HSI opened 23 points or 0.14% lower at 16,225. HSCEI opened slightly lower by 1 point at 5,742. HSTECH opened 2 points higher at 3,340.Fitch downgraded the rating outlooks of TENCENT (00700.HK) -1.200 (-0.345%) Short selling $257.36M; Ratio 13.164% and BABA-SW (09988.HK) +0.500 (+0.672%) Short selling $65.56M; Ratio 5.226% to Negative, and the 2 stocks opened flat and 0.5% lower respectively. For other tech stocks, MEITUAN-W (03690.HK) -1.700 (-1.526%) Short selling $195.68M; Ratio 14.237% opened 1.3% higher. BILIBILI-W (09626.HK) -0.800 (-0.768%) Short selling $24.20M; Ratio 19.588% opened 0.3% higher. BIDU-SW (09888.HK) +1.900 (+1.839%) Short selling $194.82M; Ratio 31.876% , NTES-S (09999.HK) +0.600 (+0.397%) Short selling $32.77M; Ratio 18.626% , KUAISHOU-W (01024.HK) -0.400 (-0.705%) Short selling $158.96M; Ratio 32.976% and LENOVO GROUP (00992.HK) -0.080 (-0.889%) Short selling $34.76M; Ratio 23.402% each opened 0.2% to 0.7% lower. JD-SW (09618.HK) -2.200 (-1.864%) Short selling $105.77M; Ratio 25.327% and XIAOMI-W (01810.HK) -0.220 (-1.263%) Short selling $108.35M; Ratio 13.191% opened flat.Related NewsBofAS: TENCENT's Annual Buyback May Top $130B, Beating ForecastVehicle stocks BYD COMPANY (01211.HK) +1.000 (+0.462%) Short selling $269.78M; Ratio 31.642% opened flat, as Xiaomi SU7 and some of BYD's models were included in China's catalogue of NEV models exempted from vehicle purchase tax. LI AUTO-W (02015.HK) +3.200 (+3.159%) Short selling $56.92M; Ratio 11.106% and XPENG-W (09868.HK) +0.800 (+2.602%) Short selling $56.55M; Ratio 20.461% opened higher by 1.6% and 1.4% respectively. GEELY AUTO (00175.HK) +0.020 (+0.209%) Short selling $22.68M; Ratio 14.799% opened 0.8% lower.NIO-SW (09866.HK) 0.000 (0.000%) Short selling $6.57M; Ratio 35.487% opened sliding 0.2% after rumours that its car-making qualification has been formally approved, with JAC saying it will continue to cooperate with NIO in other areas such as battery swapping. DONGFENG GROUP (00489.HK) -0.130 (-4.276%) Short selling $9.34M; Ratio 22.002% denied that it plans to build a plant in Italy, and its shares opened by lowering 0.4%.In financials, HSBC HOLDINGS (00005.HK) -0.050 (-0.076%) Short selling $64.97M; Ratio 14.985% is about 1% lower at open. HKEX (00388.HK) -2.000 (-0.784%) Short selling $90.66M; Ratio 13.571% opened down 0.6%, while AIA (01299.HK) +0.750 (+1.309%) Short selling $212.95M; Ratio 11.207% opened flat.Related NewsMacquarie Lifts XIAOMI-W TP to $31.24; Growth Re-acceleratesGALAXY ENT (00027.HK) -0.050 (-0.139%) Short selling $16.22M; Ratio 5.966% opened falling 1.5% lower, the worst-performing blue chip. SANDS CHINA LTD (01928.HK) -0.260 (-1.358%) Short selling $14.36M; Ratio 10.477% also opened declining 1%. WHARF REIC (01997.HK) +0.150 (+0.619%) Short selling $1.05M; Ratio 4.203% meanwhile opened lifting 2.9% and was the best-performing blue chip. HSBC Global Research cited WHARF management as expecting Harbour City to improve, with its retail rents stabilised and expected to improve as sales recover further. SHK PPT (00016.HK) +0.550 (+0.757%) Short selling $7.78M; Ratio 9.195% and HANG LUNG PPT (00101.HK) +0.020 (+0.230%) Short selling $9.17M; Ratio 18.566% also opened elevating 0.1%.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-30 12:25.)Related NewsUBS: XIAOMI-W (01810.HK) SU7 Order Vol., GPM Beat Mkt Consensus