＜H Shrs＞HSI Opens Inclining 74 pts; EAST BUY Collapses 15%, as JD Lifts 3%+

　　Hong Kong stocks opened higher in the morning, with the HSI opening 74 points or 0.4% higher at 17,079. HSCEI opened 33 points or 0.6% higher at 6,050. HSTECH opened 22 points or 0.7% higher at 3,443.

　　EAST BUY (01797.HK) -2.260 (-18.226%) Short selling $13.13M; Ratio 8.018% shares opened cratering 15% at $10.54 after Dong Yuhui quit the company and the company announced its intention to buy back up to RMB500 million worth of shares. NEW ORIENTAL-S (09901.HK) -3.550 (-6.174%) Short selling $10.97M; Ratio 13.386% from the same series plummeted 7.8% lower to open at $53. The central government's subsidy policy on home appliance trade-in has continued to stimulate related stocks, with JD-SW (09618.HK) +4.600 (+4.632%) Short selling $38.35M; Ratio 7.350% starting 3.1% higher at $102.4 and HAIER SMARTHOME (06690.HK) +1.250 (+5.081%) Short selling $185.00M; Ratio 24.722% starting 1.6% higher.

　　Chip equipment stock ASMPT (00522.HK) -1.850 (-2.351%) Short selling $173.76M; Ratio 23.593% shares crashed sharply for two days after its results, and opened another 3.4% lower at $76 this morning.

　　In other tech stocks, BABA-SW (09988.HK) +0.400 (+0.546%) Short selling $279.79M; Ratio 13.249% opened rising 0.4% at $73.6, TENCENT (00700.HK) +6.600 (+1.879%) Short selling $888.29M; Ratio 9.751% opened elevating 0.5% at $352.8, and MEITUAN-W (03690.HK) +0.800 (+0.747%) Short selling $888.64M; Ratio 15.734% opened lifting 1.3% at $108.5. XIAOMI-W (01810.HK) +0.340 (+2.099%) Short selling $161.68M; Ratio 13.694% , NTES-S (09999.HK) -0.500 (-0.339%) Short selling $206.87M; Ratio 18.170% and BILIBILI-W (09626.HK) +2.400 (+2.116%) Short selling $57.76M; Ratio 21.926% inclined 0.5% to 1.2% at open, while BIDU-SW (09888.HK) +0.700 (+0.816%) Short selling $93.62M; Ratio 14.567% dived 0.4% at open.

　　Tesla rebounded in the external market, while the central government raised the subsidy for car scrapping and renewal. EV stocks LI AUTO-W (02015.HK) +1.450 (+1.982%) Short selling $108.38M; Ratio 17.719% and XPENG-W (09868.HK) +0.700 (+2.212%) Short selling $94.48M; Ratio 40.534% opened 1.6% higher, while BYD COMPANY (01211.HK) +3.000 (+1.281%) Short selling $362.15M; Ratio 29.833% opened 0.5% lower at $233.

　　For other shares, HSBC HOLDINGS (00005.HK) +0.350 (+0.530%) Short selling $202.16M; Ratio 22.331% opened adding 0.3% at $66.2, while HKEX (00388.HK) +1.200 (+0.522%) Short selling $150.94M; Ratio 14.814% and AIA (01299.HK) +1.050 (+2.065%) Short selling $480.85M; Ratio 24.041% opened dipping 0.1% and 0.5%. HKT-SS (06823.HK) +0.120 (+1.303%) Short selling $2.67M; Ratio 8.553% logged a half-year net profit of $1.99 billion, up 1.9%, with interim distribution per share stapled unit of $32.92 cents. Its units opened 0.7% higher at $9.27.

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