The Hong Kong stock market reversed its six-day rally with the HSI opening down 149 points this morning and breaking below the 21,000 mark in early trading. It is now at an immediate market bottom of 20,963, down 502 points or 2.3%, underperforming major regional markets on a turnover of $96.389 billion. Meanwhile, the HSTECH is now down 210 points or 4.2% at 4,770.

MEITUAN-W (03690.HK)  -1.800 (-1.363%)    Short selling $1.16B; Ratio 18.766%   opened 2.5% lower. It last printed at $136.2, down 7.2%, making it the worst-performing blue-chip stock on a turnover of $4.889 billion. Other heavyweight tech stocks were also under pressure. BABA-W (09988.HK)  +2.500 (+2.174%)    Short selling $401.98M; Ratio 5.045%   , BYD ELECTRONIC (00285.HK)  +0.300 (+0.937%)    Short selling $37.50M; Ratio 10.056%   , SUNNY OPTICAL (02382.HK)  -0.050 (-0.076%)    Short selling $145.81M; Ratio 31.019%   , LENOVO GROUP (00992.HK)  +0.180 (+2.043%)    Short selling $95.13M; Ratio 20.256%   , JD-SW (09618.HK)  -1.000 (-0.776%)    Short selling $175.89M; Ratio 11.100%   , and KUAISHOU-W (01024.HK)  +0.800 (+1.575%)    Short selling $111.97M; Ratio 11.890%   waned 4.2-5.6%. TENCENT (00700.HK)  +4.200 (+0.888%)    Short selling $593.72M; Ratio 8.166%   dipped 2.4%. XIAOMI-W (01810.HK)  +2.500 (+5.269%)    Short selling $1.54B; Ratio 12.937%   continued to drop 4.18%. It was last at $41.3, on a turnover of $4.38 billion.

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Weighted financial stocks delivered a mixed performance. AIA (01299.HK)  +3.550 (+6.508%)    Short selling $535.64M; Ratio 12.987%   edged down 0.8%. HKEX (00388.HK)  +5.400 (+1.610%)    Short selling $301.96M; Ratio 13.574%   slipped 1%. HSBC HOLDINGS (00005.HK)  -1.250 (-1.415%)    Short selling $318.79M; Ratio 15.179%   rose 1%. Among Chinese blue-chip insurers, CHINA LIFE (02628.HK)  +0.220 (+1.574%)    Short selling $44.22M; Ratio 4.196%   and PING AN (02318.HK)  +0.450 (+0.975%)    Short selling $323.30M; Ratio 19.114%   fell about 1.3%.

Car makers were squeezed. XPENG-W (09868.HK)  -0.750 (-1.019%)    Short selling $484.07M; Ratio 24.873%   slid 7%. It last traded at $73.3, down 6.98%, on a turnover of $910 million. LEAPMOTOR (09863.HK)  +0.800 (+1.459%)    Short selling $23.55M; Ratio 5.337%   eroded 7%. NIO-SW (09866.HK)  -1.700 (-5.128%)    Short selling $312.04M; Ratio 57.744%   sagged 5.2%. GEELY AUTO (00175.HK)  -0.100 (-0.608%)    Short selling $99.73M; Ratio 13.740%   , GWMOTOR (02333.HK)  -0.280 (-2.456%)    Short selling $105.96M; Ratio 18.203%   , BYD COMPANY (01211.HK)  -1.200 (-0.323%)    Short selling $1.03B; Ratio 26.826%   , and LI AUTO-W (02015.HK)  +1.000 (+1.061%)    Short selling $167.88M; Ratio 22.941%   retreated 3.6-4.6%.

Pharmaceutical stocks were dull. WUXI APPTEC (02359.HK)  -0.500 (-0.824%)    Short selling $69.99M; Ratio 15.080%   faded 2.9%, and WUXI BIO (02269.HK)  -0.300 (-1.299%)    Short selling $105.68M; Ratio 20.200%   dived 5.7%. HANSOH PHARMA (03692.HK)  +0.550 (+2.335%)    Short selling $57.97M; Ratio 27.034%   , CSPC PHARMA (01093.HK)  +0.040 (+0.657%)    Short selling $162.89M; Ratio 13.770%   , and SINO BIOPHARM (01177.HK)  +0.020 (+0.514%)    Short selling $68.87M; Ratio 23.463%   sank about 3-4%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-30 16:25.)

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