The HSI slid 176 points or 0.9% to close at 19,064. The HSCEI dropped 80 points or 1.2% to close at 6,898. The HSTECH lost 50 points or 1.2% to close at 4,260. The total market turnover for the day amounted to $144.698 billion. The WeChat HarmonyOS Native Edition has been officially launched. TENCENT (00700.HK) -1.600 (-0.433%) Short selling $1.14B; Ratio 15.867% ebbed 1% along with the market. TENCENT cut its stake in WEIMOB INC (02013.HK) -0.070 (-3.723%) Short selling $1.19M; Ratio 0.159% to cash out over $410 million, and sold UBTECH ROBOTICS (09880.HK) -4.150 (-8.973%) for about $1.034 billion. WEIMOB INC collapsed 40.9%, while UBTECH ROBOTICS plunged 10.1%. Taobao and Tmall intended to establish an account integrity system and optimize the “Tuihuobao” mechanism. BABA-W (09988.HK) -1.650 (-2.073%) Short selling $339.09M; Ratio 15.921% waned 1.2%. Goldman Sachs has raised its target price for NTES-S (09999.HK) +2.600 (+1.772%) Short selling $341.45M; Ratio 27.811% , lifting the company's share price by 1.4%. As the speculation in external chip stocks continued, SMIC (00981.HK) +1.800 (+5.564%) Short selling $268.74M; Ratio 8.342% climbed 2.9%.Related NewsCFLP: CN Commodity Price Index Dips to 111.2 in Dec 2024SUNAC (01918.HK) +0.170 (+13.077%) Short selling $10.91M; Ratio 1.815% drifted 25.7% lower as it received a winding up petition issued by China Cinda. Other Chinese developers were also under pressure, with CHINA VANKE (02202.HK) +0.140 (+2.979%) Short selling $22.77M; Ratio 17.941% and SINO-OCEAN GP (03377.HK) 0.000 (0.000%) cascading 4.7% and 6.2%. CIFI HOLD GP (00884.HK) +0.009 (+3.659%) Short selling $31.94K; Ratio 0.827% descended 7.2%, while R&F PROPERTIES (02777.HK) +0.080 (+6.897%) Short selling $1.21M; Ratio 5.662% , KWG GROUP (01813.HK) -0.005 (-1.563%) , SHIMAO GROUP (00813.HK) -0.020 (-2.326%) Short selling $586.18K; Ratio 4.186% and AGILE GROUP (03383.HK) +0.020 (+3.333%) eroded 8.6-9.4%. Chinese insurers PING AN (02318.HK) +0.050 (+0.122%) Short selling $296.26M; Ratio 22.966% , CPIC (02601.HK) -0.150 (-0.686%) Short selling $7.26M; Ratio 7.075% and CHINA LIFE (02628.HK) -0.140 (-1.069%) Short selling $57.36M; Ratio 14.351% also stumbled 4-4.4%.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-13 12:25.)