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HSI Spikes 277 Pts; AAC TECH Soars 6.8%

U.S. stocks marked the steepest single-day growth since August 2015 last night, indicated by Dow Jones Industrial Average ending up 669 pts or 2.8%, as market concern over China-U.S. trade war eased off a bit. This morning, Hang Seng Index, after elevating 436 pts at open, once tracked narrowed increase. At midday, the benchmark index mounted 277 pts or 0.9% to 30,826. Hang Seng China Enterprises Index added 107 pts or 0.9% to 12,305. Half-day market turnover reached $74.501 billion.

TENCENT (00700.HK)  +6.600 (+1.547%)    Short selling $1.06B; Ratio 11.233%   rose 1.9% to $434.6. AAC TECH (02018.HK)  +6.000 (+4.141%)    Short selling $70.81M; Ratio 9.426%   , ahead of results announcement today, shot up 6.8%, being the strongest performer of blue chips. SUNNY OPTICAL (02382.HK)  +2.800 (+1.772%)    Short selling $67.81M; Ratio 11.903%   leaped 2.2%. COWELL (01415.HK)  +0.060 (+2.778%)    Short selling $670.77K; Ratio 10.038%   , Q TECH (01478.HK)  +0.280 (+2.745%)    Short selling $3.71M; Ratio 10.649%   , ZTE (00763.HK)  +0.900 (+3.502%)    Short selling $10.94M; Ratio 5.465%   and SMIC (00981.HK)  +0.460 (+4.449%)    Short selling $18.02M; Ratio 5.220%   spurted 2.3%-6.6%.

Chinese property developers were in good shape. CHINA OVERSEAS (00688.HK)  +1.150 (+4.244%)    Short selling $90.64M; Ratio 18.410%   surged 3.9% on 10.1% yearly increase in annual net profit. CHINA VANKE (02202.HK)  +1.700 (+5.247%)    Short selling $4.36M; Ratio 2.425%   escalated 3.7%. COUNTRY GARDEN (02007.HK)  +0.680 (+4.224%)    Short selling $137.99M; Ratio 23.858%   rallied 3.4%. To release results today, SHIMAO PROPERTY (00813.HK)  +1.100 (+5.459%)    Short selling $5.70M; Ratio 7.913%   rocketed 5.5%.

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