The HSI ended the day down 283 points or 1.2% at 23,544. The HSCEI fell 103 points or 1.2% to close at 8,557. The HSTECH dropped 90 points or 1.7%, closing at 5,251. Total market turnover for the day amounted to HKD198.229 billion.

BIDU-SW (09888.HK)  +0.450 (+0.544%)    Short selling $262.62M; Ratio 30.780%   closed 4% lower at HKD82.65 after management guided for lower ad revenue in the next two quarters. BILIBILI-W (09626.HK)  +6.100 (+4.348%)    Short selling $270.14M; Ratio 24.390%   dived 3.9% after issuing USD600 million in convertible senior notes, with an option to increase by up to USD90 million. WB-SW (09898.HK)  +1.950 (+2.737%)    Short selling $1.04M; Ratio 3.952%   's 1Q net profit surged 1.16 times, lifting its stock price by 4.5%. LENOVO GROUP (00992.HK)  -0.070 (-0.731%)    Short selling $363.73M; Ratio 41.807%   , which has released its results, slumped 5.4% throughout the day, closing at HKD9.57. Due to non-cash fair value losses on warrants, the company's profit attributable to equity holders for 4FQ ended March plunged 63.7% YoY to around USD90 million.

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Among other techs, BABA-W (09988.HK)  -0.300 (-0.252%)    Short selling $811.92M; Ratio 10.254%   and KUAISHOU-W (01024.HK)  -0.100 (-0.205%)    Short selling $479.15M; Ratio 34.828%   slipped 3% and 3.2%, respectively, while TENCENT (00700.HK)  +1.500 (+0.290%)    Short selling $1.12B; Ratio 13.308%   and MEITUAN-W (03690.HK)  +0.900 (+0.662%)    Short selling $1.39B; Ratio 27.109%   edged down less than 1%. JD-SW (09618.HK)  -0.600 (-0.453%)    Short selling $103.35M; Ratio 11.603%   , NTES-S (09999.HK)  +2.000 (+1.072%)    Short selling $145.05M; Ratio 19.298%   , and SMIC (00981.HK)  +0.050 (+0.120%)    Short selling $59.01M; Ratio 3.927%   slid 1.5-2%.

In addition, NEW ORIENTAL-S (09901.HK)  -0.250 (-0.680%)    Short selling $73.34M; Ratio 42.829%   lost 2.3%. BYD ELECTRONIC (00285.HK)  -0.150 (-0.443%)    Short selling $85.85M; Ratio 19.670%   and WEIMOB INC (02013.HK)  -0.010 (-0.559%)    Short selling $9.67M; Ratio 10.835%   eroded 3.1% and 4.3% respectively. MEITU (01357.HK)  -0.160 (-2.432%)    Short selling $55.04M; Ratio 8.473%   and ALI HEALTH (00241.HK)  -0.020 (-0.442%)    Short selling $262.31M; Ratio 40.865%   retreated over 6%. In contrast, JD HEALTH (06618.HK)  -0.300 (-0.724%)    Short selling $118.40M; Ratio 37.524%   and EAST BUY (01797.HK)  -0.100 (-0.833%)    Short selling $3.82M; Ratio 3.635%   soared 3.7% and 3.6%.

XPENG-W (09868.HK)  -3.200 (-3.900%)    Short selling $690.76M; Ratio 29.473%   management reiterated its profitability for 4Q, elevating its stock price by 5.8% to close at HKD82.05. Independent stock commentator David Webb warned that the number of CATL (03750.HK)  -7.400 (-2.244%)    Short selling $744.46M; Ratio 25.441%   's H-shares in circulation is too low. The company's stock price ebbed 2.3%.

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The China Passenger Car Association charted a 32% YoY spike in NEV retail sales for the first 18 days of May, yet GEELY AUTO (00175.HK)  +0.200 (+0.995%)    Short selling $377.51M; Ratio 22.241%   and BYD COMPANY (01211.HK)  +9.000 (+1.973%)    Short selling $1.51B; Ratio 32.446%   gave back over 1%. LI AUTO-W (02015.HK)  +1.200 (+1.069%)    Short selling $505.84M; Ratio 29.694%   also waned 2.8% amid reports saying that it has lowered its 2025 sales target to 640,000 vehicles. XIAOMI-W (01810.HK)  -0.200 (-0.376%)    Short selling $1.00B; Ratio 12.224%   sank 2.3%. Lei Jun, the company's chairman and CEO, announced on Weibo that the upcoming pre-launch event will not reveal the prices and open pre-orders for the YU7.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.)