＜H Shrs＞HSI Sinks 295 pts at Midday; CN Property & Insurance Stocks Retreat, as Gold & Silver Stocks Surge

　　Hong Kong stocks fell in the morning session. HSI dropped 295 points or 1.7% to 16,799 at midday. HSCEI lowered 89 points or 1.5% to 5,914. HSTECH lost 38 points or 1.1% to 3,500. Half-day turnover totalled $57.191 billion.

　　Techs were generally down, with BABA-SW (09988.HK) -2.150 (-2.898%) Short selling $218.28M; Ratio 15.639% , JD-SW (09618.HK) -2.900 (-2.741%) Short selling $141.37M; Ratio 41.359% and BIDU-SW (09888.HK) -2.250 (-2.232%) Short selling $62.34M; Ratio 18.166% falling 2.2% to 2.9%, MEITUAN-W (03690.HK) -1.200 (-1.148%) Short selling $351.92M; Ratio 26.905% and NTES-S (09999.HK) -2.300 (-1.494%) Short selling $126.94M; Ratio 18.008% dropping 1.1% and 1.5%, and TENCENT (00700.HK) -1.000 (-0.317%) Short selling $858.33M; Ratio 23.287% and KUAISHOU-W (01024.HK) -0.250 (-0.504%) Short selling $247.33M; Ratio 48.023% shedding 0.3% and 0.5%. XIAOMI-W (01810.HK) +0.420 (+2.612%) Short selling $384.62M; Ratio 18.953% elevated 2.6% on market hopes for sales of its SU7 EV model.

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　　In addition, PA GOODDOCTOR (01833.HK) -0.540 (-4.874%) Short selling $5.90M; Ratio 15.563% receded 4.9%, while JD HEALTH (06618.HK) -1.000 (-3.868%) Short selling $31.55M; Ratio 44.872% , KINGSOFT CLOUD (03896.HK) -0.060 (-3.846%) Short selling $597.14K; Ratio 3.454% and GDS-SW (09698.HK) -0.210 (-3.158%) Short selling $723.73K; Ratio 9.371% declined more than 3%.

　　Chinese property stocks underperformed the market. CHINA VANKE (02202.HK) -0.230 (-5.556%) Short selling $95.10M; Ratio 32.695% and AGILE GROUP (03383.HK) -0.035 (-7.000%) Short selling $295.03K; Ratio 7.312% crumpled 5.6% and 7%, while YUEXIU PROPERTY (00123.HK) -0.180 (-4.545%) Short selling $8.41M; Ratio 18.906% , CHINA OVERSEAS (00688.HK) -0.540 (-4.470%) Short selling $30.71M; Ratio 27.579% , GREENTOWN CHINA (03900.HK) -0.250 (-4.355%) Short selling $4.98M; Ratio 10.446% , CIFI HOLD GP (00884.HK) -0.011 (-4.490%) Short selling $48.25K; Ratio 0.581% and SEAZEN (01030.HK) -0.040 (-4.000%) Short selling $344.46K; Ratio 2.007% retreated 4% to 4.5%. Property manager CG SERVICES (06098.HK) -0.200 (-4.193%) Short selling $10.65M; Ratio 17.221% descended 4.2%.

　　Chinese insurers PING AN (02318.HK) -1.500 (-4.615%) Short selling $274.31M; Ratio 22.553% , CHINA TAIPING (00966.HK) -0.270 (-4.097%) Short selling $5.61M; Ratio 15.491% and ZA ONLINE (06060.HK) -0.640 (-4.665%) Short selling $12.43M; Ratio 32.350% dived more than 4%, while CHINA LIFE (02628.HK) -0.280 (-3.027%) Short selling $79.86M; Ratio 31.433% reduced 3%.

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　　Gold and silver stocks rallied as gold prices ascended and approached record highs. CHI SILVER GP (00815.HK) +0.040 (+11.594%) and LINGBAO GOLD (03330.HK) +0.260 (+7.182%) surged 11.6% and 7.2%, as ZHAOJIN MINING (01818.HK) +0.700 (+5.102%) Short selling $62.15M; Ratio 17.132% and CHINAGOLDINTL (02099.HK) +2.500 (+5.198%) Short selling $1.72M; Ratio 1.968% hiked over 5%. SD GOLD (01787.HK) +0.600 (+3.171%) Short selling $13.11M; Ratio 5.748% climbed 3.2% after issuing a positive profit alert.

　　In local stocks, HSBC HOLDINGS (00005.HK) -1.600 (-2.467%) Short selling $243.99M; Ratio 28.944% declined 2.5% to $63.25, HKEX (00388.HK) -4.000 (-1.709%) Short selling $66.84M; Ratio 12.399% waned 1.7% to $230, and AIA (01299.HK) -2.500 (-4.845%) Short selling $273.78M; Ratio 14.533% sunk 4.8% to $49.1.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-12 12:25.)

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