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<H Shrs>HSI Opens 136 Pts Lower, but CNOOC Rebounds 1%; Techs Feeble
Hong Kong stocks softened at open this morning (9th). The HSI opened 136 points or 0.5% lower at 25,756. The HSCEI opened 53 points or 0.6% lower at 8,623. The HSTECH opened 54 poi...
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<H Shrs>HSI Opens 136 Pts Lower, but CNOOC Rebounds 1%; Techs Feeble
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Hong Kong stocks softened at open this morning (9th). The HSI opened 136 points or 0.5% lower at 25,756. The HSCEI opened 53 points or 0.6% lower at 8,623. The HSTECH opened 54 points or 1.1% lower at 4,868.

WTI crude oil posted its largest single-day drop since the COVID-19 pandemic in 2020 on Wednesday, but reports indicate that the Strait of Hormuz remains blocked now. CNOOC (00883.HK)  +0.120 (+0.452%)    Short selling $377.71M; Ratio 15.472%   rebounded 1.3% this morning, making it the best-performing blue chip. PETROCHINA (00857.HK)  +0.170 (+1.574%)    Short selling $326.28M; Ratio 30.995%   opened flat at $10.56, while SINOPEC CORP (00386.HK)  +0.040 (+0.864%)    Short selling $196.56M; Ratio 29.878%   ebbed 0.4%. Gold miners ZIJIN MINING (02899.HK)  +0.120 (+0.329%)    Short selling $412.19M; Ratio 30.959%   , LINGBAO GOLD (03330.HK)  -0.300 (-1.083%)    Short selling $75.01M; Ratio 21.306%   and CHINAGOLDINTL (02099.HK)  +6.000 (+3.501%)    Short selling $32.48M; Ratio 15.320%   shed 1.8% to -2.8%.

Related News Haitong International Initiates Coverage on PETROCHINA (00857.HK) with Outperform, TP HKD13.6
It is reported that BABA-W (09988.HK)  -2.300 (-1.833%)    Short selling $1.14B; Ratio 18.057%   established a new Group Technology Committee, upgraded its Tongyi Large Model Business Unit, and accelerated AI development. However, its share price cascaded 2.7%, making it the worst-performing blue chip.

Other techs also weakened, with TENCENT (00700.HK)  -14.500 (-2.874%)    Short selling $927.82M; Ratio 8.927%   sliding 0.3%. KUAISHOU-W (01024.HK)  -0.600 (-1.329%)    Short selling $272.64M; Ratio 25.179%   waned 2.5%, while MEITUAN-W (03690.HK)  -1.150 (-1.313%)    Short selling $467.08M; Ratio 22.919%   lost 1.4%. JD-SW (09618.HK)  +0.900 (+0.808%)    Short selling $260.39M; Ratio 34.969%   faded 1.7%. For chip stocks, HUA HONG SEMI (01347.HK)  -2.900 (-3.152%)    Short selling $187.59M; Ratio 16.698%   shrank 2.2%, while AI stock KNOWLEDGE ATLAS (02513.HK)  +21.500 (+2.297%)    Short selling $42.19M; Ratio 2.947%   mounted 3.3%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-13 16:25.)

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