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<H Shrs>HSI Sags 347 Pts at Midday; Kuaishou Plummets 13%; Pop Mart Slips Another 9%
KUAISHOU-W (01024.HK) and POP MART (09992.HK) posted sharp declines in their share prices after announcing their results. The Hong Kong bourse opened lower and continued to fall. B...
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<H Shrs>HSI Sags 347 Pts at Midday; Kuaishou Plummets 13%; Pop Mart Slips Another 9%
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KUAISHOU-W (01024.HK)  -1.300 (-2.814%)    Short selling $218.76M; Ratio 44.692%   and POP MART (09992.HK)  -3.500 (-2.409%)    Short selling $482.43M; Ratio 41.736%   posted sharp declines in their share prices after announcing their results. The Hong Kong bourse opened lower and continued to fall. By midday, the HSI nosedived 347 points or 1.4% to 24,988. The HSCEI lost 130 points or 1.5% to 8,452. The HSTECH shed 105 points or 2.1% to 4,817. The total market turnover for the half-day was HKD136.729 billion.

KUAISHOU-W (01024.HK)  -1.300 (-2.814%)    Short selling $218.76M; Ratio 44.692%   logged a 16% hike in adjusted net profit for 4Q25, nearing the upper end of forecast. Management revealed an increase in AI investment, with market attention on challenges from the AI video model SkyReels-V4. The stock plummeted 13.4% to HKD45.96. KINGSOFT (03888.HK)  -0.600 (-2.588%)    Short selling $51.40M; Ratio 80.075%   saw a 29% rise in annual net profit, with its stock price soaring 5.6%. KINGSOFT CLOUD (03896.HK)  -0.280 (-3.784%)    Short selling $46.19M; Ratio 21.991%   reported a 2.66-fold surge in annual adjusted EBITDA, with its stock price leaping 2.3%.

Among other techs, TENCENT (00700.HK)  -7.400 (-1.490%)    Short selling $1.08B; Ratio 47.391%   dipped 0.9%. MEITUAN-W (03690.HK)  -1.700 (-2.074%)    Short selling $939.39M; Ratio 62.972%   announced its results after the market closed, with its stock ebbing 3.1%. BABA-W (09988.HK)  -4.200 (-3.423%)    Short selling $1.80B; Ratio 62.850%   fell off 3.7%, while BIDU-SW (09888.HK)  -0.800 (-0.730%)    Short selling $180.79M; Ratio 150.451%   and NTES-S (09999.HK)  -1.300 (-0.738%)    Short selling $244.93M; Ratio 79.905%   dropped 1.3% and 1.8%, respectively. JD-SW (09618.HK)  -1.000 (-0.886%)    Short selling $333.77M; Ratio 174.780%   added 1.7%. XD INC (02400.HK)  -3.400 (-5.292%)    Short selling $36.50M; Ratio 41.629%   , JD HEALTH (06618.HK)  +0.320 (+0.658%)    Short selling $77.28M; Ratio 154.143%   , ALI HEALTH (00241.HK)  -0.070 (-1.461%)    Short selling $109.33M; Ratio 72.778%   , and KINGDEE INT'L (00268.HK)  -0.120 (-1.407%)    Short selling $83.42M; Ratio 80.917%   slid over 3%, with PA GOODDOCTOR (01833.HK)  -0.320 (-2.623%)    Short selling $22.63M; Ratio 47.982%   slumping 5.3%.

Among chip stocks, SMIC (00981.HK)  -1.850 (-3.500%)    Short selling $598.61M; Ratio 79.112%   , HUA HONG SEMI (01347.HK)  -4.300 (-5.140%)    Short selling $251.62M; Ratio 52.021%   , BIREN TECH (06082.HK)  -2.100 (-6.646%)    Short selling $8.47M; Ratio 17.043%   , and ILUVATAR COREX (09903.HK)  -11.800 (-5.095%)    Short selling $23.97M; Ratio 81.175%   each cratered over 4%. AI stock KNOWLEDGE ATLAS (02513.HK)  -136.000 (-14.863%)    Short selling $37.04M; Ratio 2.591%   announced a partnership to develop multimodal model technology for the next generation of S-class sedans, with its stock slipping 7%. MINIMAX-W (00100.HK)  -110.500 (-10.425%)    Short selling $150.00M; Ratio 24.219%   plunged 5.1%, while PHANCY (06682.HK)  +0.080 (+0.214%)    Short selling $20.88M; Ratio 40.670%   shot up 5.9%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)




This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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