＜H Shrs＞HSI Lowers 143 pts at Open as Techs Slump, But NIO & XPENG Rise

　　Hong Kong stocks opened down in the morning. HSI opened lower by 143 points or 0.8% at 17,946, HSCEI opened lower by 50 points or 0.8% at 6,426, and HSTECH opened lower by 23 points or 0.6% at 3,666.

　　Amazon (AMZN.US) will launch a Temu-like store that ships directly from China. E-commerce stock BABA-SW (09988.HK) -0.950 (-1.304%) Short selling $320.52M; Ratio 15.120% opened falling 1.2% at $72.

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　　For other tech stocks, TENCENT (00700.HK) -4.600 (-1.204%) Short selling $699.92M; Ratio 15.471% opened dropping 0.6% at $379.6, while MEITUAN-W (03690.HK) -2.100 (-1.795%) Short selling $319.42M; Ratio 15.182% , XIAOMI-W (01810.HK) -0.700 (-3.928%) Short selling $127.53M; Ratio 16.082% , JD-SW (09618.HK) -1.900 (-1.761%) Short selling $179.09M; Ratio 20.217% , and BIDU-SW (09888.HK) -1.000 (-1.145%) Short selling $161.92M; Ratio 22.252% opened declining 0.9%-1.6%. BILIBILI-W (09626.HK) -4.800 (-3.606%) Short selling $84.66M; Ratio 16.004% slumped 3.2% at open.

　　Memory chip stock Micron (MU.US) slipped during after-hours as its revenue forecast failed to beat expectations. Chip stocks SMIC (00981.HK) -0.420 (-2.373%) Short selling $96.57M; Ratio 13.546% and HUA HONG SEMI (01347.HK) -0.850 (-3.728%) Short selling $24.46M; Ratio 5.718% opened lowering 1.4% and 1.3%, while PC maker LENOVO GROUP (00992.HK) -0.160 (-1.406%) Short selling $91.96M; Ratio 21.881% opened dipping 1.4%.

　　Tesla (TSLA.US) hiked over 4% last night. EV stocks NIO-SW (09866.HK) +1.450 (+4.191%) Short selling $7.73M; Ratio 28.147% and XPENG-W (09868.HK) +0.200 (+0.645%) Short selling $49.95M; Ratio 19.648% escalated 4% and 2.7% at open, while BYD COMPANY (01211.HK) -2.400 (-1.011%) Short selling $379.35M; Ratio 25.786% shed 0.8% to open at $235.6. GEELY AUTO (00175.HK) -0.140 (-1.530%) Short selling $89.49M; Ratio 27.775% also opened 1.1% lower.

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　　CHINA LIFE (02628.HK) -0.200 (-1.757%) Short selling $45.33M; Ratio 15.908% fell 0.7% at open along with the market after it passed an interim profit distribution proposal, proposing a cash dividend of no more than 30% of net profit. As for other financial stocks, HSBC HOLDINGS (00005.HK) -0.600 (-0.878%) Short selling $171.25M; Ratio 17.747% declined 0.7% to open at $67.8, HKEX (00388.HK) -3.400 (-1.328%) Short selling $90.52M; Ratio 14.870% dropped 0.9% to open at $253.6, as AIA (01299.HK) -0.900 (-1.653%) Short selling $156.42M; Ratio 8.153% retreated 1% to open at $53.9.

　　BOSIDENG (03998.HK) +0.260 (+6.005%) Short selling $9.46M; Ratio 10.760% 's full-year net profit grew 44%, with a final dividend of HK20 cents declared. Its shares opened lifting 3.7% at $4.49.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-26 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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