＜H Shrs＞HSI Opens 170 pts Lower as PING AN, LENOVO GROUP, OOIL Wane

　　Hong Kong stocks opened lower in the morning session. The HSI opened 170 points or 1% lower at 17,845. The HSCEI opened 61 points or 1% lower at 6,360. The HSTECH opened 46 points or 1.3% lower at 3,626.

　　LENOVO GROUP (00992.HK) -0.100 (-0.912%) Short selling $105.31M; Ratio 24.772% issued 1.15 billion warrants, and its share price lost 2.2% to $10.72. PING AN (02318.HK) -2.000 (-5.548%) Short selling $298.99M; Ratio 22.272% intended to issue US$3.5 billion convertible bonds, and its share price faded 2.2% to $35.25. OOIL (00316.HK) -5.300 (-4.633%) Short selling $32.34M; Ratio 27.600% shed 3.8% as its 2Q24 total revenue increased by 14.4% YoY. Daiwa downgraded OOIL to Hold, and chopped its target price from $160 to $110, expecting share price to face pressure.

　　For techs, BABA-SW (09988.HK) -1.050 (-1.370%) Short selling $629.57M; Ratio 20.264% , TENCENT (00700.HK) -5.800 (-1.486%) Short selling $975.25M; Ratio 18.207% , MEITUAN-W (03690.HK) -1.800 (-1.511%) Short selling $601.62M; Ratio 24.487% and XIAOMI-W (01810.HK) -0.220 (-1.337%) Short selling $316.88M; Ratio 25.362% slipped 1.1-1.3%, while JD-SW (09618.HK) -3.600 (-3.374%) Short selling $177.60M; Ratio 17.366% , BIDU-SW (09888.HK) -2.150 (-2.288%) Short selling $611.89M; Ratio 33.688% and KUAISHOU-W (01024.HK) -1.400 (-2.926%) Short selling $148.19M; Ratio 18.920% waned 2.2-2.6%. Carmakers GEELY AUTO (00175.HK) +0.020 (+0.243%) Short selling $61.92M; Ratio 21.548% , BYD COMPANY (01211.HK) -2.200 (-0.901%) Short selling $347.68M; Ratio 34.641% , LI AUTO-W (02015.HK) -0.550 (-0.688%) Short selling $220.13M; Ratio 28.685% and NIO-SW (09866.HK) -0.800 (-2.156%) Short selling $25.85M; Ratio 38.555% ebbed 0.8-1.1%.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-15 16:25.)