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Updated2024/12/23 15:10
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<H Shrs>HSI Swells 100 Pts at Midday; Home Appliances Continue to Surge w/ MIDEA GROUP Up 7%+
Opening 21 points lower, the HSI rebounded to rise 168 points at one point, peaking at 18,426. It concluded the midday 100 points, or 0.6%, higher at 18,359. The HSCEI added 47 poi...
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<H Shrs>HSI Swells 100 Pts at Midday; Home Appliances Continue to Surge w/ MIDEA GROUP Up 7%+
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Opening 21 points lower, the HSI rebounded to rise 168 points at one point, peaking at 18,426. It concluded the midday 100 points, or 0.6%, higher at 18,359. The HSCEI added 47 points, or 0.7%, to 6,428. The HSTECH grew 26 points, or 0.7%, to 3,730. The total half-day turnover for the market amounted to $66.748 billion.

Home appliance stocks thrived. Receiving a Buy rating for the first time and a TP of $90.08 from Citi, MIDEA GROUP (00300.HK)  +1.100 (+1.474%)    Short selling $45.15M; Ratio 20.855%   rocketed 7.2% to close at $68.6. HISENSE HA (00921.HK)  +0.250 (+1.037%)    Short selling $9.80M; Ratio 24.289%   and HAIER SMARTHOME (06690.HK)  +0.250 (+0.933%)    Short selling $30.78M; Ratio 12.533%   surged 5.3% and 3.3% respectively. E-commerce platform JD-SW (09618.HK)  +2.200 (+1.601%)    Short selling $91.66M; Ratio 10.284%   gained 2%.

As for other tech stocks, XIAOMI-W (01810.HK)  +0.100 (+0.316%)    Short selling $613.36M; Ratio 19.743%   released its Note 14 on Thursday (26th) and reportedly plans to deliver end-to-end smart driving within the year. Its stock price soared 3.9% to $20.65. BABA-W (09988.HK)  +0.900 (+1.124%)    Short selling $850.53M; Ratio 18.203%   and NTES-S (09999.HK)  +1.300 (+0.910%)    Short selling $64.87M; Ratio 22.288%   inched up 0.6%, while TENCENT (00700.HK)  -6.200 (-1.454%)    Short selling $1.67B; Ratio 18.971%   , BIDU-SW (09888.HK)  +2.600 (+3.173%)    Short selling $166.87M; Ratio 21.350%   , and KUAISHOU-W (01024.HK)  -0.300 (-0.702%)    Short selling $304.50M; Ratio 17.781%   dropped 0.4-0.6%. MEITUAN-W (03690.HK)  -3.000 (-1.892%)    Short selling $523.06M; Ratio 10.662%   dived 1.9%. In addition, CHINASOFT INT'L (00354.HK)  -0.060 (-1.149%)    Short selling $9.29M; Ratio 6.375%   escalated 5%, while XD INC (02400.HK)  -1.200 (-4.571%)    Short selling $8.72M; Ratio 10.932%   plunged 4.6%.

Handset component stocks AAC TECH (02018.HK)  +0.050 (+0.135%)    Short selling $21.15M; Ratio 21.136%   and BYD ELECTRONIC (00285.HK)  +0.350 (+0.894%)    Short selling $98.91M; Ratio 22.997%   rallied 4.8% and 2.6%. Chip equipment stock ASMPT (00522.HK)  +0.600 (+0.793%)    Short selling $9.82M; Ratio 22.419%   ascended 3.6%. Personal computer manufacturer LENOVO GROUP (00992.HK)  +0.020 (+0.211%)    Short selling $42.95M; Ratio 14.534%   climbed 3.2%.

Reports suggest the US may announce a proposal to ban the use of China's software and hardware in connected cars as early as today. EV stocks XPENG-W (09868.HK)  +0.400 (+0.823%)    Short selling $85.57M; Ratio 25.323%   and BYD COMPANY (01211.HK)  +2.600 (+0.974%)    Short selling $288.48M; Ratio 22.647%   declined 1.1%, while NIO-SW (09866.HK)  -0.350 (-0.992%)    Short selling $95.20M; Ratio 60.783%   plummeted 3.2%. Traditional car stocks GEELY AUTO (00175.HK)  -0.220 (-1.436%)    Short selling $76.17M; Ratio 13.128%   and GWMOTOR (02333.HK)  -0.260 (-1.868%)    Short selling $34.72M; Ratio 15.901%   jumped up by 3.1% and 2.4%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-23 16:25.)

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