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<H Shrs>HSI Slips 774 Pts at Close; CN Developers, Consumers Collapse; CHINA RES BEER Dives 13%
Opening 46 points lower, the HSI once ticked up 2 points to peak at 21,095 in the early session, but then plunged 938 points at one point to as low as 20,154 near the market close....
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<H Shrs>HSI Slips 774 Pts at Close; CN Developers, Consumers Collapse; CHINA RES BEER Dives 13%
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Opening 46 points lower, the HSI once ticked up 2 points to peak at 21,095 in the early session, but then plunged 938 points at one point to as low as 20,154 near the market close. It ended the day down 774 points, or 3.7%, at 20,318. The HSCEI faded 302 points, or 4%, closing at 7,277. The HSTECH waned 217 points, or 4.7% to close at 4,450. The total market turnover for the day amounted to $261.288 billion.

As for techs, BABA-W (09988.HK)  -0.800 (-0.962%)    Short selling $263.53M; Ratio 7.281%   , TENCENT (00700.HK)  -2.600 (-0.619%)    Short selling $544.93M; Ratio 9.630%   , JD-SW (09618.HK)  -5.000 (-3.549%)    Short selling $87.42M; Ratio 7.436%   , NTES-S (09999.HK)  -0.500 (-0.351%)    Short selling $51.80M; Ratio 20.390%   , and KUAISHOU-W (01024.HK)  -0.800 (-1.858%)    Short selling $177.12M; Ratio 14.518%   fell 4-5.1%. BIDU-SW (09888.HK)  -0.650 (-0.759%)    Short selling $163.35M; Ratio 29.366%   shed 5.8%. MEITUAN-W (03690.HK)  -0.400 (-0.258%)    Short selling $345.01M; Ratio 9.478%   and BILIBILI-W (09626.HK)  -1.100 (-0.740%)    Short selling $51.50M; Ratio 16.119%   slid 7% and 7.8%. XIAOMI-W (01810.HK)  +1.400 (+4.275%)    Short selling $1.26B; Ratio 13.915%   slipped 2.5%. In addition, KINGSOFT CLOUD (03896.HK)  +1.750 (+37.797%)    Short selling $70.31M; Ratio 3.479%   and EAST BUY (01797.HK)  -0.660 (-3.691%)    Short selling $67.53M; Ratio 7.197%   sank 7.5% and 9.5%. Q TECH (01478.HK)  -0.180 (-2.703%)    Short selling $10.16M; Ratio 8.867%   , HUA HONG SEMI (01347.HK)  +1.150 (+5.437%)    Short selling $39.81M; Ratio 4.290%   , SENSETIME-W (00020.HK)  +0.050 (+3.378%)    Short selling $137.16M; Ratio 14.499%   , WEIMOB INC (02013.HK)  +0.100 (+3.077%)    Short selling $97.00M; Ratio 2.334%   , KINGDEE INT'L (00268.HK)  -0.250 (-2.759%)    Short selling $54.57M; Ratio 15.778%   , and CHINASOFT INT'L (00354.HK)  +0.010 (+0.194%)    Short selling $7.29M; Ratio 4.751%   sagged 5.1-6.3%.

Consumer stocks continued to falter. CHINA RES BEER (00291.HK)  -0.600 (-2.335%)    Short selling $38.73M; Ratio 13.319%   cascaded 13%. TRIP.COM-S (09961.HK)  -2.000 (-0.357%)    Short selling $136.20M; Ratio 20.659%   , MENGNIU DAIRY (02319.HK)  -0.540 (-3.013%)    Short selling $54.89M; Ratio 18.123%   , TSINGTAO BREW (00168.HK)  -0.850 (-1.530%)    Short selling $22.15M; Ratio 16.891%   , ALI PICTURES (01060.HK)  +0.005 (+1.031%)    Short selling $11.66M; Ratio 11.403%   , YIHAI INTL (01579.HK)  -0.700 (-4.436%)    Short selling $15.85M; Ratio 15.271%   , MAOYAN ENT (01896.HK)  -0.490 (-5.665%)    Short selling $2.86M; Ratio 4.570%   , CTG DUTY-FREE (01880.HK)  -1.900 (-3.357%)    Short selling $7.21M; Ratio 8.804%   , and CHINA FEIHE (06186.HK)  +0.070 (+1.318%)    Short selling $4.21M; Ratio 4.482%   lost 6.8-8%. JIUMAOJIU (09922.HK)  -0.140 (-3.889%)    Short selling $1.23M; Ratio 1.475%   plummeted 9.6%.

Financial stocks also trended downward. Chinese insurers CHINA LIFE (02628.HK)  -0.160 (-1.077%)    Short selling $47.98M; Ratio 11.295%   , PING AN (02318.HK)  -0.250 (-0.536%)    Short selling $141.52M; Ratio 11.555%   , ZA ONLINE (06060.HK)  -0.080 (-0.670%)    Short selling $9.51M; Ratio 17.561%   , and PICC GROUP (01339.HK)  0.000 (0.000%)    Short selling $8.72M; Ratio 8.377%   drooped 4.9-5.8%. NCI (01336.HK)  -0.150 (-0.624%)    Short selling $26.67M; Ratio 11.187%   tumbled 10%.

Chinese developers CHINA VANKE (02202.HK)  -0.050 (-0.887%)    Short selling $27.45M; Ratio 16.875%   , SEAZEN (01030.HK)  -0.020 (-1.105%)    Short selling $3.18M; Ratio 9.552%   , and SINO-OCEAN GP (03377.HK)  -0.015 (-5.660%)   receded 6.5-8.5%, while AGILE GROUP (03383.HK)  -0.020 (-2.532%)   , KWG GROUP (01813.HK)  -0.005 (-1.220%)   , R&F PROPERTIES (02777.HK)  -0.010 (-0.709%)    Short selling $569.80K; Ratio 2.993%   , SUNAC (01918.HK)  +0.020 (+0.851%)    Short selling $7.61M; Ratio 2.183%   , and CIFI HOLD GP (00884.HK)  -0.005 (-1.667%)   slumped 10-13%. Property manager CG SERVICES (06098.HK)  -0.020 (-0.359%)    Short selling $9.92M; Ratio 19.147%   plummeted 8.6%. CNOOC (00883.HK)  +0.080 (+0.430%)    Short selling $298.26M; Ratio 19.539%   shed 4.2%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-27 16:25.)

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