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<H Shrs>HSI Opens 79 Pts Lower as BIDU Sags 4%+; XPENG Rallies ~10%
The HSI opened 79 points or 0.3% lower at 23,748. The HSCEI opened 20 points or 0.2% lower at 8,640. The HSTECH opened 5 points or 0.1% lower at 5,336.BIDU-SW (09888.HK)'s ADR ...
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<H Shrs>HSI Opens 79 Pts Lower as BIDU Sags 4%+; XPENG Rallies ~10%
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The HSI opened 79 points or 0.3% lower at 23,748. The HSCEI opened 20 points or 0.2% lower at 8,640. The HSTECH opened 5 points or 0.1% lower at 5,336.

BIDU-SW (09888.HK)  +0.450 (+0.544%)    Short selling $262.62M; Ratio 30.780%   's ADR cascaded 4.3% as management guided for decline in advertising revenue in the next 2 quarters, and its share price shed 2.1% to $84.3. BILIBILI-W (09626.HK)  +6.100 (+4.348%)    Short selling $270.14M; Ratio 24.390%   lost 1.1% to $144.4 after it issued US$600 million convertible senior notes with a purchase option to increase principal amount by up to US$90 million.

For other techs, BABA-W (09988.HK)  -0.300 (-0.252%)    Short selling $811.92M; Ratio 10.254%   , JD-SW (09618.HK)  -0.600 (-0.453%)    Short selling $103.35M; Ratio 11.603%   and KUAISHOU-W (01024.HK)  -0.100 (-0.205%)    Short selling $479.15M; Ratio 34.828%   slipped 1-1.3%, while TENCENT (00700.HK)  +1.500 (+0.290%)    Short selling $1.12B; Ratio 13.308%   ebbed 0.1% to $520. MEITUAN-W (03690.HK)  +0.900 (+0.662%)    Short selling $1.39B; Ratio 27.109%   and SMIC (00981.HK)  +0.050 (+0.120%)    Short selling $59.01M; Ratio 3.927%   dropped 0.6%.

XPENG-W (09868.HK)  -3.200 (-3.900%)    Short selling $690.76M; Ratio 29.473%   rallied 9.7% to $85.1 after management reiterated profitability in 4Q25. Its ADR also spiked 13%. XIAOMI-W (01810.HK)  -0.200 (-0.376%)    Short selling $1.00B; Ratio 12.224%   added 0.5% to $54.7 as the Company will unveil its first SUV model YU7, as well as the SoC chip Xring O1 and Xiaomi 15SPR mobile phone, etc.. CATL (03750.HK)  -7.400 (-2.244%)    Short selling $744.46M; Ratio 25.441%   ticked up 1% to $340.8 as David Webb warned that the circulation of its H-shares are too low.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.)

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