; Ratio 23.074% decreased 3.5%. Its total car sales grew 24% in June, and the full-year sales target was raised by 5%. In addition, GEELY's 1Q net profit was RMB1.561 billion, a YoY increase of 1.19x, in line with street expectations. The company's joint venture brought in Saudi Aramco as a major shareholder, with a stake of 10%.

　　XIAOMI-W (01810.HK) +0.180 (+1.092%) Short selling $151.31M; Ratio 14.617% lifted 1.1%. Delivery of Xiaomi SU7 delivery last month reached over 10,000 units and is expected to continue to top 10,000 units this month.

　　Technology stocks traded individually, with BABA-SW (09988.HK) -0.050 (-0.071%) Short selling $270.96M; Ratio 8.851% down 0.1%. TENCENT (00700.HK) -3.200 (-0.859%) Short selling $1.17B; Ratio 11.646% descended 0.9%. MEITUAN-W (03690.HK) +1.100 (+0.990%) Short selling $442.77M; Ratio 14.467% elevated nearly 1%. NTES-S (09999.HK) -0.300 (-0.201%) Short selling $74.63M; Ratio 9.489% , JD-SW (09618.HK) -2.100 (-2.033%) Short selling $78.43M; Ratio 6.665% , BIDU-SW (09888.HK) -1.350 (-1.584%) Short selling $182.09M; Ratio 22.896% and KUAISHOU-W (01024.HK) -0.500 (-1.083%) Short selling $104.78M; Ratio 11.641% waned 0.2% to 2%. SENSETIME-W (00020.HK) +0.060 (+4.545%) Short selling $27.82M; Ratio 4.320% rose 4.5%. BILIBILI-W (09626.HK) -6.000 (-4.728%) Short selling $191.10M; Ratio 33.453% plummeted 4.7%, amid reports that some functions of BILIBILI's app are malfunctioning and are under repair.

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　　Maersk expected the Red Sea situation to continue into 3Q24, and shipping stocks advanced. OOIL (00316.HK) +5.900 (+4.657%) Short selling $14.82M; Ratio 4.498% mounted 4.7%. COSCO SHIP HOLD (01919.HK) +0.620 (+4.539%) Short selling $36.52M; Ratio 7.353% and PACIFIC BASIN (02343.HK) +0.100 (+4.065%) Short selling $8.36M; Ratio 18.560% both lifted over 4%. SITC (01308.HK) +0.100 (+0.472%) Short selling $11.89M; Ratio 10.772% and COSCO SHIP ENGY (01138.HK) +0.020 (+0.197%) Short selling $10.88M; Ratio 12.702% inclined 0.5% and 0.2% respectively.

　　HKEX (00388.HK) -1.400 (-0.560%) Short selling $134.78M; Ratio 9.773% is rumoured to be consulting the industry on improving IPO pricing, with the possibility of reviewing the public offering clawback mechanism and the restriction on the lock-up for cornerstone investors. HKEX shares dipped 0.6% for the day.

　　The 3 barrels of oil rallied. CNOOC (00883.HK) +1.000 (+4.464%) Short selling $319.25M; Ratio 13.911% elevated 4.5%, PETROCHINA (00857.HK) +0.330 (+4.177%) Short selling $572.09M; Ratio 33.180% ascended 4.2%, and SINOPEC CORP (00386.HK) +0.060 (+1.186%) Short selling $109.81M; Ratio 16.704% inclined 1.2%.

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　　XINYI SOLAR (00968.HK) -0.220 (-5.598%) Short selling $56.57M; Ratio 27.003% expected interim net profit to increase by 35-45% YoY, but also said that the group's results for 1H24 are expected to be less than that of 2H23. Its shares plummeted 5.6% for the day, making it the worst-performing blue chip.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-02 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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