Hong Kong bourse opened lower this morning (10th), with the HSI plunging 228 points at the open and slipping as much as 391 points to bottom at 26,360 in early trading. The index later pared losses, and last traded at 26,501, down 250 points or approximately 0.9%, with a turnover of HKD132.03 billion.

Heavyweight techs dampened the market, with BIDU-SW (09888.HK)  0.000 (0.000%)    Short selling $1.04B; Ratio 35.061%   down over 4%; BABA-W (09988.HK)  0.000 (0.000%)    Short selling $3.21B; Ratio 10.306%   , KUAISHOU-W (01024.HK)  0.000 (0.000%)    Short selling $554.25M; Ratio 14.224%   , and XIAOMI-W (01810.HK)  0.000 (0.000%)    Short selling $1.74B; Ratio 19.850%   down 2.3-2.5%; and TENCENT (00700.HK)  0.000 (0.000%)    Short selling $1.61B; Ratio 12.299%   and JD-SW (09618.HK)  0.000 (0.000%)    Short selling $264.01M; Ratio 14.111%   down 1.6-1.9%. MEITUAN-W (03690.HK)  0.000 (0.000%)    Short selling $570.03M; Ratio 11.668%   saw a slimmer decline of 0.7%.

Related NewsDiDi: Avg. Daily Ride-Hailing Demand Swells 14% YoY During National Day & Mid-Autumn Holidays
Chips faced pressure, with SMIC (00981.HK)  0.000 (0.000%)    Short selling $423.55M; Ratio 2.641%   trading at HKD79.95, down 4.25%, on a turnover of HKD7.881 billion. HUA HONG SEMI (01347.HK)  0.000 (0.000%)    Short selling $328.52M; Ratio 5.184%   plummeted 4.05% to HKD81.75, with a turnover of HKD3.513 billion. Mainland AI chip giant CAMBRICON (688256.SH)  0.000 (0.000%)   shed 3.2% to RMB1,290.2.

Automotive battery and related materials stocks skydived. CATL (03750.HK)  0.000 (0.000%)    Short selling $187.03M; Ratio 6.787%   last traded at HKD548.5, down 6.24%, with a turnover of HKD1.258 billion. CALB (03931.HK)  0.000 (0.000%)    Short selling $30.01M; Ratio 4.164%   fell off 7.43% to HKD32.64, with a turnover of HKD254 million. GANFENGLITHIUM (01772.HK)  0.000 (0.000%)    Short selling $115.74M; Ratio 5.479%   cratered 6.05% to HKD47.96, with a turnover of HKD947 million, while TIANQI LITHIUM (09696.HK)  0.000 (0.000%)    Short selling $22.66M; Ratio 5.395%   subsided 5.02% to HKD46.16, with a turnover of HKD162 million.

Standing in contrast, the “big three” new consumption stocks bucked the local market trend. MIXUE GROUP (02097.HK)  0.000 (0.000%)    Short selling $17.72M; Ratio 1.903%   shot up 6.48% to HKD427.2, with a turnover of HKD535 million. POP MART (09992.HK)  0.000 (0.000%)    Short selling $1.29B; Ratio 25.007%   rallied 4.57% to HKD274.4, with a turnover of HKD2.076 billion. LAOPU GOLD (06181.HK)  0.000 (0.000%)    Short selling $86.24M; Ratio 10.378%   mounted 3.01% to HKD718, with a turnover of HKD350 million.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-10-10 16:25.) (A Shares quote is delayed for at least 15 mins.)

Related NewsMOC Firmly Opposes US Adding CN Entities to Export Control List