I'm LongbridgeAI, I can summarize articles.The Hang Seng Index (HSI) fell 2.6% to 23,972, driven by a sell-off in financials and tech stocks. Major banks like HSBC and insurers such as AIA declined significantly, while tech giants including Alibaba, Tencent, and Xiaomi also dropped over 2%. Macau casino stocks slumped following disappointing September gross gaming revenue data. This decline occurred after the Hong Kong market reopened from the National Day holiday, with US markets showing mixed signals regarding interest rates.
The three major US stock indices rattled higher on Thursday (1st). Yields on 10-year and 30-year US Treasury bonds ebbed back after touching more than 24-year highs, while more Fed officials suggested patience before raising interest rates again.
Hong Kong bourse was closed yesterday for the National Day holiday. In the absence of southbound funds, the HSI resumed trading this morning (2nd) with a gap-down opening of 513 pts, at one point falling as much as 747 pts to a nearly three-month trough of 23,865. The index ended at 23,972, down 640 pts or 2.6%, with full-day turnover at HKD145.804 billion; the HSTECH settled at 4,157, down 95 pts or 2.26%; and the HSCEI closed at 8,030, down 189 pts or 2.31%.
Leading techs came under pressure. BABA-W (09988.HK) -2.200 (-2.064%) Short selling $1.15B; Ratio 27.861% , TENCENT (00700.HK) -9.800 (-2.274%) Short selling $2.18B; Ratio 27.056% and MEITUAN-W (03690.HK) -1.500 (-2.092%) Short selling $601.08M; Ratio 38.231% sagged more than 2%; XIAOMI-W (01810.HK) -1.000 (-3.962%) Short selling $1.77B; Ratio 56.924% slumped nearly 4%; BIDU-W (09888.HK) -2.600 (-3.030%) Short selling $342.22M; Ratio 34.185% dropped 3.03%; while JD-SW (09618.HK) -1.400 (-1.342%) Short selling $225.42M; Ratio 30.136% declined 1.34%.
Financials and insurers deteriorated. HSBC HOLDINGS (00005.HK) -8.500 (-5.380%) Short selling $1.08B; Ratio 28.774% dived 5.38% for the day to HKD149.5; AIA (01299.HK) -4.400 (-5.978%) Short selling $686.01M; Ratio 22.751% crashed nearly 6%, making it the worst-performing blue chip of the day; HKEX (00388.HK) -12.000 (-3.094%) Short selling $1.07B; Ratio 32.576% slid 3.09%; STANCHART (02888.HK) -14.600 (-5.974%) Short selling $22.89M; Ratio 7.089% tumbled 5.97%; ICBC (01398.HK) -0.255 (-3.307%) Short selling $324.42M; Ratio 22.684% plunged 3.31%; while BOC HONG KONG (02388.HK) -1.550 (-2.967%) Short selling $182.33M; Ratio 29.148% , BANK OF CHINA (03988.HK) -0.165 (-2.712%) Short selling $311.77M; Ratio 35.395% , CHINA LIFE (02628.HK) -0.620 (-2.205%) Short selling $396.34M; Ratio 43.823% and CCB (00939.HK) -0.265 (-2.699%) Short selling $481.80M; Ratio 29.251% each slipped more than 2%.
Macau's Sep GGR sank 1.2% YoY to MOP18.063 billion. CLSA said the result missed expectations by 3% and forecast Oct GGR to remain flat YoY. Macau casinos were squeezed, with GALAXY ENT (00027.HK) -1.320 (-4.175%) Short selling $378.66M; Ratio 44.565% losing more than 4%; SANDS CHINA LTD (01928.HK) -0.470 (-3.966%) Short selling $147.48M; Ratio 39.444% and WYNN MACAU (01128.HK) -0.170 (-3.184%) Short selling $21.79M; Ratio 49.003% plummeting 3-4%; MGM CHINA (02282.HK) -0.445 (-4.543%) Short selling $23.51M; Ratio 44.882% and MELCO INT'L DEV (00200.HK) -0.135 (-4.787%) Short selling $3.22M; Ratio 30.816% stumbling more than 4%; and SJM HOLDINGS (00880.HK) -0.085 (-6.115%) Short selling $3.74M; Ratio 44.998% crumbling 6.12%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-10-02 16:25.)