The HSI opened 233 points or 0.99% lower at 23,339. The HSCEI dipped 97 points or 1.14% to 8,462. The HSTECH dropped 66 points or 1.26% to 5,234.Tech stocks were lackluster, with NTES-S (09999.HK) -9.500 (-4.745%) Short selling $538.63M; Ratio 9.472% opening 3.9% lower, making it the worst-performing blue-chip stock. TENCENT (00700.HK) -12.300 (-2.409%) Short selling $915.20M; Ratio 6.481% has integrated multiple products with the latest version of DeepSeek R1. Its stock price inched down 0.9%. BABA-W (09988.HK) -4.200 (-3.556%) Short selling $2.60B; Ratio 11.170% eroded 2.5% despite a surge of over 2.8 times in Tmall's first phase sales of home appliances and mobile digital products during the 618 event compared to last year's Double 11 event. BIDU-SW (09888.HK) -3.150 (-3.715%) Short selling $432.33M; Ratio 23.837% waned 2.2%. Both Baidu AI Cloud's Qianfan model and WenXiaoyan have fully integrated with the latest DeepSeek R1 model.In addition, LENOVO GROUP (00992.HK) -0.410 (-4.339%) Short selling $227.31M; Ratio 20.361% sank 3.1%. XIAOMI-W (01810.HK) -0.750 (-1.451%) Short selling $1.62B; Ratio 15.488% , MEITUAN-W (03690.HK) -2.100 (-1.499%) Short selling $1.63B; Ratio 17.427% , BILIBILI-W (09626.HK) -6.000 (-3.919%) Short selling $160.73M; Ratio 22.896% , and JD-SW (09618.HK) -2.900 (-2.200%) Short selling $405.01M; Ratio 13.974% slipped 1.4-2.3%.Carmakers delivered a mixed performance. BYD COMPANY (01211.HK) -13.200 (-3.251%) Short selling $973.82M; Ratio 10.079% opened declining 2.4% amid reports saying that over 20 4S stores of its dealer in Shandong have ceased operations. NIO-SW (09866.HK) -1.300 (-4.422%) Short selling $182.82M; Ratio 46.043% slid 2%. LI AUTO-W (02015.HK) +4.100 (+3.789%) Short selling $636.78M; Ratio 16.598% gained 4.3%, even though it logged a 20.3% YoY drop in its 1Q non-GAAP net profit. The company's Li i8 and i6 are also scheduled for release in July and September, respectively.Among pharma stocks, CSPC PHARMA (01093.HK) +0.480 (+6.299%) Short selling $601.21M; Ratio 12.146% was the best performer among blue-chip stocks with a spike of 7.6% at open. It is currently in discussions regarding three potential transactions with potential upfront payments totaling around USD5 billion. SINO BIOPHARM (01177.HK) +0.030 (+0.679%) Short selling $146.00M; Ratio 19.759% also added 1.4%.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-30 16:25.)