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<H Shrs>HSI Slips 127 pts at Midday; KUAISHOU-W Rallies 5% Post-Results; Autos Lackluster Generally
The HSI settled the midday down 127 points or 0.5% at 23,254. The HSCEI dropped 31 points or 0.4% to 8,438. The HSTECH dipped 19 points or 0.4% to 5,162. The total half-day turnove...
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<H Shrs>HSI Slips 127 pts at Midday; KUAISHOU-W Rallies 5% Post-Results; Autos Lackluster Generally
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The HSI settled the midday down 127 points or 0.5% at 23,254. The HSCEI dropped 31 points or 0.4% to 8,438. The HSTECH dipped 19 points or 0.4% to 5,162. The total half-day turnover for the market amounted to HKD99.948 billion.

XIAOMI-W (01810.HK)  -0.100 (-0.193%)    Short selling $449.76M; Ratio 14.097%   's 1Q non-IFRS net profit beat forecasts with a spike of 65%, lifting the company's stock price by 1.4% to HKD52.25 at midday. KUAISHOU-W (01024.HK)  +2.650 (+5.131%)    Short selling $421.56M; Ratio 23.935%   also soared 5% to HKD51.2. The company's 1Q non-IFRS net profit increased by 4%, and it is confident of double-digit growth in online advertising revenue in 2Q. Amid reports suggesting that BABA-W (09988.HK)  +2.400 (+2.074%)    Short selling $426.93M; Ratio 11.068%   is considering slashing its stake in ZTO EXPRESS-W (02057.HK)  +5.800 (+4.312%)    Short selling $12.80M; Ratio 7.698%   , the former dropped 1.9%, while the latter gained 1.9%.

Among other tech stocks, NTES-S (09999.HK)  +3.458 (+1.759%)    Short selling $279.88M; Ratio 21.630%   rose 2.8% to HKD197.6. BIDU-SW (09888.HK)  +2.250 (+2.724%)    Short selling $32.26M; Ratio 9.388%   inched down 0.4%. TENCENT (00700.HK)  +5.000 (+0.988%)    Short selling $644.70M; Ratio 15.002%   , MEITUAN-W (03690.HK)  +8.500 (+6.469%)    Short selling $1.22B; Ratio 20.856%   , JD-SW (09618.HK)  +5.400 (+4.269%)    Short selling $88.72M; Ratio 10.626%   , and BILIBILI-W (09626.HK)  +0.900 (+0.593%)    Short selling $63.40M; Ratio 20.740%   eroded 1-1.3%. NEW ORIENTAL-S (09901.HK)  +1.750 (+4.730%)    Short selling $37.86M; Ratio 26.416%   and SMIC (00981.HK)  +0.900 (+2.206%)    Short selling $184.72M; Ratio 15.757%   waned 2% and 2.2%. HORIZONROBOT-W (09660.HK)  +0.100 (+1.339%)    Short selling $159.49M; Ratio 17.959%   , KINGSOFT (03888.HK)  -1.000 (-2.774%)    Short selling $192.35M; Ratio 33.838%   , and XD INC (02400.HK)  +0.700 (+1.862%)    Short selling $2.27M; Ratio 6.547%   sank over 3%. GDS-SW (09698.HK)  +0.500 (+2.012%)    Short selling $80.41M; Ratio 54.664%   plummeted 8.9%.

The China Passenger Car Association reported that China's automotive industry logged increased revenue without profit uplifts in 1-4M25, and that earnings pressure on mainstream carmakers has been mounting recently. BYD COMPANY (01211.HK)  -0.600 (-0.147%)    Short selling $195.05M; Ratio 6.108%   and LI AUTO-W (02015.HK)  -0.900 (-0.826%)    Short selling $218.51M; Ratio 30.493%   slid 2.2% and 1.9%. GEELY AUTO (00175.HK)  +0.140 (+0.794%)    Short selling $117.68M; Ratio 12.414%   is purportedly planning to launch satellites, including "Qianli Haohan", to achieve global real-time satellite communication services within the year. Its stock price slipped 1.4%. In contrast, GWMOTOR (02333.HK)  -0.020 (-0.160%)    Short selling $54.22M; Ratio 31.954%   advanced 2.2%. Battery stock CATL (03750.HK)  -3.200 (-1.026%)    Short selling $243.07M; Ratio 46.687%   also edged up 0.7%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-29 12:25.)

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