Hong Kong stocks rose. The HSI elevated 360 points or 2.1% to close at 17,832. The HSCEI climbed 120 points or 1.9% to close at 6,371. The HSTECH mounted 96 points or 2.7% to close at 3,696. Total market turnover for the day amounted to $100.38 billion.
Handset part stock Q TECH (01478.HK) +0.970 (+24.129%) Short selling $5.21M; Ratio 2.685% hyped up 24.1% to $4.99 as it expected interim consolidated profit to soar by up to 5 times YoY. Apple (AAPL.US) reportedly informed suppliers that the delivery target for the iPhone 16 series is higher than that of the iPhone 15 series last year. Handset-related stocks SUNNY OPTICAL (02382.HK) +2.100 (+4.555%) Short selling $100.80M; Ratio 13.155% and AAC TECH (02018.HK) +1.950 (+6.019%) Short selling $109.43M; Ratio 28.710% advanced 4.6% and 6%, while handset stock XIAOMI-W (01810.HK) +0.560 (+3.474%) Short selling $205.97M; Ratio 17.979% also leaped 3.5%. Peripheral chip stocks inclined. SMIC (00981.HK) +0.420 (+2.365%) Short selling $84.98M; Ratio 14.241% also gained 2.4%, while chip equipment stock ASMPT (00522.HK) +3.400 (+3.195%) Short selling $14.79M; Ratio 18.750% mounted 3.2%.
Related NewsCLSA Elevates BYD COMPANY (01211.HK) TP to $300, Rating Outperform
The China Passenger Car Association (CPCA) said that the sales of passenger car and new energy vehicle last week increased by 6% and 37% YoY, respectively. Carmaker XPENG-W (09868.HK) +3.450 (+11.655%) Short selling $103.03M; Ratio 10.060% spiked 11.7%, while LI AUTO-W (02015.HK) +5.450 (+7.069%) Short selling $280.13M; Ratio 25.677% and NIO-SW (09866.HK) +1.900 (+5.390%) Short selling $6.76M; Ratio 11.324% escalated 7.1% and 5.4%. GEELY AUTO (00175.HK) +0.130 (+1.591%) Short selling $52.64M; Ratio 14.549% and BYD COMPANY (01211.HK) +4.600 (+1.943%) Short selling $313.85M; Ratio 18.509% hiked 1.6% and 1.9%. GWMOTOR (02333.HK) -0.360 (-2.839%) Short selling $136.59M; Ratio 19.920% expected its 1H24 net profit to increase 3.7-4.3 times YoY, and its share price opened 4.1% higher before falling. GWMOTOR sagged 2.8% at close.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-11 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
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