The HSI concluded the midday at 25,587, down 306 points or 1.2%. The HSCEI fell 64 points or 0.7% to 8,590. The HSTECH declined 47 points or 1% to 4,812. Half-day turnover totaled HKD115.341 billion.

Oil stocks PETROCHINA (00857.HK)  +0.230 (+2.072%)    Short selling $530.20M; Ratio 28.319%   and CNOOC (00883.HK)  +0.240 (+0.868%)    Short selling $477.93M; Ratio 19.335%   rose 1.7% and 1.1%. Energy transportation stock COSCO SHIP ENGY (01138.HK)  -0.050 (-0.276%)    Short selling $14.60M; Ratio 4.756%   plunged 5.8%. Airline CHINA EAST AIR (00670.HK)  +0.020 (+0.500%)    Short selling $20.04M; Ratio 29.099%   plummeted 3.8%. CATHAY PAC AIR (00293.HK)  +0.030 (+0.255%)    Short selling $29.54M; Ratio 19.139%   dropped 3.1% after announcing flight cuts to cope with high oil prices. Casino stocks were also squeezed, with GALAXY ENT (00027.HK)  -0.600 (-1.776%)    Short selling $212.51M; Ratio 22.005%   and MELCO INT'L DEV (00200.HK)  -0.140 (-3.271%)    Short selling $3.24M; Ratio 17.074%   slipping 3.3% and 4.8%.

Related NewsLoan Prime Rate 1Y for April 2026 in China is 3.00%, unchanged from its last period. The forecast was 3.0%.
The People's Daily reported that Chinese automobile production and sales surged 74.4% and 60.6% MoM in March. Looking ahead to 2Q26, the effects of policies such as the "Two New" initiatives will continue to be unleashed. The Beijing Auto Show will kick off a wave of new product launches, lifting market sentiment and auto consumption. Electric car makers BYD COMPANY (01211.HK)  -2.300 (-2.222%)    Short selling $1.11B; Ratio 37.051%   and NIO-SW (09866.HK)  -1.720 (-3.379%)    Short selling $168.18M; Ratio 42.313%   leaped 5.6% and 6.6%. William Li, NIO-SW's founder, expressed confidence in achieving a 40-50% increase in full-year deliveries. XIAOMI-W (01810.HK)  +0.020 (+0.064%)    Short selling $773.07M; Ratio 32.185%   eroded 1.4%.

HSBC and a joint venture led by Standard Chartered were among the first to receive stablecoin issuer licenses from the Hong Kong Monetary Authority. HSBC HOLDINGS (00005.HK)  -1.100 (-0.780%)    Short selling $325.57M; Ratio 30.466%   and STANCHART (02888.HK)  -3.500 (-1.877%)    Short selling $3.97M; Ratio 2.545%   lost 1.6% and 3%. Other stablecoin-concept stocks were also under pressure. GUOTAI JUNAN I (01788.HK)  -0.020 (-0.791%)    Short selling $1.75M; Ratio 1.545%   dived 12%. ZA ONLINE (06060.HK)  -0.180 (-1.455%)    Short selling $12.33M; Ratio 13.415%   and HASHKEY HLDGS (03887.HK)  -0.140 (-3.294%)   cratered 7.4% and 9.6%. Among other financial stocks, HKEX (00388.HK)  -0.600 (-0.146%)    Short selling $185.95M; Ratio 15.181%   and AIA (01299.HK)  -0.100 (-0.122%)    Short selling $442.24M; Ratio 21.911%   slid 1.5% and 2.5%, while PICC GROUP (01339.HK)  -0.010 (-0.187%)    Short selling $28.22M; Ratio 16.858%   faded 3%.

As for other tech giants, TENCENT (00700.HK)  -1.800 (-0.363%)    Short selling $1.48B; Ratio 16.230%   , NTES-S (09999.HK)  -1.500 (-0.870%)    Short selling $165.35M; Ratio 16.491%   , and BIDU-SW (09888.HK)  +0.900 (+0.747%)    Short selling $477.94M; Ratio 42.915%   shed 2.5-2.8%. BABA-W (09988.HK)  +1.400 (+1.074%)    Short selling $1.39B; Ratio 16.756%   and KUAISHOU-W (01024.HK)  -0.440 (-0.997%)    Short selling $556.88M; Ratio 34.049%   dipped 1.6%. MEITUAN-W (03690.HK)  -0.650 (-0.782%)    Short selling $990.17M; Ratio 33.280%   declined 2.1%. JD-SW (09618.HK)  -0.200 (-0.168%)    Short selling $239.19M; Ratio 35.573%   edged up 0.3%. MEITU (01357.HK)  -0.070 (-1.609%)    Short selling $16.94M; Ratio 11.706%   , CHINA LIT (00772.HK)  -0.280 (-1.071%)    Short selling $21.99M; Ratio 28.042%   , and WEIMOB INC (02013.HK)  -0.010 (-0.671%)    Short selling $1.15M; Ratio 2.784%   slumped 4.1-4.9%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-24 16:25.)

Related NewsLuckin Coffee (LKNCY.US) to Launch Bottled Ready-to-Drink Coffee in Late Apr Priced at RMB6-7, Lower Than Starbucks

AASTOCKS Financial News