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<H Shrs>HSI Surges 177 Pts at Midday; BABA-W, JD-SW Rally; Stablecoin Concept Stocks Rattle
The HSI settled the midday up 177 points or 0.7% at 24,676. The HSCEI rose 69 points or 0.8% to 8,922. The HSTECH grew 41 points or 0.8% to 5,490. The total market turnover for the...
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<H Shrs>HSI Surges 177 Pts at Midday; BABA-W, JD-SW Rally; Stablecoin Concept Stocks Rattle
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The HSI settled the midday up 177 points or 0.7% at 24,676. The HSCEI rose 69 points or 0.8% to 8,922. The HSTECH grew 41 points or 0.8% to 5,490. The total market turnover for the half-day was HKD136.05 billion.

Among tech stocks, JD-SW (09618.HK)  +3.700 (+2.972%)    Short selling $335.24M; Ratio 12.690%   rallied 2.5% after denying participation in a "zero-yuan purchase" food delivery war. BABA-W (09988.HK)  +3.300 (+2.933%)    Short selling $1.44B; Ratio 15.026%   and MEITUAN-W (03690.HK)  +1.800 (+1.434%)    Short selling $865.25M; Ratio 16.815%   gained 2.2% and 1.4%.

In addition, TENCENT (00700.HK)  +2.000 (+0.387%)    Short selling $814.89M; Ratio 11.366%   inched up 0.6% to HKD520. NTES-S (09999.HK)  +5.200 (+2.500%)    Short selling $385.75M; Ratio 29.816%   and NEW ORIENTAL-S (09901.HK)  +0.400 (+1.013%)    Short selling $78.45M; Ratio 30.317%   swelled 1.6% and 2%. BILIBILI-W (09626.HK)  +7.800 (+4.065%)    Short selling $315.14M; Ratio 22.423%   leaped 3.1%. KUAISHOU-W (01024.HK)  +1.550 (+2.242%)    Short selling $702.41M; Ratio 21.810%   and BIDU-SW (09888.HK)  +0.400 (+0.467%)    Short selling $305.37M; Ratio 40.810%   edged 0.5% and 0.2% higher. SMIC (00981.HK)  +0.800 (+1.728%)    Short selling $141.95M; Ratio 4.809%   dipped 0.2%.

EAST BUY (01797.HK)  +1.840 (+12.778%)    Short selling $6.98M; Ratio 0.973%   and KINGSOFT CLOUD (03896.HK)  +0.680 (+8.740%)    Short selling $47.42M; Ratio 1.420%   also rocketed 11.7% and 10.3%, while KINGDEE INT'L (00268.HK)  +1.120 (+7.273%)    Short selling $103.81M; Ratio 12.175%   and MEITU (01357.HK)  +0.580 (+5.472%)    Short selling $112.54M; Ratio 8.346%   hiked 4.9% and 4.3%.

Tesla announced its six-seat Model Y L will launch in China this fall. The market continued to anticipate the sales of NIO-SW (09866.HK)  +1.500 (+4.615%)    Short selling $174.16M; Ratio 47.848%   's Onvo L90, lifting the company's stock price by 4.3%. BYD COMPANY (01211.HK)  +2.600 (+2.100%)    Short selling $802.98M; Ratio 29.567%   and XIAOMI-W (01810.HK)  +0.850 (+1.514%)    Short selling $488.45M; Ratio 8.929%   added 0.6% and 0.2%.

GCL TECH (03800.HK)  -0.030 (-2.419%)    Short selling $148.65M; Ratio 5.440%   plans to explore RWA tokenization solutions with CPIC Investment Management, elevating its stock price by 14.5% at open. It concluded the midday up 1.6%, with a turnover of HKD2.18 billion. CPIC (02601.HK)  +1.450 (+5.160%)    Short selling $135.93M; Ratio 18.389%   also surged 5.3%.

Among other stablecoin concept stocks, HAO TIAN INTL (01341.HK)  +0.034 (+17.526%)    Short selling $5.82M; Ratio 0.203%   surged 17% at midday, with a turnover of over HKD2 billion. GUOTAI JUNAN I (01788.HK)  +0.080 (+1.256%)    Short selling $23.57M; Ratio 0.780%   lost 0.9%, with a turnover of HKD1.46 billion.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-18 16:25.)

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