The Nasdaq Golden Dragon China Index sagged over 2% overnight (7th), with Alibaba and Baidu ADRs plunging 3% and 4%, respectively, leading to a lower opening for Hong Kong bourse. The HSI opened 57 points or 0.2% lower at 26,900; the HSCEI opened 9 points or 0.1% lower at 9,564; and the HSTECH opened 6 points or 0.1% lower at 6,543.In the tech sector, BABA-W (09988.HK) +3.200 (+1.977%) Short selling $2.69B; Ratio 14.573% and BIDU-SW (09888.HK) +0.400 (+0.342%) Short selling $536.76M; Ratio 41.955% opened 1.3% and 1.7% lower. TENCENT (00700.HK) +3.000 (+0.478%) Short selling $1.71B; Ratio 18.985% opened 0.4% higher at HKD680. NTES-S (09999.HK) +4.800 (+2.039%) Short selling $437.85M; Ratio 30.627% opened 0.9% higher. MEITUAN-W (03690.HK) -0.150 (-0.155%) Short selling $523.76M; Ratio 13.646% , JD-SW (09618.HK) +0.800 (+0.626%) Short selling $352.87M; Ratio 28.463% , KUAISHOU-W (01024.HK) +1.450 (+1.957%) Short selling $514.71M; Ratio 24.481% , and BILIBILI-W (09626.HK) +18.600 (+8.883%) Short selling $665.89M; Ratio 28.174% opened 0.5-0.7% lower. XIAOMI-W (01810.HK) -0.680 (-1.443%) Short selling $1.32B; Ratio 17.025% Chairman Lei Jun remarked that the debut sales of the Xiaomi 17 series beat, with XIAOMI-W opening flat at HKD53.85. Besides, JD HEALTH (06618.HK) +1.100 (+1.742%) Short selling $109.06M; Ratio 29.042% opened 3.3% higher. Chip equipment stock ASMPT (00522.HK) -1.200 (-1.379%) Short selling $38.52M; Ratio 16.461% opened 3.6% higher, while chip makers SMIC (00981.HK) +2.250 (+3.134%) Short selling $1.18B; Ratio 12.907% and HUA HONG SEMI (01347.HK) -0.200 (-0.257%) Short selling $403.32M; Ratio 9.306% opened 0.1% and 0.7% lower.The China Association of Automobile Manufacturers (CAAM) indicated that the intensity of price cuts and promotions by auto manufacturers waned, and it was projected that sales this quarter will climb by 5-10% YoY. Automakers BYD COMPANY-100 (01211.HK) -0.900 (-0.859%) Short selling $485.65M; Ratio 19.905% opened flat at HKD108.1, while LI AUTO-W (02015.HK) +0.250 (+0.289%) Short selling $221.58M; Ratio 22.012% and NIO-SW (09866.HK) +1.450 (+2.778%) Short selling $170.82M; Ratio 41.446% opened 0.5% and 1.4% lower, and XPENG-W (09868.HK) +3.050 (+3.749%) Short selling $179.16M; Ratio 12.600% opened 2.1% higher. Property sales in Shanghai, Guangzhou, and Shenzhen reportedly spiked during the National Day/ Mid-Autumn Festival holidays, with Chinese property developer CHINA OVERSEAS (00688.HK) 0.000 (0.000%) Short selling $27.99M; Ratio 13.714% opening flat at HKD13.96, LONGFOR GROUP (00960.HK) +0.150 (+1.466%) Short selling $16.96M; Ratio 14.306% opening 8.4% lower, and CHINA RES LAND (01109.HK) +0.300 (+1.012%) Short selling $50.94M; Ratio 14.746% opening 1% higher.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-10-21 16:25.)