US President Donald Trump slapped new tariffs on China, Mexico and Canada, and CNH fell to 7.36 vs USD. Hong Kong bourse opened lower on the first trading day of the Year of the Snake. The HSI opened lower by 176 points or 0.9% at 20,048; the HSCEI opened lower by 68 points or 0.9% at 7,313; and the HSTECH opened lower by 24 points or 0.5% at 4,699.

In terms of techs, Alibaba Cloud introduced an upgraded version of "Tongyi Qianwen", claiming that it exceled DeepSeek. BABA-W (09988.HK)  +17.600 (+14.557%)    Short selling $6.54B; Ratio 14.705%   opened 4.8% higher at $92.55. TENCENT (00700.HK)  +30.200 (+6.204%)    Short selling $5.21B; Ratio 13.921%   opened 0.3% lower at $400. MEITUAN-W (03690.HK)  +6.000 (+3.824%)    Short selling $2.22B; Ratio 16.113%   opened flat at $148.2. BIDU-SW (09888.HK)  +4.000 (+4.678%)    Short selling $408.40M; Ratio 24.341%   , NTES-S (09999.HK)  +1.900 (+1.202%)    Short selling $713.82M; Ratio 29.911%   and KUAISHOU-W (01024.HK)  +4.000 (+7.353%)    Short selling $2.15B; Ratio 25.058%   opened down 1.7%-2.2%. JD-SW (09618.HK)  +7.900 (+5.140%)    Short selling $302.40M; Ratio 10.617%   and BILIBILI-W (09626.HK)  +25.500 (+16.473%)    Short selling $563.54M; Ratio 15.416%   opened down 2.9% and 5.5%. %.

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Many automakers announced their monthly sales. BYD COMPANY (01211.HK)  +17.400 (+4.640%)    Short selling $3.11B; Ratio 41.847%   's NEV sales in January climbed 49% YoY, and its share price opened 0.5% lower. NIO-SW (09866.HK)  +1.550 (+4.593%)    Short selling $90.75M; Ratio 43.895%   delivered 38% more cars in January compared to the same period last year, while GEELY AUTO (00175.HK)  +0.100 (+0.576%)    Short selling $252.38M; Ratio 11.168%   's total car sales in January mounted 25% YoY. Their share prices opened 1.3% and 2% lower, respectively. LI AUTO-W (02015.HK)  +7.500 (+7.360%)    Short selling $948.05M; Ratio 33.071%   delivered 4% fewer new cars in January YoY, and its share price opened 2.9% lower. XIAOMI-W (01810.HK)  +2.550 (+5.188%)    Short selling $1.83B; Ratio 11.605%   SU7 deliveries surpassed 20,000 units last month, and its share price opened 1.6% higher. XPENG-W (09868.HK)  +3.750 (+5.503%)    Short selling $490.99M; Ratio 32.304%   opened 1.9% lower.

Macau gaming stock SANDS CHINA LTD (01928.HK)  -0.320 (-1.829%)    Short selling $132.51M; Ratio 32.879%   saw its adjusted property EBITDA drop 13% YoY in 4Q24, and its share price opened 5.4% lower. Its peer GALAXY ENT (00027.HK)  -0.350 (-1.173%)    Short selling $90.01M; Ratio 16.977%   opened 3.8% lower. In terms of consumers, LI NING (02331.HK)  +0.140 (+0.853%)    Short selling $100.78M; Ratio 21.460%   , ANTA SPORTS (02020.HK)  +0.650 (+0.785%)    Short selling $103.15M; Ratio 14.982%   and TONGCHENGTRAVEL (00780.HK)  +0.540 (+3.013%)    Short selling $30.90M; Ratio 19.193%   opened lower by 3.4%-3.9%. HAIDILAO (06862.HK)  -0.120 (-0.764%)    Short selling $93.14M; Ratio 23.189%   opened lower by 6.2%. Pharmaceuticals WUXI APPTEC (02359.HK)  +3.850 (+5.820%)    Short selling $185.46M; Ratio 15.162%   and SINO BIOPHARM (01177.HK)  +0.050 (+1.520%)    Short selling $63.67M; Ratio 14.825%   opened 3.9% and 4.6% lower respectively.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-02-21 16:25.)