＜H Shrs＞HSI Wanes 51 pts at Close as Resource, Energy Stocks Fall; BIDU Surges 10%

　　The HSI lost 51 points or 0.3% to close at 17,471. The HSCEI dropped 24 points or 0.4% to close at 6,251. The HSTECH ebbed less than 1 point to close at 3,600. Total market turnover for the day amounted to $102.34 billion.

　　For techs, BIDU-SW (09888.HK) +8.750 (+10.139%) Short selling $569.96M; Ratio 18.161% surged 10.1% to $95.05 on Beijing's plan to support self-driving cars to operate as rideshares. BABA-SW (09988.HK) +0.600 (+0.828%) Short selling $535.40M; Ratio 20.232% , MEITUAN-W (03690.HK) +0.200 (+0.174%) Short selling $870.38M; Ratio 24.237% and BILIBILI-W (09626.HK) +0.800 (+0.617%) Short selling $85.58M; Ratio 17.195% added 0.2-0.8%, while JD-SW (09618.HK) +1.700 (+1.663%) Short selling $158.24M; Ratio 16.304% gained 1.7%. TENCENT (00700.HK) -3.400 (-0.892%) Short selling $1.53B; Ratio 25.717% faded 0.9% to $377.6, while XIAOMI-W (01810.HK) -0.280 (-1.707%) Short selling $219.46M; Ratio 16.643% , NTES-S (09999.HK) -2.800 (-1.938%) Short selling $126.27M; Ratio 12.463% and KUAISHOU-W (01024.HK) -0.500 (-1.050%) Short selling $263.48M; Ratio 26.064% shed 1.1-1.9%. Meanwhile, WEIMOB INC (02013.HK) +0.050 (+3.571%) Short selling $1.77M; Ratio 6.651% and GDS-SW (09698.HK) +0.440 (+3.860%) Short selling $3.42M; Ratio 5.891% leaped over 3%.

　　Related NewsHSBC Global Research Cuts BABA-SW (09988.HK) TP to $109, Rating Buy

　　Resource metals stocks slipped. CHALCO (02600.HK) -0.490 (-8.551%) Short selling $37.01M; Ratio 10.462% and MMG (01208.HK) -0.260 (-7.975%) Short selling $9.75M; Ratio 7.198% slumped 8.6% and 8%, while JIANGXI COPPER (00358.HK) -0.800 (-4.884%) Short selling $25.41M; Ratio 20.831% and CHINAHONGQIAO (01378.HK) -0.840 (-6.840%) Short selling $63.09M; Ratio 12.254% receded 4.9% and 6.8%. ANGANG STEEL (00347.HK) -0.040 (-3.252%) Short selling $1.41M; Ratio 8.572% , which is estimated to widen interim loss to RMB2.679, shrank 3.3%.

　　Coal stocks CHINA SHENHUA (01088.HK) -1.800 (-4.952%) Short selling $260.81M; Ratio 16.207% and CHINA COAL (01898.HK) -0.500 (-5.675%) Short selling $63.19M; Ratio 19.692% descended 5% and 5.7%, while YANKUANG ENERGY (01171.HK) -0.820 (-7.387%) Short selling $85.54M; Ratio 10.806% eroded 7.4%. Oils SINOPEC CORP (00386.HK) -0.180 (-3.571%) Short selling $131.42M; Ratio 19.644% , PETROCHINA (00857.HK) -0.240 (-2.909%) Short selling $227.23M; Ratio 18.780% and CNOOC (00883.HK) -0.800 (-3.486%) Short selling $424.59M; Ratio 15.753% cascaded 2.9-3.6%, while natural gas stock KUNLUN ENERGY (00135.HK) -0.360 (-4.086%) Short selling $21.87M; Ratio 11.973% dipped 4.1%.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-10 16:25.)

　　AAStocks Financial News