The HSI opened 28 points or 0.1% lower at 24,744. The HECEI dipped 12 points or 0.1% to 8,870. The HSTECH dropped 5 points or 0.1% to 5,447.In the tech sector, BABA-W (09988.HK) -1.100 (-0.941%) Short selling $662.20M; Ratio 7.482% opened rallying 1.8% at HKD117.8, TENCENT (00700.HK) +9.000 (+1.682%) Short selling $1.95B; Ratio 16.927% inched 0.3% higher to HKD551.5. MEITUAN-W (03690.HK) -0.700 (-0.573%) Short selling $1.89B; Ratio 27.601% and NTES-S (09999.HK) +2.800 (+1.390%) Short selling $191.14M; Ratio 18.969% edged down 0.4% and 1.5%, respectively. JD-SW (09618.HK) -0.500 (-0.407%) Short selling $256.67M; Ratio 14.094% remained flat at HKD122.9. BILIBILI-W (09626.HK) +2.200 (+1.263%) Short selling $189.58M; Ratio 16.248% added 0.4%. BIDU-SW (09888.HK) +0.150 (+0.175%) Short selling $187.60M; Ratio 24.670% and KUAISHOU-W (01024.HK) +2.500 (+3.351%) Short selling $587.92M; Ratio 14.457% gained 1% and 1.3%. SMIC (00981.HK) +1.250 (+2.498%) Short selling $241.57M; Ratio 7.234% stayed flat at HKD51.1. KINGDEE INT'L (00268.HK) +0.430 (+2.392%) Short selling $197.20M; Ratio 24.455% rallied 2.3%.Related NewsJefferies: HSBC HOLDINGS 2Q NII Beats; Wealth Mgmt Biz SturdyCar maker NIO-SW (09866.HK) +0.120 (+0.317%) Short selling $164.61M; Ratio 34.197% rocketed 8.8% to HKD37.85 at open. The Onvo L90 is priced from RMB265,800, and the six-seat version has begun delivery. Citi considered the L90's pricing very attractive, predicting its monthly deliveries to be 6,000-7,000 units at first and soon reach over 10,000 units.Meanwhile, GEELY AUTO (00175.HK) +0.160 (+0.906%) Short selling $165.95M; Ratio 19.328% and XIAOMI-W (01810.HK) +1.100 (+2.060%) Short selling $1.00B; Ratio 14.947% opened down 0.3% and 0.7%, respectively. Xiaomi Auto is planning to add 18 new stores this month. BYD COMPANY (01211.HK) -2.200 (-1.893%) Short selling $620.96M; Ratio 13.748% and LI AUTO-W (02015.HK) +0.200 (+0.199%) Short selling $753.94M; Ratio 29.187% also lost 1.1% and 1.5%. In contrast, XPENG-W (09868.HK) +1.000 (+1.403%) Short selling $167.54M; Ratio 21.369% rose 0.3%. It delivered 36,700 smart electric vehicles in July, setting a new record.SINOPEC CORP (00386.HK) -0.020 (-0.462%) Short selling $320.01M; Ratio 16.943% opened sinking 2.4% at HKD4.49. It estimated its interim net profit to fall 39.5-43.7% YoY.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)Related NewsBofAS: SINOPEC CORP (00386.HK) 1H25 Operating Data Below Forecasts; TP $4.8