＜H Shrs＞HSI Dips Less Than 1 pt at Close; Mobile Phones & Chips Surge, as ZTE Spikes 10%

　　Hong Kong stocks alternated between rise and fall today. HSI decremented less than 1 point to close at 17,523. HSCEI slumped 9 points or 0.2% to close at 6,275. HSTECH ascended 34 points or 1% to close at 3,600. Total market turnover for the whole day was $94.333 billion.

　　Apple reportedly raised the stock target of iPhone 16 series to 90 million units this year, Mobile phone component stocks BYD ELECTRONIC (00285.HK) +2.200 (+6.377%) Short selling $166.69M; Ratio 25.785% , COWELL (01415.HK) +1.600 (+7.033%) Short selling $7.62M; Ratio 4.635% , Q TECH (01478.HK) +0.240 (+6.299%) Short selling $630.51K; Ratio 6.739% and SUNNY OPTICAL (02382.HK) +3.350 (+7.764%) Short selling $129.80M; Ratio 14.544% rallied 6.3% to 7.8%, while FIH (02038.HK) +0.040 (+4.938%) Short selling $1.77M; Ratio 11.751% and FIT HON TENG (06088.HK) +0.650 (+21.311%) Short selling $25.77M; Ratio 5.884% surged 4.9% and 21.8%. ZTE (00763.HK) +1.700 (+9.827%) Short selling $38.01M; Ratio 5.759% expected to launch AI mobile phone in July, and its shares soared 9.8%.

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　　Chip stocks rose in external markets, and SMIC (00981.HK) +0.600 (+3.440%) Short selling $129.31M; Ratio 12.599% and HUA HONG SEMI (01347.HK) +1.650 (+7.801%) Short selling $37.98M; Ratio 7.020% lifted 3.4% and 7.8%. LENOVO GROUP (00992.HK) +0.380 (+3.461%) Short selling $96.47M; Ratio 17.625% also escalated 3.5%.

　　In other tech stocks, KUAISHOU-W (01024.HK) +1.850 (+4.044%) Short selling $391.57M; Ratio 25.897% mounted 4% as it proposed to repurchase up to $6 billion of Class B ordinary shares. BABA-SW (09988.HK) +0.700 (+0.975%) Short selling $468.22M; Ratio 19.103% , TENCENT (00700.HK) +2.400 (+0.634%) Short selling $1.49B; Ratio 30.239% and NTES-S (09999.HK) +1.000 (+0.697%) Short selling $105.33M; Ratio 16.447% elevated 0.7% to 1%, while BIDU-SW (09888.HK) -0.100 (-0.116%) Short selling $91.47M; Ratio 21.490% , XIAOMI-W (01810.HK) -0.060 (-0.365%) Short selling $240.05M; Ratio 17.594% and JD-SW (09618.HK) -0.800 (-0.777%) Short selling $125.67M; Ratio 13.534% fell less than 1%. MEITUAN-W (03690.HK) -2.300 (-1.966%) Short selling $870.41M; Ratio 23.086% lowered 2%. HSBC Global Research quoted MEITUAN management as saying it is keen to expand the takeaway market but has no plans to raise subsidies to compete for low-quality orders. EAST BUY (01797.HK) -0.520 (-4.377%) Short selling $8.73M; Ratio 5.167% saw its fan base fall below 30 million again, and its share price slumped 4.4%.

　　On the consumer front, ANTA SPORTS (02020.HK) -1.650 (-2.313%) Short selling $192.81M; Ratio 19.912% reported a mid-single digit YoY rise in branded products retail sales for the half-year, but some brokers cut their target prices, sending ANTA's share price down 2.3%. peer LI NING (02331.HK) -0.460 (-2.968%) Short selling $86.80M; Ratio 21.447% descended 3%. Auto agent ZHONGSHENG HLDG (00881.HK) +0.660 (+5.989%) Short selling $19.84M; Ratio 27.262% hiked 6% after its controlling shareholder and founder bought back shares.

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　　In other shares, HSBC HOLDINGS (00005.HK) -0.350 (-0.522%) Short selling $426.47M; Ratio 23.306% fell 0.5%, as HKEX (00388.HK) +0.200 (+0.083%) Short selling $168.05M; Ratio 17.301% and AIA (01299.HK) +0.500 (+0.981%) Short selling $209.30M; Ratio 14.594% advanced 0.1% and 1%. ZIJIN MINING (02899.HK) +0.320 (+1.826%) Short selling $173.03M; Ratio 19.697% forecasted a 41-50% increase in half-year net profit, and its shares inclined 1.8% for the day. CNBM (03323.HK) -0.420 (-13.770%) Short selling $72.43M; Ratio 19.184% expected itself to swing into a loss of RMB2 billion for the half year, and its shares crashed 13.8%.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-09 16:25.)

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