- S&P Global Market Intelligence released the latest short-selling data for Hong Kong stocks, reporting an overall average short-selling ratio of 1.31% for the Hang Seng Index.
- The top 10 most shorted stocks include companies such as MONTAGE TECH, ALI HEALTH, and LENS, with individual short-selling ratios ranging from 12.21% to 20.64%.
- The data highlights specific metrics including shares on loan, 7-day changes, and price movements for each listed company as of the end of last month.
- SpaceX raised $75 billion by selling approximately 555.6 million shares at $135 each, marking the largest IPO by proceeds.
- The company is now valued at $1.77 trillion, surpassing Tesla's worth, and is set to begin trading under the ticker SPCX.
- Despite a reported loss of $4.94 billion last year, SpaceX's revenue from the Starlink service highlights its potential in the evolving space industry.
- On June 1, Hong Kong's hard technology sector continued its strong performance, with the information technology ETF rising 2.15% by 10:10 AM.
- Major companies like Lenovo and SMIC saw significant gains, and Lenovo announced an AI infrastructure agreement, boosting its revenue prospects.
- Analysts highlight the ETF’s potential for continued growth, emphasizing its focus on leading hard tech companies without internet stocks, earning it the nickname "Hong Kong’s Sci-tech Board."
- On June 1, the Hang Seng Technology Index saw early gains, with major stocks like Alibaba, Xiaomi, and Meituan rising over 1%.
- The article highlights the resilience of domestic internet companies in the AI era, predicting ongoing optimization in index constituents as more AI-related firms enter the Hong Kong market.
- A recovery in domestic consumption could create a favorable environment for Hong Kong's internet firms, with a focus on the Hang Seng Internet ETF, which tracks the highest AI content index in the market.