The Hong Kong stock market reversed its six-day rally with the HSI opening down 149 points this morning and breaking below the 21,000 mark in early trading. It is now at an immediate market bottom of 20,963, down 502 points or 2.3%, underperforming major regional markets on a turnover of $96.389 billion. Meanwhile, the HSTECH is now down 210 points or 4.2% at 4,770.

MEITUAN-W (03690.HK)  -7.500 (-5.495%)    Short selling $1.22B; Ratio 14.295%   opened 2.5% lower. It last printed at $136.2, down 7.2%, making it the worst-performing blue-chip stock on a turnover of $4.889 billion. Other heavyweight tech stocks were also under pressure. BABA-W (09988.HK)  +2.100 (+1.932%)    Short selling $1.64B; Ratio 24.539%   , BYD ELECTRONIC (00285.HK)  +0.900 (+2.808%)    Short selling $27.71M; Ratio 13.661%   , SUNNY OPTICAL (02382.HK)  +2.100 (+3.440%)    Short selling $74.94M; Ratio 28.494%   , LENOVO GROUP (00992.HK)  +0.140 (+1.733%)    Short selling $37.17M; Ratio 22.398%   , JD-SW (09618.HK)  -9.500 (-6.825%)    Short selling $425.71M; Ratio 20.184%   , and KUAISHOU-W (01024.HK)  -0.450 (-0.899%)    Short selling $127.56M; Ratio 16.627%   waned 4.2-5.6%. TENCENT (00700.HK)  +1.800 (+0.393%)    Short selling $575.19M; Ratio 10.101%   dipped 2.4%. XIAOMI-W (01810.HK)  +2.350 (+5.602%)    Short selling $589.78M; Ratio 9.571%   continued to drop 4.18%. It was last at $41.3, on a turnover of $4.38 billion.

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Weighted financial stocks delivered a mixed performance. AIA (01299.HK)  +0.050 (+0.092%)    Short selling $109.32M; Ratio 12.531%   edged down 0.8%. HKEX (00388.HK)  +2.000 (+0.604%)    Short selling $224.31M; Ratio 17.089%   slipped 1%. HSBC HOLDINGS (00005.HK)  +1.100 (+1.361%)    Short selling $111.53M; Ratio 17.108%   rose 1%. Among Chinese blue-chip insurers, CHINA LIFE (02628.HK)  +0.180 (+1.316%)    Short selling $46.65M; Ratio 9.166%   and PING AN (02318.HK)  +0.850 (+1.941%)    Short selling $115.94M; Ratio 12.822%   fell about 1.3%.

Car makers were squeezed. XPENG-W (09868.HK)  -0.650 (-0.884%)    Short selling $211.95M; Ratio 23.651%   slid 7%. It last traded at $73.3, down 6.98%, on a turnover of $910 million. LEAPMOTOR (09863.HK)  +1.650 (+3.671%)    Short selling $15.87M; Ratio 6.983%   eroded 7%. NIO-SW (09866.HK)  +0.950 (+3.473%)    Short selling $46.24M; Ratio 27.529%   sagged 5.2%. GEELY AUTO (00175.HK)  +0.200 (+1.290%)    Short selling $59.15M; Ratio 15.338%   , GWMOTOR (02333.HK)  -0.320 (-2.667%)    Short selling $71.41M; Ratio 21.377%   , BYD COMPANY (01211.HK)  +6.000 (+1.639%)    Short selling $595.47M; Ratio 39.259%   , and LI AUTO-W (02015.HK)  +2.700 (+3.012%)    Short selling $109.85M; Ratio 18.277%   retreated 3.6-4.6%.

Pharmaceutical stocks were dull. WUXI APPTEC (02359.HK)  +2.500 (+4.812%)    Short selling $39.29M; Ratio 13.973%   faded 2.9%, and WUXI BIO (02269.HK)  +1.100 (+5.366%)    Short selling $118.03M; Ratio 23.641%   dived 5.7%. HANSOH PHARMA (03692.HK)  +1.400 (+6.335%)    Short selling $36.97M; Ratio 19.151%   , CSPC PHARMA (01093.HK)  +0.520 (+9.353%)    Short selling $160.34M; Ratio 24.454%   , and SINO BIOPHARM (01177.HK)  +0.160 (+4.360%)    Short selling $45.18M; Ratio 28.822%   sank about 3-4%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-22 12:25.)

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