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<H Shrs>HSI Drops 232 Pts at Midday; XIAOMI-W Ebbs 4%+; Some Pharmas in Demand
The HSI settled the midday down 232 points or 1% at 23,989. The HSCEI fell 108 points or 1.2% to 8,616. The HSTECH dropped 63 points or 1.2% to 5,205. The total market turnover for...
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<H Shrs>HSI Drops 232 Pts at Midday; XIAOMI-W Ebbs 4%+; Some Pharmas in Demand
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The HSI settled the midday down 232 points or 1% at 23,989. The HSCEI fell 108 points or 1.2% to 8,616. The HSTECH dropped 63 points or 1.2% to 5,205. The total market turnover for the half-day amounted to HKD130.584 billion.

XIAOMI-W (01810.HK)  -0.550 (-0.957%)    Short selling $210.60M; Ratio 8.737%   stated its auto unit will focus on domestic deliveries before considering exports in 2027, sending its stock price tumbling 4.4% to HKD57.5. XPENG-W (09868.HK)  +1.550 (+2.243%)    Short selling $336.39M; Ratio 30.539%   rose 1%. It delivered 34,600 vehicles last month, marking a 2.24-fold increase. LEAPMOTOR (09863.HK)  +2.100 (+3.697%)    Short selling $5.39M; Ratio 5.001%   and GWMOTOR (02333.HK)  +0.060 (+0.459%)    Short selling $19.49M; Ratio 16.479%   ballooned 3.5% and 2.1%, respectively. BYD COMPANY (01211.HK)  -0.500 (-0.412%)    Short selling $326.92M; Ratio 41.941%   inched up 0.7% to HKD123.1. Battery stock CATL (03750.HK)  -4.400 (-1.232%)    Short selling $81.20M; Ratio 19.488%   added 1.9%. Lithium stock GANFENGLITHIUM (01772.HK)  0.000 (0.000%)    Short selling $33.38M; Ratio 27.745%   mushroomed 5.9%.

In the tech sector, South Africa's Naspers, bearish on MEITUAN-W (03690.HK)  -2.500 (-2.070%)    Short selling $1.20B; Ratio 20.661%   's international expansion, is considering reducing its stake in the company. MEITUAN-W slipped 2.5%. BABA-W (09988.HK)  -0.200 (-0.190%)    Short selling $396.54M; Ratio 8.415%   eroded 3.6% to HKD105.5. TENCENT (00700.HK)  +3.700 (+0.745%)    Short selling $371.30M; Ratio 12.268%   and SMIC (00981.HK)  -0.050 (-0.114%)    Short selling $120.41M; Ratio 7.713%   edged down 0.5% and 0.2%, respectively. KUAISHOU-W (01024.HK)  +0.950 (+1.535%)    Short selling $285.66M; Ratio 23.528%   , JD-SW (09618.HK)  +0.500 (+0.403%)    Short selling $172.28M; Ratio 17.024%   , and BILIBILI-W (09626.HK)  +0.100 (+0.058%)    Short selling $64.77M; Ratio 16.344%   slid 1.4-1.8%.

In addition, XD INC (02400.HK)  +0.750 (+1.505%)    Short selling $9.18M; Ratio 6.395%   , ALI HEALTH (00241.HK)  -0.020 (-0.474%)    Short selling $54.53M; Ratio 18.566%   , and NEW ORIENTAL-S (09901.HK)  -0.450 (-1.114%)    Short selling $7.40M; Ratio 18.391%   cratered 3.4-3.8%, KINGSOFT (03888.HK)  -1.200 (-3.478%)    Short selling $23.70M; Ratio 6.382%   dived 7.6%. GDS-SW (09698.HK)  -1.100 (-3.411%)    Short selling $38.91M; Ratio 23.704%   spiked 6.4%.

Among pharmas, AKESO (09926.HK)  -3.400 (-2.929%)    Short selling $163.28M; Ratio 21.938%   has completed enrollment of the first participant in a Phase Ia clinical trial of its first-in-class bispecific antibody ADC drug for the treatment of advanced solid tumors, lifting its stock price by 11.3%. INNOVENT BIO (01801.HK)  -3.750 (-4.350%)    Short selling $227.74M; Ratio 22.282%   had its target price raised by Citi and CICC. Its stock price soared 6.5%. REMEGEN (09995.HK)  -4.200 (-6.195%)    Short selling $8.75M; Ratio 1.595%   also leaped 5.1%, BEIGENE (06160.HK)  -2.400 (-1.616%)    Short selling $38.67M; Ratio 18.707%   and INNOCARE (09969.HK)  -0.700 (-5.102%)    Short selling $45.94M; Ratio 39.942%   shot up over 3%. SINO BIOPHARM (01177.HK)  -0.100 (-1.786%)    Short selling $77.48M; Ratio 23.257%   gained 2.6%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-07 12:25.)

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