Hong Kong stocks had a rough start in June. The HSI opened 246 points lower this morning before its decline significantly widened in the morning session, falling below the 23,000 mark. The index once dropped 609 points to a low of 22,679, and last shed 519 points or 2.2% to 22,770, with a turnover of $64.12 billion. The HSCEI last printed at 8,220, down 211 points or 2.5%. The HSTECH once faded 3.1%, and last cascaded 136 points or 2.6% to 5,033.

Chinese developers led the market decline, with CHINA RES LAND (01109.HK)  +0.900 (+3.557%)    Short selling $101.30M; Ratio 10.820%   and CHINA OVERSEAS (00688.HK)  +0.220 (+1.692%)    Short selling $102.32M; Ratio 37.993%   slumping 4.1-4.2%. LONGFOR GROUP (00960.HK)  +0.090 (+0.937%)    Short selling $50.11M; Ratio 41.792%   eroded 6.3% to $9.21, the worst performing blue chip.

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Chinese banks saw significant declines, with CM BANK (03968.HK)  +0.600 (+1.202%)    Short selling $135.25M; Ratio 26.976%   sagging 3.5%. CCB (00939.HK)  +0.080 (+1.108%)    Short selling $256.79M; Ratio 12.162%   lost 3.1%, while BANK OF CHINA (03988.HK)  +0.020 (+0.436%)    Short selling $286.66M; Ratio 17.175%   and ICBC (01398.HK)  +0.080 (+1.375%)    Short selling $161.13M; Ratio 10.708%   slipped about 2.6%. Other heavy-weighting financials were under pressure. HSBC HOLDINGS (00005.HK)  -0.100 (-0.107%)    Short selling $116.22M; Ratio 12.585%   and AIA (01299.HK)  +0.800 (+1.211%)    Short selling $309.54M; Ratio 19.997%   slid 1.1% and 1.7%, while HKEX (00388.HK)  +2.200 (+0.546%)    Short selling $386.09M; Ratio 12.625%   waned 2.3%. Moreover, CHINA LIFE (02628.HK)  +0.360 (+2.198%)    Short selling $187.10M; Ratio 15.288%   and PING AN (02318.HK)  +0.200 (+0.437%)    Short selling $669.50M; Ratio 23.053%   receded 2.9-3.4%.

Consumers generally weakened, with ANTA SPORTS (02020.HK)  +0.750 (+0.785%)    Short selling $250.23M; Ratio 41.966%   , HAIER SMARTHOME (06690.HK)  0.000 (0.000%)    Short selling $106.20M; Ratio 26.706%   and HAIDILAO (06862.HK)  +0.160 (+1.055%)    Short selling $66.30M; Ratio 23.321%   shrinking 3.3-3.7%.

Previously strong CSPC PHARMA (01093.HK)  -0.190 (-2.360%)    Short selling $314.50M; Ratio 18.300%   plummeted 4.9%. XINYI SOLAR (00968.HK)  +0.060 (+2.564%)    Short selling $25.08M; Ratio 29.481%   bottomed at $2.22, in line with the 52-week low set in early April, and last printed at $2.23, down 5.9%.

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Automakers generally declined, with LI AUTO-W (02015.HK)  +0.400 (+0.344%)    Short selling $423.57M; Ratio 25.966%   cratering 4.5%. GWMOTOR (02333.HK)  +0.140 (+1.131%)    Short selling $90.80M; Ratio 29.561%   , NIO-SW (09866.HK)  +0.550 (+1.968%)    Short selling $98.66M; Ratio 39.142%   and XPENG-W (09868.HK)  +0.800 (+1.019%)    Short selling $230.84M; Ratio 18.936%   shrank about 3% each, while BYD COMPANY (01211.HK)  +5.800 (+1.428%)    Short selling $982.12M; Ratio 20.145%   stumbled 2.7%. GEELY AUTO (00175.HK)  -0.120 (-0.659%)    Short selling $178.97M; Ratio 16.133%   slid 1.6%.

Heavy-weighting techs were weak, with MEITUAN-W (03690.HK)  +3.700 (+2.630%)    Short selling $1.84B; Ratio 22.671%   and KUAISHOU-W (01024.HK)  +2.600 (+5.010%)    Short selling $824.66M; Ratio 23.687%   tumbling 4.2%. BABA-W (09988.HK)  +3.700 (+3.229%)    Short selling $1.43B; Ratio 15.778%   plunged 2.7%, while JD-SW (09618.HK)  +1.900 (+1.476%)    Short selling $173.51M; Ratio 10.129%   and XIAOMI-W (01810.HK)  +0.800 (+1.497%)    Short selling $937.05M; Ratio 13.313%   each dropped 1.8%. TENCENT (00700.HK)  +3.000 (+0.586%)    Short selling $1.34B; Ratio 13.480%   ebbed 1.4%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-05 16:25.)