＜H Shrs＞HSI Mounts 309 pts at Midday, Led by Oils & Financials; BABA Hikes 5%

　　HSI lifted 309 points or 1.8% to 17,331 at half-day. HSCEI increased 109 points or 1.8% to 6,120. HSTECH inclined 61 points or 1.8% to 3,505. Half-day turnover totalled $45.582 billion.

　　Oil stocks rose, SINOPEC CORP (00386.HK) +0.100 (+2.058%) Short selling $30.20M; Ratio 17.642% and CNOOC (00883.HK) +0.650 (+3.266%) Short selling $251.17M; Ratio 23.626% gained 2.1% and 3.3%, while oil service company CHINA OILFIELD (02883.HK) +0.200 (+2.999%) Short selling $6.12M; Ratio 18.018% added 3%. Chinese banks and insurers performed well. CCB (00939.HK) +0.080 (+1.484%) Short selling $134.20M; Ratio 11.733% , ABC (01288.HK) +0.080 (+2.319%) Short selling $71.59M; Ratio 25.379% , ICBC (01398.HK) +0.100 (+2.320%) Short selling $157.11M; Ratio 32.424% , CM BANK (03968.HK) +0.550 (+1.721%) Short selling $34.37M; Ratio 13.561% , BANK OF CHINA (03988.HK) +0.060 (+1.775%) Short selling $116.40M; Ratio 31.499% and PSBC (01658.HK) +0.080 (+1.918%) Short selling $9.37M; Ratio 28.766% ascended 1.5% to 2.3%. BANKCOMM (03328.HK) +0.160 (+2.862%) Short selling $22.52M; Ratio 44.162% elevated 2.9%. PING AN (02318.HK) +0.600 (+1.796%) Short selling $94.35M; Ratio 17.427% , CHINA LIFE (02628.HK) +0.180 (+1.708%) Short selling $12.74M; Ratio 18.245% , PICC GROUP (01339.HK) +0.050 (+1.976%) Short selling $3.41M; Ratio 13.602% and PICC P&C (02328.HK) +0.250 (+2.533%) Short selling $10.33M; Ratio 11.177% mounted 1.7% to 2.5%, while ZA ONLINE (06060.HK) +0.420 (+3.276%) Short selling $1.58M; Ratio 10.463% lifted 3.3%.

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　　Financial stocks elevated. HSBC HOLDINGS (00005.HK) +0.850 (+1.283%) Short selling $72.19M; Ratio 24.490% and HANG SENG BANK (00011.HK) +2.300 (+2.282%) Short selling $10.66M; Ratio 21.946% , which would announce their results this week, escalated 1.3% and 2.3%, while HKEX (00388.HK) +3.600 (+1.572%) Short selling $85.41M; Ratio 25.952% and AIA (01299.HK) +1.150 (+2.224%) Short selling $120.44M; Ratio 17.225% climbed 1.6% and 2.2%. Prospects of interest rate cuts fueled the advance for property and utility stocks, with NEW WORLD DEV (00017.HK) +0.110 (+1.513%) Short selling $5.27M; Ratio 47.992% , LINK REIT (00823.HK) +0.850 (+2.615%) Short selling $78.82M; Ratio 30.027% , CK ASSET (01113.HK) +0.450 (+1.518%) Short selling $11.49M; Ratio 22.052% and SWIREPROPERTIES (01972.HK) +0.260 (+2.077%) Short selling $5.17M; Ratio 9.820% rising 1.5% to 2.6%, and CLP HOLDINGS (00002.HK) +1.200 (+1.822%) Short selling $31.24M; Ratio 16.852% and HK & CHINA GAS (00003.HK) +0.120 (+1.887%) Short selling $13.55M; Ratio 15.757% elevting 1.8% to 1.9%.

　　For tech stocks, BABA-SW (09988.HK) +3.850 (+5.267%) Short selling $450.75M; Ratio 18.685% surged 5.3% to $76.95 after Alibaba Cloud's technology was used to broadcast the Olympics. TENCENT (00700.HK) +6.200 (+1.749%) Short selling $316.32M; Ratio 14.733% lifted 1.7%, as MEITUAN-W (03690.HK) +2.200 (+2.045%) Short selling $176.69M; Ratio 19.434% , JD-SW (09618.HK) +2.400 (+2.346%) Short selling $45.10M; Ratio 18.032% , BIDU-SW (09888.HK) +2.050 (+2.395%) Short selling $27.95M; Ratio 17.510% and KUAISHOU-W (01024.HK) +1.000 (+2.336%) Short selling $82.17M; Ratio 26.479% increased more than 2%. XIAOMI-W (01810.HK) +0.700 (+4.279%) Short selling $115.70M; Ratio 17.468% and BILIBILI-W (09626.HK) +3.300 (+2.872%) Short selling $16.51M; Ratio 20.711% elevated 4.3% and 2.9%. Chip equipment stock ASMPT (00522.HK) +3.000 (+3.757%) Short selling $21.14M; Ratio 15.820% rebounded 3.8%.

　　In other stocks, EVERG VEHICLE (00708.HK) -0.025 (-7.463%) Short selling $349.28K; Ratio 5.282% shares plunged 7.5% after two of its subsidiaries were filed for bankruptcy reorganisation by their creditors, affecting production and operations. FUYAO GLASS (03606.HK) -3.450 (-7.779%) Short selling $26.39M; Ratio 9.706% crashed 7.8% after its US subsidiary was searched by a local government agency, but said the subsidiary was not the target of that investigation. Peer FLAT GLASS (06865.HK) -0.620 (-5.336%) Short selling $4.66M; Ratio 14.971% tumbled 5.3%.

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　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-29 12:25.)

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