＜H Shrs＞HSI Slips 376 pts at Midday as Banks, Metals, Oils, CN Developers Subtract

　　The HSI slipped 376 points or 2.1% to 17,401 at midday. The HSCEI faded 144 points or 2.3% to 6,162. The HSTECH dropped 64 points or 1.8% to 3,548. Total half-day turnover for the market amounted to $55.647 billion.

　　Banks were under pressure along with the peripheral market. HSBC HOLDINGS (00005.HK) -1.500 (-2.212%) Short selling $356.48M; Ratio 42.666% , HANG SENG BANK (00011.HK) -2.650 (-2.593%) Short selling $36.67M; Ratio 28.661% and STANCHART (02888.HK) -1.750 (-2.338%) shed over 2% each, while Chinese banks CCB (00939.HK) -0.160 (-2.920%) Short selling $422.84M; Ratio 33.466% , ABC (01288.HK) -0.090 (-2.624%) Short selling $92.43M; Ratio 36.572% , ICBC (01398.HK) -0.120 (-2.752%) Short selling $304.76M; Ratio 42.809% , CM BANK (03968.HK) -0.850 (-2.478%) Short selling $118.22M; Ratio 41.048% and BANK OF CHINA (03988.HK) -0.080 (-2.319%) Short selling $202.63M; Ratio 43.290% receded 2.3-2.9%. PSBC (01658.HK) -0.170 (-4.009%) Short selling $20.71M; Ratio 16.981% waned 4%, while Chinese insurers CHINA LIFE (02628.HK) -0.300 (-2.679%) Short selling $61.85M; Ratio 35.463% , CPIC (02601.HK) -0.720 (-3.478%) Short selling $16.32M; Ratio 16.494% and ZA ONLINE (06060.HK) -0.420 (-3.153%) Short selling $2.37M; Ratio 18.469% declined 2.7-3.5%.

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　　Gold and silver prices fell. ZHAOJIN MINING (01818.HK) -1.240 (-7.740%) Short selling $4.17M; Ratio 2.935% , CHINAGOLDINTL (02099.HK) -4.400 (-8.462%) Short selling $4.76M; Ratio 5.241% and LINGBAO GOLD (03330.HK) -0.310 (-8.311%) eroded 7.7-8.5%, while ZIJIN MINING (02899.HK) -0.600 (-3.538%) Short selling $145.54M; Ratio 19.366% , SD GOLD (01787.HK) -0.760 (-4.213%) Short selling $3.19M; Ratio 3.094% and CHI SILVER GP (00815.HK) -0.015 (-4.615%) sagged 3.5-4.6%.

　　Oil and gas stocks also decreased. KUNLUN ENERGY (00135.HK) -0.290 (-3.502%) Short selling $2.06M; Ratio 6.730% and SINOPEC CORP (00386.HK) -0.150 (-3.067%) Short selling $70.79M; Ratio 25.483% cascaded over 3%, while PETROCHINA (00857.HK) -0.360 (-4.826%) Short selling $107.10M; Ratio 17.361% and CNOOC (00883.HK) -1.000 (-4.640%) Short selling $513.57M; Ratio 21.557% lost 4.8% and 4.6%. Metal stocks CHINAHONGQIAO (01378.HK) -0.580 (-5.524%) Short selling $48.10M; Ratio 17.251% and CMOC (03993.HK) -0.320 (-4.476%) Short selling $49.89M; Ratio 23.749% slumped 5.5% and 4.5%, while gas stocks CHINA RES GAS (01193.HK) -1.550 (-5.429%) Short selling $5.61M; Ratio 7.194% and ENN ENERGY (02688.HK) -2.600 (-4.183%) Short selling $33.77M; Ratio 30.851% shrank 5.4% and 4.2%.

　　Chinese developers retreated. LONGFOR GROUP (00960.HK) -0.600 (-5.282%) Short selling $19.83M; Ratio 28.441% , CHINA RES LAND (01109.HK) -1.500 (-5.576%) Short selling $70.54M; Ratio 31.545% and SEAZEN (01030.HK) -0.090 (-5.732%) Short selling $2.33M; Ratio 7.187% dipped over 5%, while YUEXIU PROPERTY (00123.HK) -0.230 (-4.071%) Short selling $7.23M; Ratio 25.300% , CHINA OVERSEAS (00688.HK) -0.580 (-4.265%) Short selling $53.56M; Ratio 38.896% , CHINA VANKE (02202.HK) -0.200 (-4.098%) Short selling $10.83M; Ratio 13.125% , CIFI HOLD GP (00884.HK) -0.015 (-4.545%) Short selling $234.24K; Ratio 2.702% and SUNAC (01918.HK) -0.050 (-4.310%) Short selling $5.91M; Ratio 9.875% descended over 4%. Property manager CHINA RES MIXC (01209.HK) -1.400 (-5.545%) Short selling $19.67M; Ratio 32.751% stumbled 5.5%.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-19 12:25.)

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