＜H Shrs＞HSI Descends 133 pts at Open as Techs, Autos Wane; XPENG Slumps 3%+

　　Hong Kong stocks opened lower in the morning. HSI opened lower by 133 points or 0.8% at 17,583. HSCEI opened lower by 56 points or 0.9% at 6,267. HSTECH opened lower by 42 points or 1.2% at 3,546.

　　For techs, BABA-SW (09988.HK) -0.200 (-0.280%) Short selling $340.15M; Ratio 12.602% opened dropping 1.3% at $70.6, TENCENT (00700.HK) -1.000 (-0.267%) Short selling $570.25M; Ratio 8.667% opened lowering 0.7% at $371.6, as MEITUAN-W (03690.HK) -0.600 (-0.528%) Short selling $357.02M; Ratio 11.369% and JD-SW (09618.HK) -1.400 (-1.327%) Short selling $247.31M; Ratio 22.262% opened falling 1.9% and 2.7%. NTES-S (09999.HK) -1.400 (-0.931%) Short selling $108.92M; Ratio 11.722% , KUAISHOU-W (01024.HK) -0.300 (-0.647%) Short selling $101.25M; Ratio 10.552% , BILIBILI-W (09626.HK) +0.800 (+0.631%) Short selling $102.69M; Ratio 21.010% and XIAOMI-W (01810.HK) +0.080 (+0.484%) Short selling $441.30M; Ratio 10.740% opened down 0.8% to 1%.

　　As for autos, GEELY AUTO (00175.HK) -0.030 (-0.337%) Short selling $43.53M; Ratio 12.880% , BYD COMPANY (01211.HK) -1.000 (-0.433%) Short selling $269.56M; Ratio 19.395% , LI AUTO-W (02015.HK) -1.200 (-1.662%) Short selling $135.68M; Ratio 23.902% and NIO-SW (09866.HK) -1.100 (-3.103%) Short selling $30.61M; Ratio 33.050% opened declining 0.9% to 1.6%, while XPENG-W (09868.HK) -0.850 (-2.773%) Short selling $55.15M; Ratio 15.642% slumped 3.4% at open. EVERG VEHICLE (00708.HK) +0.015 (+3.529%) Short selling $41.46K; Ratio 0.476% shareholders demanded to replace directors, removing Liu Yongzhuo and Qin Liyong. Its shares opened 2.4% higher at $0.435.

　　In financials, HSBC HOLDINGS (00005.HK) 0.000 (0.000%) Short selling $247.56M; Ratio 23.713% opened decrementing 0.1% at $68.2, HKEX (00388.HK) -0.200 (-0.079%) Short selling $298.17M; Ratio 23.737% opened dipping 1.4% at $248.2, and AIA (01299.HK) +0.100 (+0.188%) Short selling $579.21M; Ratio 23.416% opened receding 0.5% at $53. Mainland property stocks CHINA OVERSEAS (00688.HK) -0.020 (-0.147%) Short selling $75.82M; Ratio 21.846% and CHINA RES LAND (01109.HK) 0.000 (0.000%) Short selling $40.41M; Ratio 12.958% opened 1.8% and 2.1% lower.

　　TOPSPORTS (06110.HK) -0.170 (-3.864%) Short selling $1.63M; Ratio 12.260% shares declined 3.2% to $4.26 at open after retail and wholesale sales fell by mid-single digit year-on-year in the first quarter. Sportswears ANTA SPORTS (02020.HK) -1.250 (-1.640%) Short selling $64.70M; Ratio 15.020% and LI NING (02331.HK) -0.360 (-2.103%) Short selling $30.63M; Ratio 6.151% both opened 1.6% lower.

　　NEWBORNTOWN (09911.HK) +0.290 (+6.651%) adds stakes in a subsidiary through cash and new shares, involving $1.98 billion. Its shares opened 2.5% higher at $4.47.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-27 16:25.)