The HSI crossed the finish line down 18 points or 0.08% at 24,498. The HSCEI dropped 8 points or 0.1% to close at 8,853. The HSTECH gained 30 points or 0.6%, closing at 5,448. The total market turnover for the day amounted to HKD236.412 billion.

JD-SW (09618.HK)  +3.700 (+2.972%)    Short selling $335.24M; Ratio 12.690%   inched down 0.2% after JD Food Delivery revised its "20-minute late delivery free order" policy to a "Zhunshibao" service. BABA-W (09988.HK)  +3.300 (+2.933%)    Short selling $1.44B; Ratio 15.026%   lost 1.1%. MEITUAN-W (03690.HK)  +1.800 (+1.434%)    Short selling $865.25M; Ratio 16.815%   gained 1.1%. BIDU-SW (09888.HK)  +0.400 (+0.467%)    Short selling $305.37M; Ratio 40.810%   slipped 3.3% after launching "TizzyAI", an ad-free intelligent search platform. BILIBILI-W (09626.HK)  +7.800 (+4.065%)    Short selling $315.14M; Ratio 22.423%   shot up 2%. BofA Securities lifted its target price for the company.

Among other tech stocks, TENCENT (00700.HK)  +2.000 (+0.387%)    Short selling $814.89M; Ratio 11.366%   edged up 0.1% to HKD517. NTES-S (09999.HK)  +5.200 (+2.500%)    Short selling $385.75M; Ratio 29.816%   added 0.6%. KUAISHOU-W (01024.HK)  +1.550 (+2.242%)    Short selling $702.41M; Ratio 21.810%   slipped 0.6%. In addition, CHINASOFT INT'L (00354.HK)  -0.060 (-1.043%)    Short selling $52.41M; Ratio 8.608%   and HORIZONROBOT-W (09660.HK)  -0.010 (-0.141%)    Short selling $83.02M; Ratio 7.500%   ballooned 12.7% and 4.9%. NEW ORIENTAL-S (09901.HK)  +0.400 (+1.013%)    Short selling $78.45M; Ratio 30.317%   fell 2.5%. LENS (06613.HK)  -0.100 (-0.478%)   mushroomed 8.1%. Chip stocks SMIC (00981.HK)  +0.800 (+1.728%)    Short selling $141.95M; Ratio 4.809%   and HUA HONG SEMI (01347.HK)  -0.250 (-0.695%)    Short selling $117.03M; Ratio 14.096%   ticked up 2%.

As for car stocks, LI AUTO-W (02015.HK)  +0.400 (+0.322%)    Short selling $342.32M; Ratio 16.957%   has opened pre-order for the i8 model with a price ranging from RMB350,000 to RMB400,000. LI AUTO-W was hyped up 9.7% to close at HKD124.1, with a turnover of HKD4.94 billion. XPENG-W (09868.HK)  +0.850 (+1.195%)    Short selling $98.20M; Ratio 11.012%   rose 1.1% after its flying car factory topped out, with completion planned for next quarter and deliveries starting in 2026. XIAOMI-W (01810.HK)  +0.850 (+1.514%)    Short selling $488.45M; Ratio 8.929%   faded 2%. BYD COMPANY (01211.HK)  +2.600 (+2.100%)    Short selling $802.98M; Ratio 29.567%   and GEELY AUTO (00175.HK)  -0.100 (-0.526%)    Short selling $189.53M; Ratio 16.804%   climbed 1.1% and 4.2%. Lithium stocks GANFENGLITHIUM (01772.HK)  +0.550 (+2.183%)    Short selling $50.04M; Ratio 11.591%   and TIANQI LITHIUM (09696.HK)  +1.800 (+5.816%)    Short selling $17.37M; Ratio 5.247%   swelled 5% and 4.4%.

Pharma stocks thrived. As the 11th batch of national centralized drug procurement is more transparent along with moderate price cuts, JPMorgan expects the impact on pharma firms will gradually weaken. JW THERAP-B (02126.HK)  -0.090 (-2.452%)   rocketed 20.7%. FUDANZHANGJIANG (01349.HK)  -0.220 (-5.000%)   and KINTOR PHARMA-B (09939.HK)  -0.110 (-4.104%)   soared 14.3% and 11%. AKESO (09926.HK)  +1.200 (+0.860%)    Short selling $152.59M; Ratio 10.551%   and BEIGENE (06160.HK)  -0.600 (-0.327%)    Short selling $516.97M; Ratio 27.219%   surged more than 10%. 3SBIO (01530.HK)  +0.750 (+2.451%)    Short selling $191.83M; Ratio 19.726%   and GENSCRIPT BIO (01548.HK)  +0.160 (+0.962%)    Short selling $93.37M; Ratio 18.091%   spiked 9.5% and 8.2%. SINO BIOPHARM (01177.HK)  +0.080 (+1.173%)    Short selling $242.82M; Ratio 20.860%   grew 5.9%. WUXI BIO (02269.HK)  +0.250 (+0.883%)    Short selling $152.51M; Ratio 14.095%   and HANSOH PHARMA (03692.HK)  +1.550 (+4.493%)    Short selling $153.34M; Ratio 31.696%   inclined 4.4% and 4%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-18 16:25.)