In the US, the DJIA shot up over 700 points, or 1.8%, at close overnight (27th), and the Nasdaq climbed 2.5%. For Hong Kong, the market opened higher, with the HSI up 3 points to 23,385, the HSCEI up 18 points, or 0.2%, to 8,488, and the HSTECH up 26 points, or 0.5%, to 5,209.

XIAOMI-W (01810.HK)  +0.550 (+1.034%)    Short selling $721.09M; Ratio 13.539%   opened 2.3% higher at HK$52.75 after reporting a 65% YoY upswing in 1Q non-IFRS net profit, beating expectations. KUAISHOU-W (01024.HK)  +0.750 (+1.465%)    Short selling $135.95M; Ratio 16.855%   jumped up 6.5% to HK$51.9, on the 4% rise in 1Q non-IFRS net profit and the company’s confidence in double-digit online advertising revenue growth for 2Q. BABA-W (09988.HK)  +0.800 (+0.702%)    Short selling $1.11B; Ratio 24.262%   is reportedly weighing a stake reduction in ZTO EXPRESS-W (02057.HK)  -2.600 (-1.915%)    Short selling $80.93M; Ratio 41.042%   , with BABA-W opening 0.2% higher at HK$118.2 and ZTO EXPRESS-W dipping 1.1%.

Among other techs, TENCENT (00700.HK)  +5.000 (+0.990%)    Short selling $663.34M; Ratio 14.236%   opened 0.2% higher at HK$513. MEITUAN-W (03690.HK)  +5.000 (+3.660%)    Short selling $1.02B; Ratio 20.024%   and JD-SW (09618.HK)  +0.300 (+0.233%)    Short selling $137.96M; Ratio 17.190%   lost 0.8% and 0.9%, respectively. BILIBILI-W (09626.HK)  0.000 (0.000%)    Short selling $62.38M; Ratio 19.147%   leaped 2.5%. NEW ORIENTAL-S (09901.HK)  +0.250 (+0.696%)    Short selling $11.81M; Ratio 23.170%   slid 2.4%. SMIC (00981.HK)  +0.350 (+0.864%)    Short selling $117.15M; Ratio 12.634%   dived 0.6%.

The China Passenger Car Association (CPCA) noted that the auto industry saw revenue growth but no profit increase in 4M25, with mounting profit pressures for major carmakers. BYD COMPANY (01211.HK)  +7.200 (+1.797%)    Short selling $1.05B; Ratio 31.758%   opened flat at HK$418.2, and LI AUTO-W (02015.HK)  +0.800 (+0.687%)    Short selling $312.26M; Ratio 30.462%   fell 1.6%. GEELY AUTO (00175.HK)  +0.480 (+2.706%)    Short selling $102.44M; Ratio 10.216%   , said to launch satellites like “Qianli Haohan” for global real-time satellite communication services this year, opened 0.8% higher at HK$18.2. Battery maker CATL (03750.HK)  -0.200 (-0.065%)    Short selling $160.89M; Ratio 39.436%   opened 0.6% higher.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-04 12:25.)