The Federal Reserve upheld the federal funds rate target range as expected. Tensions in the Middle East aggravated, with foreign media citing sources that U.S. senior officials are preparing for a possible attack on Iran in the coming days, potentially as early as this weekend, although the situation is still developing and final plans may change. U.S. stock market closed tonight (19th), with U.S. stock futures slightly down. The DJIA futures last dropped 61 points or 0.14% at 42,451; S&P 500 futures and Nasdaq futures sank 0.19% and 0.33%, respectively.Related NewsIndustrial Production YoY for May in China is 5.8%, lower than the previous value of 6.1%. The forecast was 5.9%.Hong Kong bourse opened 90 points lower this morning at 23,620, with the morning session's downfall deepening, having slumped 451 points to bottom at 23,259. As of around 11:40, the latest print was 23,269, down 441 points or nearly 1.9%, with a turnover of HKD114.523 billion.Pharmaceuticals led the decline, with CSPC PHARMA (01093.HK) -0.030 (-0.394%) Short selling $260.30M; Ratio 10.582% diving 6%, the largest plunge among blue chips. WUXI BIO (02269.HK) +0.050 (+0.207%) Short selling $232.02M; Ratio 19.833% and HANSOH PHARMA (03692.HK) 0.000 (0.000%) Short selling $180.96M; Ratio 35.646% each sagged about 4%. SINO BIOPHARM (01177.HK) +0.090 (+1.856%) Short selling $145.25M; Ratio 19.652% also cratered about 3%. The two major online pharmaceutical blue chips, ALI HEALTH (00241.HK) +0.010 (+0.231%) Short selling $110.56M; Ratio 21.465% and JD HEALTH (06618.HK) -0.150 (-0.379%) Short selling $50.88M; Ratio 17.493% , each dived 4.6% and 3.7%.Heavyweight techs were subdued, with KUAISHOU-W (01024.HK) +0.500 (+0.888%) Short selling $443.17M; Ratio 23.959% , JD-SW (09618.HK) -0.400 (-0.321%) Short selling $742.34M; Ratio 28.281% , MEITUAN-W (03690.HK) +0.400 (+0.312%) Short selling $1.18B; Ratio 14.808% , and TRIP.COM-S (09961.HK) +1.000 (+0.225%) Short selling $385.35M; Ratio 15.701% each down about 3-4%.Related NewsRetail Sales YoY for May in China is 6.4%, higher than the previous value of 5.1%. The forecast was 5%."Star stocks" mirrored the market downtrend, with MIXUE GROUP (02097.HK) +12.700 (+2.572%) last at HKD490.2, down 4.26%, with a turnover of HKD215 million. POP MART (09992.HK) -12.400 (-4.988%) Short selling $413.96M; Ratio 6.485% last traded at HKD247.2, down 5.86%, with a turnover of HKD3.777 billion. LAOPU GOLD (06181.HK) -3.500 (-0.429%) Short selling $287.76M; Ratio 22.131% last posted at HKD813.5, down 6.76%, with a turnover of HKD756 million.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-19 16:25.)