HSI Falls 164 pts; Developers, CN Banks Weaken
The market was shrouded in a thick wait-and-see sentiment ahead of the inauguration of the US President-elect Donald Trump. Dow Jones Industrial Average fell for five days in a row. Hang Seng Index opened lower 83 pts and saw a widened decline afterwards, with a decrease of up to 191 pts to bottom at 22,858. The benchmark index ended the day lower 164 pts or 0.7% to 22,885, sinking below 100MA (22,909). Hang Seng China Enterprises Index lost 76 pts or 0.8% to 9,715 at close. Market turnover amounted to $56.062 billion.

Blue chips descended across the board. TENCENT(00700.HK)  -1.800 (-0.902%)    Short selling $110.09M; Ratio 7.218%   and HSBC HOLDINGS(00005.HK)  -0.450 (-0.693%)    Short selling $32.02M; Ratio 3.278%   sagged 0.9% and 0.7%. HKEX(00388.HK)  -1.700 (-0.908%)    Short selling $82.89M; Ratio 15.506%   gave away 0.9%. AIA(01299.HK)  -0.100 (-0.210%)    Short selling $315.46M; Ratio 35.732%   lost 0.2%. CHINA MOBILE(00941.HK)  +0.050 (+0.058%)    Short selling $59.76M; Ratio 4.137%   steadied to rise less than 0.1% on accelerated 4G net additions last month. CKH HOLDINGS(00001.HK)  +0.500 (+0.548%)    Short selling $54.16M; Ratio 12.156%   bucked the market to hike 0.5%. CATHAY PAC AIR(00293.HK)  +0.080 (+0.769%)    Short selling $13.47M; Ratio 22.839%   rebouncded 0.8%, being the best performing blue chip. 

Chinese financials also had a weak tone. CCB(00939.HK)  -0.060 (-1.026%)    Short selling $298.15M; Ratio 25.903%   and BANK OF CHINA(03988.HK)  -0.040 (-1.127%)    Short selling $61.76M; Ratio 8.801%   dropped 1% and 1.1%. ICBC(01398.HK)  -0.070 (-1.464%)    Short selling $27.82M; Ratio 4.663%   faded 1.5%. Chinese insurers CHINA LIFE(02628.HK)  -0.300 (-1.382%)    Short selling $108.15M; Ratio 16.829%   and PING AN(02318.HK)  -0.150 (-0.369%)    Short selling $20.48M; Ratio 4.047%   fell 1.4% and 0.4%. Local property developers continued to be subdued. CK PROPERTY(01113.HK)  -1.150 (-2.207%)    Short selling $55.94M; Ratio 8.066%   slipped 2.2%. HENDERSON LAND(00012.HK)  -0.450 (-1.049%)    Short selling $11.81M; Ratio 18.794%   , SINO LAND(00083.HK)  -0.160 (-1.260%)    Short selling $6.05M; Ratio 15.466%   and WHARF HOLDINGS(00004.HK)  -0.700 (-1.213%)    Short selling $22.38M; Ratio 18.733%   saw loss of 1%-1.3%.

OOIL(00316.HK)  -4.150 (-9.212%)    Short selling $25.11M; Ratio 15.775%   clarified that the rumor of selling the company and its subsidiary was untrue. After so, the share price plunged 9.2%. GEELY AUTO(00175.HK)  +0.040 (+0.439%)    Short selling $90.30M; Ratio 8.213%   once surged 4% with bulk transaction involving over $115 million, hitting new high since listing again. At close, the stock saw gain narrowed to 0.4%. 

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