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<H Shrs>HSI Opens Down 102 pts; Techs Sluggish; BIDU-SW Sinks 3%+
The HSI opened down 102 points or 0.5% at 22,589; The HSCEI dipped 26 points or 0.3% to 8,216. The HSTECH fell 14 points or 0.3% to 5,185.Among tech stocks, TENCENT (00700.HK)'...
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<H Shrs>HSI Opens Down 102 pts; Techs Sluggish; BIDU-SW Sinks 3%+
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The HSI opened down 102 points or 0.5% at 22,589; The HSCEI dipped 26 points or 0.3% to 8,216. The HSTECH fell 14 points or 0.3% to 5,185.

Among tech stocks, TENCENT (00700.HK)  -3.400 (-0.683%)    Short selling $781.71M; Ratio 7.930%   's Tencent Yuanbao announced an upgrade to its text-to-image function, yet the company's stock price opened 0.6% lower at $487. BABA-W (09988.HK)  +0.900 (+0.741%)    Short selling $1.10B; Ratio 12.802%   edged down 0.4% to $120.8. MEITUAN-W (03690.HK)  -1.600 (-1.132%)    Short selling $992.90M; Ratio 17.817%   remained flat at $139. XIAOMI-W (01810.HK)  -0.150 (-0.295%)    Short selling $1.06B; Ratio 13.477%   , JD-SW (09618.HK)  -1.600 (-1.216%)    Short selling $119.49M; Ratio 6.872%   , and NTES-S (09999.HK)  -2.600 (-1.567%)    Short selling $173.25M; Ratio 20.291%   inched down 0.3-0.6%. BIDU-SW (09888.HK)  -1.150 (-1.353%)    Short selling $438.01M; Ratio 40.389%   ebbed 3.1%. BILIBILI-W (09626.HK)  -2.600 (-1.879%)    Short selling $60.92M; Ratio 21.056%   lost 1%. SMIC (00981.HK)  -3.050 (-6.755%)    Short selling $213.44M; Ratio 4.912%   stayed unchanged at $46.2.

After proposing privatizing Zeekr (ZK.US)      , GEELY AUTO (00175.HK)  +0.180 (+1.027%)    Short selling $487.20M; Ratio 20.259%   opened flat at $16.78. XPENG-W (09868.HK)  -1.900 (-2.497%)    Short selling $196.41M; Ratio 17.689%   dipped 0.4% to $74.5 amid rumors that the company plans to spin off its flying car company, XPeng AeroHT, for a listing in Hong Kong or the US. As for other car stocks, BYD COMPANY (01211.HK)  -1.000 (-0.259%)    Short selling $602.50M; Ratio 20.830%   dropped 0.6% to $382, while LI AUTO-W (02015.HK)  -3.800 (-3.588%)    Short selling $721.44M; Ratio 25.518%   and NIO-SW (09866.HK)  -0.050 (-0.166%)    Short selling $25.71M; Ratio 28.647%   grew 1.1% and 0.7%.

BUD APAC (01876.HK)  -0.010 (-0.120%)    Short selling $65.91M; Ratio 39.270%   waned 0.4% to $8.43 at open after reporting an 18.5% drop in its 1Q net profit. TSINGTAO BREW (00168.HK)  -0.300 (-0.552%)    Short selling $9.42M; Ratio 2.900%   intends to fully acquire Jimo Yellow Wine, lifting its stock price by 0.3%. LAOPU GOLD (06181.HK)  -13.000 (-1.862%)    Short selling $203.91M; Ratio 16.091%   is raising $2.7 billion through a share placement at a discount of over 8%. Its stock price remained unchanged at $685. POP MART (09992.HK)  +6.000 (+3.352%)    Short selling $290.98M; Ratio 7.858%   eroded 0.7% to $183.3 on reports suggesting that Borchid Capital has sold all its shares in the company.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-08 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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