＜H Shrs＞HSI Opens Declining 139 pts, with Techs Under Pressure; SHENZHOU INTL Slumps 3%

　　Hong Kong stocks opened softly this morning. HSI opened falling 139 points or 0.9% at 16,246, HSCEI opened dropping 58 points or 1% at 5,745, and HSTECH opened declining 48 points or 1.4% at 3,308.

　　Techs were under pressure, with TENCENT (00700.HK) -2.400 (-0.788%) Short selling $1.66B; Ratio 28.505% opening 0.3% lower. BABA-SW (09988.HK) -1.450 (-2.135%) Short selling $395.20M; Ratio 18.412% reduced its holdings in CLOUD MUSIC (09899.HK) -2.800 (-3.094%) Short selling $1.30M; Ratio 18.962% by 2.2 million shares over the counter, cashing out HK$192 million. BABA slid 1.5% at open, while CLOUD MUSIC opened flat.

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　　BIDU-SW (09888.HK) -1.600 (-1.710%) Short selling $63.97M; Ratio 10.854% , BILIBILI-W (09626.HK) -0.750 (-0.866%) Short selling $73.32M; Ratio 30.989% , KUAISHOU-W (01024.HK) -0.800 (-1.745%) Short selling $96.83M; Ratio 14.511% , MEITUAN-W (03690.HK) -3.400 (-3.478%) Short selling $874.33M; Ratio 35.393% and LENOVO GROUP (00992.HK) +0.020 (+0.244%) Short selling $43.23M; Ratio 10.031% opened waning 0.5% to 2.9%. JD-SW (09618.HK) -0.900 (-0.918%) Short selling $112.38M; Ratio 13.063% was 0.9% lower at open after the group announced that it had repurchased a total of US$1.2 billion of shares in 1Q24, leaving a US$2.5 billion program balance. XIAOMI-W (01810.HK) -0.560 (-3.419%) Short selling $297.89M; Ratio 22.468% opened 1.6% lower after Lei Jun said sales of Xiaomi's SU7 were 3x-5x higher than expected.

　　For auto stocks, LI AUTO-W (02015.HK) -6.200 (-5.401%) Short selling $289.26M; Ratio 32.001% opened descending 2.3%, XPENG-W (09868.HK) -1.750 (-6.003%) Short selling $108.44M; Ratio 28.624% opened diving 4.5%, GEELY AUTO (00175.HK) -0.150 (-1.657%) Short selling $48.85M; Ratio 22.086% opened dropping 0.9%, and BYD COMPANY (01211.HK) -4.000 (-1.947%) Short selling $421.77M; Ratio 43.990% opened lowering 0.4%. NIO-SW (09866.HK) -0.300 (-0.977%) Short selling $5.83M; Ratio 16.368% meanwhile opened 0.3% higher.

　　In financials, HSBC HOLDINGS (00005.HK) -1.000 (-1.596%) Short selling $441.53M; Ratio 39.990% opened dropping 1.1%, as it scheduled a board meeting at the end of April to consider the payment of a first interim dividend for 2024 and a special dividend. HKEX (00388.HK) -3.600 (-1.647%) Short selling $247.83M; Ratio 23.110% opened 1.6% lower, while AIA (01299.HK) 0.000 (0.000%) Short selling $440.26M; Ratio 15.796% opened 0.1% higher.

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　　SHENZHOU INTL (02313.HK) -0.150 (-0.204%) Short selling $140.41M; Ratio 34.620% opened retreating 3.2%, the worst-performing blue chip, while OOIL (00316.HK) +0.750 (+0.767%) Short selling $46.48M; Ratio 30.066% opened advancing 2%, the best-performing blue chip.

　　In addition, WEIMOB INC (02013.HK) -0.200 (-14.706%) Short selling $29.80M; Ratio 30.858% opened crashing 11.8% after placing shares at a discount of nearly 17%, raising a net of HK$308 million. SHIN HWA WORLD (00582.HK) -0.012 (-30.769%) opened cratering about 18%. The company resumed trading this morning after announcing a share merger followed by a 1-for-2 rights issue, raising HK$260 million.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-18 16:25.)