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<H Shrs>HSI Drops 270 Pts at Midday; KUAISHOU-W Rockets 9% Amid Tech Rally
The HSI concluded the midday down 270 points or 1.1% at 24,906. The HSCEI fell 93 points or 1% to 8,944. The HSTECH rose 18 points or 0.3% to 5,509. The total market turnover at mi...
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<H Shrs>HSI Drops 270 Pts at Midday; KUAISHOU-W Rockets 9% Amid Tech Rally
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The HSI concluded the midday down 270 points or 1.1% at 24,906. The HSCEI fell 93 points or 1% to 8,944. The HSTECH rose 18 points or 0.3% to 5,509. The total market turnover at midday amounted to HKD167.178 billion.

It is reported that Prosus will further slash its stake in MEITUAN-W (03690.HK)  +0.600 (+0.493%)    Short selling $1.89B; Ratio 27.601%   , sinking MEITUAN-W's stock price by 3.8%. JD-SW (09618.HK)  -0.200 (-0.163%)    Short selling $256.67M; Ratio 14.094%   slipped 2.3% after submitting a bid for European consumer electronics retailer Ceconomy. NEW ORIENTAL-S (09901.HK)  -0.650 (-1.857%)    Short selling $68.06M; Ratio 22.497%   slid 2.9%.

Most of the other tech stocks joined a rally. BABA-W (09988.HK)  +1.200 (+1.037%)    Short selling $662.20M; Ratio 7.482%   inched up 0.2%. TENCENT (00700.HK)  -15.000 (-2.727%)    Short selling $1.95B; Ratio 16.927%   and NTES-S (09999.HK)  -3.000 (-1.468%)    Short selling $191.14M; Ratio 18.969%   advanced 1.5% and 1%. BILIBILI-W (09626.HK)  -5.300 (-2.953%)    Short selling $189.58M; Ratio 16.248%   and SMIC (00981.HK)  -1.050 (-2.055%)    Short selling $241.57M; Ratio 7.234%   hiked 2%. KUAISHOU-W (01024.HK)  -2.400 (-3.117%)    Short selling $587.92M; Ratio 14.457%   was hyped up 9%.

In addition, MEITU (01357.HK)  -0.480 (-3.974%)    Short selling $123.50M; Ratio 6.771%   skyrocketed 15.3%. KINGDEE INT'L (00268.HK)  -0.320 (-1.749%)    Short selling $197.20M; Ratio 24.455%   and KINGSOFT CLOUD (03896.HK)  -0.230 (-2.945%)    Short selling $126.17M; Ratio 16.361%   spiked 11.7% and 10.1%. EAST BUY (01797.HK)  +0.900 (+4.100%)    Short selling $25.93M; Ratio 3.174%   swelled 7.1%, WEIMOB INC (02013.HK)  -0.160 (-7.306%)    Short selling $54.93M; Ratio 15.490%   leaped 5.2%. KINGSOFT (03888.HK)  -1.750 (-4.895%)    Short selling $184.06M; Ratio 31.480%   , PA GOODDOCTOR (01833.HK)  -0.280 (-2.280%)    Short selling $13.55M; Ratio 6.224%   , CHINASOFT INT'L (00354.HK)  -0.170 (-2.982%)    Short selling $41.20M; Ratio 14.242%   , and GDS-SW (09698.HK)  -0.750 (-2.113%)    Short selling $58.43M; Ratio 27.153%   gained 3.4-4.6%.

WUXI APPTEC (02359.HK)  -4.000 (-3.784%)    Short selling $577.63M; Ratio 37.655%   aims to raise HKD7.65 billion net through a 6.9% discounted share placement. Its stock price receded 3.8%. Under the same series, WUXI BIO (02269.HK)  -0.850 (-2.640%)    Short selling $297.81M; Ratio 19.357%   lost 1.8%. SINO BIOPHARM (01177.HK)  -0.200 (-2.660%)    Short selling $130.81M; Ratio 10.787%   added 1.7%, buoyed by a smooth licensing collaboration with Merck, with a USD300 million milestone payment expected soon. SINOPHARM (01099.HK)  -0.020 (-0.106%)    Short selling $15.46M; Ratio 17.626%   ebbed 3.3%. Battery stock CATL (03750.HK)  -3.200 (-0.788%)    Short selling $59.40M; Ratio 4.171%   waned 3% even though its interim net profit rose 33%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)

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