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<H Shrs>HSI Closes Down 223 Pts as BABA/ XIAOMI Subtract; LI NING & CATL Rally 8%+
Hong Kong stocks weakened, dragged down by declines in BABA-W (09988.HK) and XIAOMI-W (01810.HK). The HSI slid 223 points or 0.9% to close at 25,277. The HSCEI lost 121 points or 1...
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<H Shrs>HSI Closes Down 223 Pts as BABA/ XIAOMI Subtract; LI NING & CATL Rally 8%+
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Hong Kong stocks weakened, dragged down by declines in BABA-W (09988.HK)  -4.200 (-3.423%)    Short selling $1.80B; Ratio 62.850%   and XIAOMI-W (01810.HK)  -1.140 (-3.560%)    Short selling $2.65B; Ratio 81.394%   . The HSI slid 223 points or 0.9% to close at 25,277. The HSCEI lost 121 points or 1.4% to close at 8,574. The HSTECH shrank 123 points or 2.5% to close at 4,872. The FTSE index underwent a constituent stock change after the market closed, with total market turnover for the day reaching $342.518 billion.

BABA-W (09988.HK)  -4.200 (-3.423%)    Short selling $1.80B; Ratio 62.850%   charted a 67% slump in non-GAAP net profit for 3FQ, way worse than forecast, denting its share price by 6.3%. XIAOMI-W (01810.HK)  -1.140 (-3.560%)    Short selling $2.65B; Ratio 81.394%   announced that the price of its new generation SU7 was reduced by RMB6,000 to RMB10,000 from the pre-sale price, and declared an investment of over RMB60 billion in AI over the next three years. XIAOMI-W’s stock price descended 8.6% to close at $33.2.

For other techs, TENCENT (00700.HK)  -7.400 (-1.490%)    Short selling $1.08B; Ratio 47.391%   slipped 1% to $508, while MEITUAN-W (03690.HK)  -1.700 (-2.074%)    Short selling $939.39M; Ratio 62.972%   , JD-SW (09618.HK)  -1.000 (-0.886%)    Short selling $333.77M; Ratio 174.780%   and BIDU-SW (09888.HK)  -0.800 (-0.730%)    Short selling $180.79M; Ratio 150.451%   waned 1.9%. KUAISHOU-W (01024.HK)  -1.300 (-2.814%)    Short selling $218.76M; Ratio 44.692%   sagged 2.8%, while NTES-S (09999.HK)  -1.300 (-0.738%)    Short selling $244.93M; Ratio 79.905%   and BILIBILI-W (09626.HK)  -4.100 (-2.245%)    Short selling $91.44M; Ratio 46.716%   dropped 0.5% and 1.1%. MEITU (01357.HK)  -0.090 (-2.041%)    Short selling $48.49M; Ratio 120.924%   and KINGSOFT CLOUD (03896.HK)  -0.280 (-3.784%)    Short selling $46.19M; Ratio 21.991%   stumbled 5.3% and 7.3%, while CHINA LIT (00772.HK)  -0.500 (-1.901%)    Short selling $25.07M; Ratio 132.373%   and KINGSOFT (03888.HK)  -0.600 (-2.588%)    Short selling $51.40M; Ratio 80.075%   shrank 4.6% and 3.3%.

Market rumors suggest Elon Musk’s team is making large-scale procurement of domestic photovoltaic equipment, sparking a speculation in energy storage and green energy concept stocks. CATL (03750.HK)  -5.000 (-0.791%)    Short selling $249.40M; Ratio 56.628%   and CALB (03931.HK)  +0.580 (+1.789%)    Short selling $9.61M; Ratio 10.202%   shot up 8.4% and 5.2%, while FIT HON TENG (06088.HK)  -0.710 (-9.517%)    Short selling $63.87M; Ratio 39.459%   escalated 7.4%. XINYI SOLAR (00968.HK)  0.000 (0.000%)    Short selling $39.20M; Ratio 138.182%   , CGN POWER (01816.HK)  +0.050 (+1.441%)    Short selling $66.81M; Ratio 223.379%   and EB ENVIRONMENT (00257.HK)  -0.050 (-0.938%)    Short selling $3.79M; Ratio 73.481%   mounted over 3%, as EB ENVIRONMENT announced at midday that its profit increased by 16% last year. Lithium stock GANFENGLITHIUM (01772.HK)  +3.250 (+4.653%)    Short selling $62.21M; Ratio 13.380%   advanced 5.1%.

CKH HOLDINGS (00001.HK)  -0.200 (-0.328%)    Short selling $87.15M; Ratio 77.947%   reported a 7% YoY increase in underlying profit last year, with its final DPS raised to $1.602, boosting its share price by 0.6%. CK ASSET (01113.HK)  -0.220 (-0.483%)    Short selling $30.71M; Ratio 80.323%   marked a 21% drop in full-year net profit, with a final DPS of $1.39, and the stock faded 1.2%. LI NING (02331.HK)  0.000 (0.000%)    Short selling $167.05M; Ratio 173.206%   logged a 3% decline in net profit last year, beating market consensus, with the stock hyping up 8.6% to $21.44. CHINA UNICOM (00762.HK)  -0.040 (-0.562%)    Short selling $28.82M; Ratio 173.964%   's full-year net profit rose 1%, while its final DPS fell to RMB13.29 cents, and its stock price cratered 3.3% to $7.29.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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