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HKEX (00388.HK)  -8.200 (-4.702%)    Short selling $201.00M; Ratio 6.356%   announced that it has not received the notice for approving the launch of the Shanghai-Hong Kong Stock Connect and the authority will issue an announcement once there is material progress on the matter. The market started to worry about the prolonged delay of the program due to the current political climate in Hong Kong.

HKEX saw its share price tumble 3.4% at market open this morning and further hit the low at $165.6. It last traded at $167.7, down 3.8%.

Chinese financial brokers also received rising selling pressure. FIRST SHANGHAI (00227.HK)  -0.140 (-9.032%)   opened down 5.8% and last stood at $1.45, down 6.5%; SHENYIN WANGUO (00218.HK)  -0.390 (-8.784%)   was last $4.19, down 5.6%; SUNWAH KINGSWAY (00188.HK)  -0.012 (-6.486%)   dropped 5.4% to $0.175; CASH FIN SER GP (00510.HK)  -0.012 (-4.706%)   slumped 5% to $0.242.

HAITONG INT'L (00665.HK)  -0.250 (-5.423%)    Short selling $2.29M; Ratio 8.668%   once hit the trough at $4.28 and last traded at $4.38, down 5% and falling below the 100MA ($4.4).

HAITONG SEC (06837.HK)  -0.380 (-3.025%)    Short selling $32.99M; Ratio 19.841%   last slid 3.8% to $12.08; GUOTAI JUNAN I (01788.HK)  -0.240 (-4.469%)    Short selling $8.09M; Ratio 9.705%   tumbled below the 100MA ($5.23) and was last $5.18, down 3.5%.

CITIC SEC (06030.HK)  -0.500 (-2.732%)    Short selling $56.53M; Ratio 30.527%   faded 3% to $17.76; CGS (06881.HK)  -0.070 (-1.203%)    Short selling $14.64M; Ratio 11.411%   sank below the 50MA ($5.79) and last stood at $5.71, down 1.9%; CHINA EB LTD (00165.HK)  -0.600 (-4.208%)    Short selling $1.95M; Ratio 4.387%   dropped 2.8% to $13.86. 

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