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HSI Fall Deepens to Over 250 Pts, Led by Tencent, HKEX, CN Financials

 Constrained at 31,800, Hang Seng Index once saw 300 pts growth gone this morning. The benchmark index slipped deeper after midday and sank below 20MA (31,250). It last posted at 31,242, down 255 pts or 0.8%, on turnover of $110.4 billion. 

Losses touched almost all blue chips. Heavyweight TENCENT (00700.HK)  -8.400 (-1.854%)    Short selling $318.16M; Ratio 9.416%   headed south 1.8% to $445.4. HSBC HOLDINGS (00005.HK)  -0.900 (-1.131%)    Short selling $588.00M; Ratio 37.622%   , HKEX (00388.HK)  -6.200 (-2.096%)    Short selling $402.64M; Ratio 24.035%   , four major Chinese banks and two major Chinese resources stocks fell over 1%-2%. HKEX, PING AN (02318.HK)  -1.950 (-2.241%)    Short selling $170.24M; Ratio 10.824%   , ICBC (01398.HK)  -0.140 (-1.991%)    Short selling $244.20M; Ratio 21.870%   and BANK OF CHINA (03988.HK)  -0.120 (-2.679%)    Short selling $240.41M; Ratio 22.840%   , under the sharpest selling pressure, last stood at $289.2, $85.2, $6.8

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