USD/CNH once fell below the 7.13 mark today, and bottomed at an over-1-month low of 7.1342. It last printed at 7.1271, down 335 bps or nearly 0.5%. USD/CNY once dropped below the 7.12 mark to a low of 7.1223, and last printed at 7.1165, down 265 bps or nearly 0.4%.The HSI once shed 833 points to a low of 20,259 after midday, and last cratered 822 points or 3.9% to 20,270, with a turnover of $191.443 billion. The HSTECH's decline widened to 4.4% and stood at 4,460.Related NewsCiti Foresees MEITUAN-W 3Q Non-GAAP NP RMB13.8B Beats ConsensusOnly 4 of the 82 constituents of the HSI rose. Chinese consumers were under significant pressure. CR BEVERAGE (02460.HK) -0.060 (-0.398%) started its IPO today, while its same series CHINA RES BEER (00291.HK) +0.550 (+1.868%) Short selling $33.47M; Ratio 18.357% plunged 12.4% to $29.6, with a turnover of $1.056 billion. MENGNIU DAIRY (02319.HK) +0.440 (+2.716%) Short selling $43.75M; Ratio 14.971% eroded 7.92% to $16.04, with a turnover of $594 million. NONGFU SPRING (09633.HK) +0.300 (+1.029%) Short selling $99.07M; Ratio 40.098% last printed at $30.2, down 5.2%, while LI NING (02331.HK) +0.380 (+2.452%) Short selling $64.26M; Ratio 12.913% , BUD APAC (01876.HK) -0.080 (-0.958%) Short selling $27.67M; Ratio 21.130% and HAIDILAO (06862.HK) +0.160 (+1.043%) Short selling $17.51M; Ratio 13.094% receded about 5-6%.Heavy-weighting techs dented the market, with MEITUAN-W (03690.HK) -2.100 (-1.123%) Short selling $436.89M; Ratio 9.462% last dipping 7.35% to $170.1, with a turnover of $9.353 billion. BABA-W (09988.HK) +1.200 (+1.275%) Short selling $738.88M; Ratio 14.411% , TENCENT (00700.HK) -1.000 (-0.237%) Short selling $415.57M; Ratio 8.241% , BIDU-SW (09888.HK) +0.300 (+0.346%) Short selling $50.79M; Ratio 11.102% , JD-SW (09618.HK) +2.000 (+1.297%) Short selling $204.80M; Ratio 16.695% and TRIP.COM-S (09961.HK) +2.400 (+0.499%) Short selling $130.34M; Ratio 21.376% also cascaded 4.5-6.7%.Local heavy-weighting financials decreased, with HSBC HOLDINGS (00005.HK) +0.100 (+0.145%) Short selling $57.38M; Ratio 12.052% sliding 0.9%. AIA (01299.HK) +0.950 (+1.535%) Short selling $248.35M; Ratio 12.434% lost 3.8%, while HKEX (00388.HK) +1.200 (+0.385%) Short selling $53.32M; Ratio 3.217% descended 5.3% to $305.6, with a turnover of $5.344 billion. BOC HONG KONG (02388.HK) 0.000 (0.000%) Short selling $13.01M; Ratio 10.359% also faded 1.6%. Related NewsMacquarie: Probability of CN Restriction on Polysilicon Production Based on Energy Efficiency Very SlimHeavy-weighting Chinese banks softened. BANK OF CHINA (03988.HK) -0.010 (-0.264%) Short selling $122.07M; Ratio 21.778% , CCB (00939.HK) -0.060 (-0.976%) Short selling $330.61M; Ratio 22.705% and ICBC (01398.HK) -0.030 (-0.629%) Short selling $209.29M; Ratio 22.523% waned 1.5-2%, while CM BANK (03968.HK) -0.050 (-0.126%) Short selling $34.36M; Ratio 15.179% last printed at $38.95, down 4.4%, with turnover of $755 million. CHINA LIFE (02628.HK) 0.000 (0.000%) Short selling $81.20M; Ratio 12.572% and PING AN (02318.HK) +0.150 (+0.307%) Short selling $203.48M; Ratio 15.030% also tumbled over 5%.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-10-25 16:25.)