＜H Shrs＞HSI Slides 263 Pts Midday; Autos Subdued; Wuxi Series Up

　　At midday, the HSI slid 263 pts or 1.5% to 17,913; the HSCEI fell 99 pts or 1.5% to 6,352; and the HSTECH dipped 56 pts or 1.5% to 3,698. Half-day turnover totaled $62.783 billion.

　　Automakers were squeezed as the market was concerned that the EU may raise tariffs on China-produced vehicles next month. NIO-SW (09866.HK) -2.950 (-7.856%) Short selling $17.36M; Ratio 24.348% and GEELY AUTO (00175.HK) -0.490 (-5.241%) Short selling $50.52M; Ratio 15.765% plunged 7.9% and 5.2%. XPENG-W (09868.HK) -1.450 (-4.655%) Short selling $166.65M; Ratio 44.485% slipped 4.7%. BYD COMPANY (01211.HK) -7.000 (-3.065%) Short selling $252.78M; Ratio 24.035% , LI AUTO-W (02015.HK) -2.550 (-3.362%) Short selling $159.30M; Ratio 31.733% and LEAPMOTOR (09863.HK) -1.050 (-3.853%) Short selling $10.69M; Ratio 28.756% plummeted 3.1%-3.9%. EVERG VEHICLE (00708.HK) -0.085 (-19.767%) Short selling $57.49K; Ratio 0.443% nosedived 19.8% after Evergrande New Energy Vehicle (Tianjin), a subsidiary of EVERG VEHICLE, was ordered to stop producing and selling new energy vehicles.

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　　As for techs, MEITUAN-W (03690.HK) -1.600 (-1.388%) Short selling $321.49M; Ratio 15.725% announced to repurchase up to US$2 billion of shares in the open market, and its stock rallied more than 4% yesterday (11th) but retreated 1.4% to $113.7 in the morning market. BABA-SW (09988.HK) -0.430 (-0.575%) Short selling $184.02M; Ratio 16.555% and TENCENT (00700.HK) -2.200 (-0.589%) Short selling $313.50M; Ratio 11.833% lost 0.6%. XIAOMI-W (01810.HK) -0.160 (-0.924%) Short selling $113.99M; Ratio 19.616% , BIDU-SW (09888.HK) -0.700 (-0.755%) Short selling $108.63M; Ratio 24.780% and NTES-S (09999.HK) -1.300 (-0.887%) Short selling $63.57M; Ratio 18.921% dropped 0.8%-0.9%. JD-SW (09618.HK) -1.400 (-1.210%) Short selling $76.88M; Ratio 21.180% faded 1.2%. ALI HEALTH (00241.HK) -0.230 (-6.053%) Short selling $44.95M; Ratio 25.712% tumbled 6.1%.

　　The Baltic Dry Index shrank nearly 3%. Shipping stocks SITC (01308.HK) -0.940 (-4.498%) Short selling $6.71M; Ratio 11.570% and PACIFIC BASIN (02343.HK) -0.130 (-4.962%) Short selling $865.64K; Ratio 3.768% stumbled 4.5% and 5%. COSCO SHIP HOLD (01919.HK) -0.300 (-2.290%) Short selling $48.00M; Ratio 7.860% and OOIL (00316.HK) -2.300 (-1.833%) Short selling $9.55M; Ratio 8.895% , which experienced steep losses yesterday, continued to fall 2.3% and 1.8%. Pharmaceutical PHARMARON (03759.HK) +0.790 (+8.395%) Short selling $3.10M; Ratio 3.925% mounted 8.4%. For WuXi Series, WUXI BIO (02269.HK) +1.800 (+16.393%) Short selling $140.84M; Ratio 8.397% and WUXI APPTEC (02359.HK) +3.200 (+9.653%) Short selling $53.66M; Ratio 12.483% surged 16.4% and 9.7%, respectively.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-12 12:25.)

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