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<H Shrs>HSI Opens Down 163 Pts; BABA-W Slumps 6%+; LI NING Surges ~8% on Forecast-Beating Results
The HSI opened 163 points or 0.6% lower at 25,337. The HSCEI dropped 71 points or 0.8% to 8,624. The HSTECH fell 48 points or nearly 1% to 4,948.BABA-W (09988.HK) opened down 6.4% ...
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<H Shrs>HSI Opens Down 163 Pts; BABA-W Slumps 6%+; LI NING Surges ~8% on Forecast-Beating Results
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The HSI opened 163 points or 0.6% lower at 25,337. The HSCEI dropped 71 points or 0.8% to 8,624. The HSTECH fell 48 points or nearly 1% to 4,948.

BABA-W (09988.HK)  -4.200 (-3.423%)    Short selling $1.80B; Ratio 62.850%   opened down 6.4% at HKD123.5. Its 3FQ non-GAAP net profit sank 67%, far below expectations. XIAOMI-W (01810.HK)  -1.140 (-3.560%)    Short selling $2.65B; Ratio 81.394%   also ebbed 2.3% to HKD35.5, despite the launch of the new-generation Xiaomi SU7, the beginning of the closed testing of China's first "OpenClaw lobster" for mobile devices, and the announcement about an AI investment of more than RMB60 billion within three years.

DELTON (01989.HK)  -3.450 (-3.356%)   opened at HKD95.05 on its debut, 32.2% higher than its listing price of HKD71.88. The Shenzhen Stock Exchange (SZSE) announced the addition of this stock to the Southbound Stock Connect list, effective today.

LI NING (02331.HK)  0.000 (0.000%)    Short selling $167.05M; Ratio 173.206%   opened rallying 7.8% at HKD21.3. Its 2025 net profit receded 3%, but it still beat market expectations. CHINA UNICOM (00762.HK)  -0.040 (-0.562%)    Short selling $28.82M; Ratio 173.964%   edged down 0.5% to HKD7.5. It reported a 1% increase in annual net profit, but the final dividend decreased to RMB13.29 cents. MGM CHINA (02282.HK)  -0.180 (-1.587%)    Short selling $10.17M; Ratio 112.435%   remained flat at HKD12.01. Its annual net profit rose 10%, with the final dividend raised to HKD35.3 cents.

Among tech stocks, TENCENT (00700.HK)  -7.400 (-1.490%)    Short selling $1.08B; Ratio 47.391%   opened 1.6% lower at HKD505. MEITUAN-W (03690.HK)  -1.700 (-2.074%)    Short selling $939.39M; Ratio 62.972%   gained 1.1% to HKD81.55. KUAISHOU-W (01024.HK)  -1.300 (-2.814%)    Short selling $218.76M; Ratio 44.692%   inched 0.2% lower. BIDU-SW (09888.HK)  -0.800 (-0.730%)    Short selling $180.79M; Ratio 150.451%   and BILIBILI-W (09626.HK)  -4.100 (-2.245%)    Short selling $91.44M; Ratio 46.716%   dipped 0.8% and 1.1%. NTES-S (09999.HK)  -1.300 (-0.738%)    Short selling $244.93M; Ratio 79.905%   and JD-SW (09618.HK)  -1.000 (-0.886%)    Short selling $333.77M; Ratio 174.780%   slumped 2% and 2.1%. Chip stock SMIC (00981.HK)  -1.850 (-3.500%)    Short selling $598.61M; Ratio 79.112%   was unchanged at HKD59.75, while its peer HUA HONG SEMI (01347.HK)  -4.300 (-5.140%)    Short selling $251.62M; Ratio 52.021%   added 0.8%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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