The HSI lost 327 points or 1.6% to close at 19,778. The HSCEI shed 143 points or 2% to close at 7,177. The HSTECH sagged 112 points or 2.4% to close at 4,581. The total market turnover for the day amounted to $135.317 billion.NEW ORIENTAL-S (09901.HK) +1.350 (+3.699%) Short selling $18.16M; Ratio 13.765% plunged 24.2% after Morgan Stanley said its quarterly results missed, and its quarterly outlook was weaker than its full-year guidance. EAST BUY (01797.HK) +0.420 (+2.638%) Short selling $7.54M; Ratio 17.326% cascaded 2.3% after it swung profit into a loss of RMB96.8 million during the interim period. ZENGAME (02660.HK) -0.050 (-2.128%) tumbled 12.8% as it expected to make 35-45% less profit for the year.Chinese developers retreated. LONGFOR GROUP (00960.HK) -0.020 (-0.203%) Short selling $14.14M; Ratio 30.166% and SUNAC (01918.HK) -0.010 (-0.629%) Short selling $2.62M; Ratio 5.581% cratered 3.9% and 4.2%, while R&F PROPERTIES (02777.HK) -0.020 (-1.613%) Short selling $90.82K; Ratio 14.726% , SINO-OCEAN GP (03377.HK) +0.001 (+0.459%) , SEAZEN (01030.HK) -0.040 (-2.273%) Short selling $697.34K; Ratio 25.878% and CIFI HOLD GP (00884.HK) 0.000 (0.000%) Short selling $65.00K; Ratio 4.552% eroded 4.8-5.5%. AGILE GROUP (03383.HK) -0.020 (-3.125%) and KWG GROUP (01813.HK) -0.005 (-1.408%) slumped 9% and 9.2%, while COUNTRY GARDEN (02007.HK) -0.010 (-2.247%) collapsed 14.9%. Hong Kong homebuilder NEW WORLD DEV (00017.HK) -0.020 (-0.477%) Short selling $3.25M; Ratio 12.877% opened higher before weakening, and descended 6% at close as banks reportedly agreed to relax some loan terms related to debt ratio.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-28 12:25.)