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Hang Seng Index closed down 158 pts or 0.7% at 23,143, below the 10MA. Hang Seng China Enterprises Index fell 80 pts or 0.8% to 10,311. Market turnover increased to $56.746 billion.

HKEX (00388.HK)  -8.200 (-4.702%)    Short selling $201.00M; Ratio 6.356%   sank 4.7% to $166.2 (below the 100MA) as the company said there is still no definite date for the launch of the Shanghai-Hong Kong Stock Connect. It became the weakest blue chip, dragging down the HSI by 28 pts.

Brokerage stocks were also under selling pressure. HENYIN WANGUO (00218.HK)  -0.390 (-8.784%)   , FIRST SHANGHAI (00227.HK)  -0.140 (-9.032%)   and GUOTAI JUNAN I (01788.HK)  -0.240 (-4.469%)    Short selling $8.09M; Ratio 9.705%   slid 8.8%, 9% and 4.5% respectively. CITIC SEC (06030.HK)  -0.500 (-2.732%)    Short selling $56.53M; Ratio 30.527%   and HAITONG SEC (06837.HK)  -0.380 (-3.025%)    Short selling $32.99M; Ratio 19.841%   faded 2.7% and 3% respectively.

Companies with A and H shares listed in both Mainland and Hong Kong also saw a decline in their share prices. ZHEJIANG SHIBAO (01057.HK)  -0.610 (-6.482%)   , NE ELECTRIC (00042.HK)  -0.150 (-6.696%)   and CHONGQING IRON (01053.HK)  -0.120 (-6.897%)   receded over 6%.

KINGSOFT (03888.HK)  -0.100 (-0.588%)    Short selling $26.89M; Ratio 18.969%   fell another 0.6% after a slump of nearly 12% last Friday. TENCENT (00700.HK)  -1.400 (-1.172%)    Short selling $89.76M; Ratio 5.989%   shed 1.2%. CHINA MOBILE (00941.HK)  -1.050 (-1.167%)    Short selling $173.75M; Ratio 14.854%   declined 1.2%. However, HSBC HOLDINGS (00005.HK)  +0.350 (+0.449%)    Short selling $46.05M; Ratio 3.756%   rose 0.4%. 

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