＜H Shrs＞HSI Fades 15 pts at Midday as BYD COMPANY Slips 3%+; CN Banks Elevate

　　Hong Kong stocks tossed in the morning session. The HSI dropped 15 points or 0.1% to 17,620 at midday. The HSCEI slid 6 points or 0.1% to 6,247. The HSTECH fell 31 points or 0.9% to 3,579. Total half-day turnover for the market amounted to $41.633 billion.

　　Tesla prospered overnight, while US-listed EV makers XPENG-W (09868.HK) +0.800 (+2.377%) Short selling $38.88M; Ratio 20.760% and NIO-SW (09866.HK) +0.850 (+2.391%) Short selling $3.18M; Ratio 19.426% jumped 2.4%. Berkshire Hathaway reduced its stake in BYD COMPANY (01211.HK) -7.600 (-3.089%) Short selling $211.41M; Ratio 28.641% to less than 5%, and BYD COMPANY's share price waned 3.1% to $238.4.

　　Related NewsUOB Kay Hian Slightly Cuts JD-SW (09618.HK) TP to $150; Flat Growth for JD Retail in 2FQ Miss

　　Chinese banks elevated. ABC (01288.HK) +0.090 (+2.647%) Short selling $85.65M; Ratio 33.792% and PSBC (01658.HK) +0.110 (+2.676%) Short selling $24.86M; Ratio 38.680% climbed 2.6% and 2.7%, while CCB (00939.HK) +0.090 (+1.661%) Short selling $284.05M; Ratio 31.777% , ICBC (01398.HK) +0.100 (+2.336%) Short selling $288.98M; Ratio 42.245% , BANKCOMM (03328.HK) +0.120 (+2.120%) Short selling $9.07M; Ratio 17.120% and CITIC BANK (00998.HK) +0.090 (+1.978%) Short selling $7.08M; Ratio 11.919% gained 1.7-2.3%. Official media quoted a source close to the People's Bank of China (PBOC) as saying that the reduction or waiver of MLF pledges can ease the pressure of “asset shortage” in the bond market.

　　For the rest of financials, HSBC HOLDINGS (00005.HK) +0.100 (+0.149%) Short selling $118.40M; Ratio 38.437% hiked 0.1%, while HKEX (00388.HK) -0.400 (-0.167%) Short selling $72.80M; Ratio 27.273% ebbed 0.2%. AIA (01299.HK) +0.650 (+1.208%) Short selling $131.18M; Ratio 22.271% picked up 1.2% to $54.45, while PING AN (02318.HK) -0.100 (-0.289%) Short selling $99.62M; Ratio 25.749% shed 0.3% as it completed the issuance of US$3.5 billion convertible bonds.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-23 12:25.)

　　AAStocks Financial News