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<H Shrs>HSI Starts 28 Pts Lower; NIO-SW Shoots Up ~9%; SINOPEC CORP Heads South
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) op...
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<H Shrs>HSI Starts 28 Pts Lower; NIO-SW Shoots Up ~9%; SINOPEC CORP Heads South
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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)  +1.200 (+1.037%)    Short selling $662.20M; Ratio 7.482%   opened rallying 1.8% at HKD117.8, TENCENT (00700.HK)  -15.000 (-2.727%)    Short selling $1.95B; Ratio 16.927%   inched 0.3% higher to HKD551.5. MEITUAN-W (03690.HK)  +0.600 (+0.493%)    Short selling $1.89B; Ratio 27.601%   and NTES-S (09999.HK)  -3.000 (-1.468%)    Short selling $191.14M; Ratio 18.969%   edged down 0.4% and 1.5%, respectively. JD-SW (09618.HK)  -0.200 (-0.163%)    Short selling $256.67M; Ratio 14.094%   remained flat at HKD122.9. BILIBILI-W (09626.HK)  -5.300 (-2.953%)    Short selling $189.58M; Ratio 16.248%   added 0.4%. BIDU-SW (09888.HK)  +0.900 (+1.064%)    Short selling $187.60M; Ratio 24.670%   and KUAISHOU-W (01024.HK)  -2.400 (-3.117%)    Short selling $587.92M; Ratio 14.457%   gained 1% and 1.3%. SMIC (00981.HK)  -1.050 (-2.055%)    Short selling $241.57M; Ratio 7.234%   stayed flat at HKD51.1. KINGDEE INT'L (00268.HK)  -0.320 (-1.749%)    Short selling $197.20M; Ratio 24.455%   rallied 2.3%.

Related NewsG Sachs: LI AUTO-W (02015.HK) i8 Pricing in Line; Monthly Sales Estimated to Be 6K Units
Car maker NIO-SW (09866.HK)  +3.000 (+8.621%)    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)  -0.020 (-0.113%)    Short selling $165.95M; Ratio 19.328%   and XIAOMI-W (01810.HK)  +0.250 (+0.470%)    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)  +0.800 (+0.693%)    Short selling $620.96M; Ratio 13.748%   and LI AUTO-W (02015.HK)  -3.300 (-3.179%)    Short selling $753.94M; Ratio 29.187%   also lost 1.1% and 1.5%. In contrast, XPENG-W (09868.HK)  -0.300 (-0.419%)    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)  -0.270 (-5.870%)    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 NewsCiti Cuts SINOPEC CORP TP to $5.2, Continues to Prefer PETROCHINA as Top Pick

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