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<H Shrs>HSI Ends Down 140 Pts; BABA-W Slips 2.8%; CNOOC Leaps 2%+
The HSI crossed the finish line at 25,752, down 140 points or 0.5%. The HSCEI fell 65 pts or 0.8% to close at 8,611. The HSTECH dropped 101 points or 2.1%, closing at 4,821. Total ...
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<H Shrs>HSI Ends Down 140 Pts; BABA-W Slips 2.8%; CNOOC Leaps 2%+
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The HSI crossed the finish line at 25,752, down 140 points or 0.5%. The HSCEI fell 65 pts or 0.8% to close at 8,611. The HSTECH dropped 101 points or 2.1%, closing at 4,821. Total market turnover for the day amounted to HKD244.977 billion.

US President Donald Trump stressed that all US naval vessels, aircraft, military personnel, and equipment will remain around Iran until a real agreement is reached and fully implemented. If the agreement fails to be honored, he warned that the scale and intensity of military action would far exceed previous operations. Some reports also said the Strait of Hormuz is still under blockade.

Related NewsVehicle Sales YoY for March in China is -0.6%, higher than the previous value of -15.4%.
Amid international oil price surges, CNOOC (00883.HK)  -0.140 (-0.525%)    Short selling $252.26M; Ratio 11.651%   and PETROCHINA (00857.HK)  +0.030 (+0.279%)    Short selling $292.26M; Ratio 35.198%   leaped 2.1% and nearly 2%, while SINOPEC CORP (00386.HK)  0.000 (0.000%)    Short selling $140.10M; Ratio 24.187%   receded 1.9%.

BABA-W (09988.HK)  +2.600 (+2.116%)    Short selling $1.33B; Ratio 13.415%   dived 2.8%. It has reportedly established a new Group Technology Committee and upgraded its Tongyi large model division. It is also said that Unitree Robotics is brewing an overseas strategic partnership with BABA-W, with its latest robot R1 appearing at Alibaba Xixi Campus.

TENCENT (00700.HK)  -4.000 (-0.787%)    Short selling $1.57B; Ratio 15.020%   edged up less than 0.1% to close at HKD508.5. Tencent Cloud is set to raise prices of AI computing power, container services, and EMR-related products on May 9. LENOVO GROUP (00992.HK)  +0.230 (+2.328%)    Short selling $281.40M; Ratio 32.493%   and SENSETIME-W (00020.HK)  +0.020 (+1.005%)    Short selling $147.50M; Ratio 20.315%   lost 2.4% and nearly 2%. MEITUAN-W (03690.HK)  -0.400 (-0.455%)    Short selling $714.47M; Ratio 25.508%   , JD-SW (09618.HK)  -0.300 (-0.269%)    Short selling $251.19M; Ratio 36.730%   , NTES-S (09999.HK)  +1.400 (+0.791%)    Short selling $110.29M; Ratio 16.140%   , BILIBILI-W (09626.HK)  -2.400 (-1.287%)    Short selling $65.76M; Ratio 10.218%   , and BIDU-SW (09888.HK)  -1.000 (-0.912%)    Short selling $666.15M; Ratio 44.337%   slipped 0.2-1.8%. KUAISHOU-W (01024.HK)  +0.120 (+0.267%)    Short selling $331.50M; Ratio 15.997%   plunged 3.6% after S&P said its free cash flow may more than halve this year and its capital expenditure may surge 70%.

Related NewsChina's Operating Nuclear Power Units Expected to Reach 70 by Year-end, Units Under Construction Account for Over Half of Global Total
Chip stocks HUA HONG SEMI (01347.HK)  +1.200 (+1.322%)    Short selling $224.31M; Ratio 10.741%   and SMIC (00981.HK)  +2.550 (+4.578%)    Short selling $816.31M; Ratio 13.363%   dipped 0.2% and 0.8%. AI stocks were hyped up. KNOWLEDGE ATLAS (02513.HK)  +6.500 (+0.699%)    Short selling $41.02M; Ratio 3.320%   jumped 7%. MINIMAX-W (00100.HK)  0.000 (0.000%)    Short selling $57.28M; Ratio 5.384%   slid 0.1% after releasing an AI Agent command-line tool named MMX-CLI. XUNCE (03317.HK)  +22.000 (+7.639%)   soared 23.9%, with a turnover of HKD2.811 billion.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-10 16:25.)

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