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<H Shrs>HSI Opens Down 65 pts; MEITUAN-W Tumbles ~5%; XIAOMI-W Weakens Pre-results
The HSI opened down 65 points or 0.28% at 23,216. The HSCEI dipped 25 points or 0.3% to 8,411. The HSTECH dropped 26 points or 0.5% to 5,130.MEITUAN-W (03690.HK)'s 1Q non-IFRS ...
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<H Shrs>HSI Opens Down 65 pts; MEITUAN-W Tumbles ~5%; XIAOMI-W Weakens Pre-results
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The HSI opened down 65 points or 0.28% at 23,216. The HSCEI dipped 25 points or 0.3% to 8,411. The HSTECH dropped 26 points or 0.5% to 5,130.

MEITUAN-W (03690.HK)  -1.700 (-1.287%)    Short selling $428.29M; Ratio 12.623%   's 1Q non-IFRS adjusted profit grew 46.2% YoY, beating forecasts, but the company predicted a substantial YoY decline in its 2Q core local business operating profit as it stated that it would strive to win the competition at any costs. Its stock price opened sinking 4.9% at HKD123. Meanwhile, JD-SW (09618.HK)  -1.600 (-1.247%)    Short selling $124.16M; Ratio 20.647%   fell 2% to HKD127, and BABA-W (09988.HK)  -2.200 (-1.864%)    Short selling $343.20M; Ratio 9.778%   inched down 0.8% to HKD116.

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Among other tech stocks, TENCENT (00700.HK)  -6.000 (-1.172%)    Short selling $279.79M; Ratio 6.947%   edged down 0.3% to HKD508.5 at open, while BIDU-SW (09888.HK)  -0.300 (-0.367%)    Short selling $23.19M; Ratio 6.953%   and NTES-S (09999.HK)  +5.400 (+2.810%)    Short selling $162.80M; Ratio 23.972%   added 0.1% and 0.2%, respectively. XIAOMI-W (01810.HK)  +0.700 (+1.358%)    Short selling $1.07B; Ratio 16.151%   lost 0.6% to HKD51. The company denied that the XringO1 was a custom chip ordered from Arm. KUAISHOU-W (01024.HK)  +2.450 (+5.026%)    Short selling $458.16M; Ratio 19.478%   remained flat at HKD48.5. XIAOMI-W and KUAISHOU-W will announce their results after the market closes. SMIC (00981.HK)  -0.900 (-2.151%)    Short selling $67.88M; Ratio 5.521%   and HORIZONROBOT-W (09660.HK)  -0.260 (-3.283%)    Short selling $189.49M; Ratio 19.454%   climbed 1.1% and 2%.

Regarding car stocks, GEELY AUTO (00175.HK)  -0.260 (-1.440%)    Short selling $81.24M; Ratio 11.530%   and BYD COMPANY (01211.HK)  -9.200 (-2.200%)    Short selling $290.18M; Ratio 13.084%   opened 0.7% and 1.6% lower. In addition, HKEX (00388.HK)  -5.000 (-1.256%)    Short selling $167.70M; Ratio 13.195%   is reportedly planning to launch "zero-days to expiry” contracts" as early as 1H26, lifting its stock price by 0.4% to HKD388.8 at open. HSBC HOLDINGS (00005.HK)  -0.550 (-0.595%)    Short selling $36.34M; Ratio 5.237%   inched up 0.3% to HKD93. AIA (01299.HK)  -0.440 (-0.689%)    Short selling $175.30M; Ratio 17.602%   stayed unchanged at HKD64.45.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-28 12:25.)

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