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<H Shrs>HSI Sheds 169Pts at Open; ALI HEALTH Sags ~5%
U.S. June non-farm payrolls beat. The U.S. House passed the One Big Beautiful Bill Act (OBBBA), with US President Donald Trump announcing plans to notify countries of reciprocal ta...
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<H Shrs>HSI Sheds 169Pts at Open; ALI HEALTH Sags ~5%
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U.S. June non-farm payrolls beat. The U.S. House passed the One Big Beautiful Bill Act (OBBBA), with US President Donald Trump announcing plans to notify countries of reciprocal tariff rates.

The HKD triggered the weak-side convertibility undertaking twice, prompting the HKMA to buy HKD in an amount of HKD29.6 billion. Hong Kong bourse opened lower, with the HSI down 169 points or 0.7% at 23,900, the HSCEI down 62 points or 0.7% at 8,585, and the HSTECH down 39 points or 0.8% at 5,194.

BABA-W (09988.HK)  +0.300 (+0.285%)    Short selling $1.01B; Ratio 11.966%   planned to issue HKD12 billion in zero-coupon convertible bonds, exchangeable for ALI HEALTH (00241.HK)  -0.020 (-0.474%)    Short selling $87.66M; Ratio 15.842%   at an initial price of HKD6.23 per share. BABA-W opened 0.9% lower at HKD105.2, and ALI HEALTH fell off 4.9% to HKD4.3.

For other techs, TENCENT (00700.HK)  +5.200 (+1.047%)    Short selling $657.91M; Ratio 11.321%   opened 1.6% lower at HKD493; MEITUAN-W (03690.HK)  -1.800 (-1.490%)    Short selling $2.03B; Ratio 20.779%   , BIDU-SW (09888.HK)  0.000 (0.000%)    Short selling $99.46M; Ratio 25.678%   , and NTES-S (09999.HK)  -1.200 (-0.571%)    Short selling $101.86M; Ratio 13.140%   dipped 0.8-1.2%; SMIC (00981.HK)  +0.350 (+0.796%)    Short selling $174.77M; Ratio 6.705%   , JD-SW (09618.HK)  +0.600 (+0.483%)    Short selling $327.93M; Ratio 16.543%   , and KUAISHOU-W (01024.HK)  +1.100 (+1.777%)    Short selling $539.54M; Ratio 25.535%   sank 0.3-0.5%.

Xiaomi’s YU7 configuration sparked consumer attention, but its stock XIAOMI-W (01810.HK)  -0.200 (-0.348%)    Short selling $491.91M; Ratio 10.632%   opened 1% lower at HKD57.5. XPeng’s G7, priced from RMB195,800, well below pre-sale expectations, saw its stock XPENG-W (09868.HK)  +1.850 (+2.677%)    Short selling $448.95M; Ratio 24.882%   open 2% lower at HKD72.5.

Other automakers were mixed. BYD COMPANY (01211.HK)  0.000 (0.000%)    Short selling $878.78M; Ratio 42.127%   opened 0.6% lower at HKD122.3; LI AUTO-W (02015.HK)  +2.900 (+2.797%)    Short selling $612.48M; Ratio 39.477%   lost 0.2%; and NIO-SW (09866.HK)  +0.150 (+0.564%)    Short selling $32.01M; Ratio 25.143%   lifted 0.4%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-07 16:25.)

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