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<H Shrs>HSI Rises 17 pts at Close, as NTES Hikes 6% and Chips Rally
Hong Kong stocks were volatile today. HSI incremented 17 points or 0.1% to close at 18,089. HSCEI rose 12 points or 0.2% to close at 6,477. HSTECH escalated 34 points or 0.9% to cl...
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<H Shrs>HSI Rises 17 pts at Close, as NTES Hikes 6% and Chips Rally
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Hong Kong stocks were volatile today. HSI incremented 17 points or 0.1% to close at 18,089. HSCEI rose 12 points or 0.2% to close at 6,477. HSTECH escalated 34 points or 0.9% to close at 3,689. Total turnover for the day was $95.15 billion.

MEITUAN-W (03690.HK)  -2.600 (-2.287%)    Short selling $240.53M; Ratio 18.245%   refused to comment on the news of it considering a bond issue of more than US$1 billion, and its shares elevated 0.2% to $117. 104 domestic games were approved in China during June, including "Roco Kingdom: World" by TENCENT (00700.HK)  -2.000 (-0.534%)    Short selling $306.36M; Ratio 11.937%   . TENCENT shares closed flat at $382. "Naraka: Bladepoint" mobile by NTES-S (09999.HK)  -1.200 (-0.798%)    Short selling $44.63M; Ratio 12.284%   will launch public beta on 25 July, and its shares hiked 6.2% to $150.6, becoming the best-performing blue chip.

Related NewsJPM: NetEase to Launch 3 Highly-anticipated Games in Jul; Reiterated as Top Pick in Online Game Sector
As NVIDIA rebounded, chip stocks SMIC (00981.HK)  +0.180 (+1.063%)    Short selling $21.79M; Ratio 8.443%   and HUA HONG SEMI (01347.HK)  +0.100 (+0.456%)    Short selling $12.86M; Ratio 9.260%   lifted 2.9% and 4.3% each, while chip equipment stock ASMPT (00522.HK)  -0.500 (-0.457%)    Short selling $8.63M; Ratio 10.037%   mounted 5.9%. Mobile phone component stocks Q TECH (01478.HK)  +0.030 (+0.733%)    Short selling $622.86K; Ratio 9.197%   and SUNNY OPTICAL (02382.HK)  +0.250 (+0.521%)    Short selling $74.24M; Ratio 25.186%   also ascended 2.5% and 3.4%.

In other tech stocks, BABA-SW (09988.HK)  -1.050 (-1.468%)    Short selling $190.33M; Ratio 17.332%   , XIAOMI-W (01810.HK)  -0.060 (-0.363%)    Short selling $140.14M; Ratio 19.178%   , BIDU-SW (09888.HK)  -0.850 (-0.987%)    Short selling $73.44M; Ratio 23.376%   and BILIBILI-W (09626.HK)  +0.200 (+0.158%)    Short selling $36.37M; Ratio 19.313%   elevated 0.1-0.5%, while KUAISHOU-W (01024.HK)  -0.250 (-0.539%)    Short selling $73.04M; Ratio 13.184%   and SENSETIME-W (00020.HK)  -0.020 (-1.493%)    Short selling $21.51M; Ratio 7.674%   rose 1.3% and 2.2%. JD-SW (09618.HK)  -2.200 (-2.085%)    Short selling $68.90M; Ratio 18.352%   declined 1.4%, while KINGSOFT CLOUD (03896.HK)  +0.010 (+0.735%)    Short selling $588.52K; Ratio 23.791%   and PA GOODDOCTOR (01833.HK)  +0.060 (+0.527%)    Short selling $5.32M; Ratio 31.678%   advanced 3.7% and 5.6%.

As for car stocks, Berkshire Hathaway reduced its stake in BYD COMPANY (01211.HK)  +1.200 (+0.520%)    Short selling $110.38M; Ratio 27.770%   last Wednesday to cash out $473 million, reducing its holding to 5.99%. BYD waned 0.9% to close at $237.4. LI AUTO-W (02015.HK)  -1.900 (-2.632%)    Short selling $72.05M; Ratio 34.748%   escalated 4%, as XPENG-W (09868.HK)  -1.100 (-3.589%)    Short selling $40.15M; Ratio 29.019%   and GEELY AUTO (00175.HK)  -0.110 (-1.236%)    Short selling $18.23M; Ratio 19.254%   inclined 1.6% and 2.1%.

Related NewsJefferies: CN NPPA Supports Prosperous, Healthy Development of Online Game Sector
Lithium futures in the Mainland pumped higher, driving GANFENGLITHIUM (01772.HK)  -0.780 (-4.875%)    Short selling $29.93M; Ratio 37.114%   and TIANQI LITHIUM (09696.HK)  -1.000 (-4.274%)    Short selling $3.50M; Ratio 12.992%   to spike over 6%. The Baltic Dry Index fell more than 2%, and PACIFIC BASIN (02343.HK)  +0.060 (+2.500%)    Short selling $2.63M; Ratio 24.524%   slumped 3.2%.

In consumer stocks, WANT WANT CHINA (00151.HK)  -0.080 (-1.667%)    Short selling $962.58K; Ratio 3.820%   surged 11.1%. The company announced yesterday afternoon that it earned 18% more for the year and increased its final dividend. Citi noted that UK and European institutional investors are showing interest in re-examining their China positions, especially in high-yield consumer stocks. MENGNIU DAIRY (02319.HK)  -0.320 (-2.235%)    Short selling $43.40M; Ratio 26.238%   and BUD APAC (01876.HK)  -0.230 (-2.439%)    Short selling $19.81M; Ratio 37.080%   rallied 5% and 4.5%, but TOPSPORTS (06110.HK)  -0.250 (-5.682%)    Short selling $3.31M; Ratio 8.387%   and HISENSE HA (00921.HK)  -1.339 (-4.952%)    Short selling $14.40M; Ratio 16.827%   plunged 3.5% and 5%.

As for other stocks, ESPRIT HOLDINGS (00330.HK)  -0.019 (-11.310%)   closed rising 1.2%. It once skyrocketed 34% after announcing that the sale of its Greater China trademarks was in the final stages of negotiation. TVB (00511.HK)  +0.010 (+0.302%)   shares mushroomed 4.3% after the company entered into a new framework cooperation with Tencent Video.

Related NewsCiti: 104 CN Games Approved in Jun in Total, Slightly Bigger than Apr/ May
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-28 12:25.)

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