--- title: "US CPI Beats Expectations, Rate Hike Expectations Heat Up; HSI Opens Down 195 pts, LENOVO GROUP , CATL Plunge 7%; Chip Stocks Extend External Market Losses" type: "News" locale: "en" url: "https://longbridge.com/en/news/301906709.md" description: "US September CPI exceeded expectations, intensifying market anticipation of Federal Reserve rate hikes. Consequently, Hong Kong stocks opened lower, with the HSI down 195 points. Major tech and chip stocks faced significant pressure, including Lenovo Group and CATL plunging around 7%, while semiconductor names like Montage Tech dropped over 11%. US markets also declined, with Nasdaq falling 1.88% amid broader weakness in data center and AI-related equities." datetime: "2026-10-15T01:45:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/301906709.md) - [en](https://longbridge.com/en/news/301906709.md) - [zh-HK](https://longbridge.com/zh-HK/news/301906709.md) generator: "portal-rs" --- # US CPI Beats Expectations, Rate Hike Expectations Heat Up; HSI Opens Down 195 pts, LENOVO GROUP , CATL Plunge 7%; Chip Stocks Extend External Market Losses US September inflation came in above expectations, reinforcing market expectations that the Federal Reserve will continue raising interest rates. Chip stocks remained under pressure. Overnight (14th), the Nasdaq fell 1.88%, marking its biggest decline since July 23, while the DJIA edged down 48 pts. This morning (15th), the HSI opened at 24,119 pts, down 195 pts or 0.8%; the HSTECH opened at 4,082 pts, down 92 pts or 2.21%; and the HSCEI opened at 8,124 pts, down 58 pts or 0.72%. Among major tech stocks, BABA-W (09988.HK) -2.300 (-2.081%) Short selling $1.78B; Ratio 15.855% fell 2.08%, while TENCENT (00700.HK) -5.800 (-1.370%) Short selling $777.91M; Ratio 9.213% dropped 1.98%. BIDU-W (09888.HK) -2.200 (-2.681%) Short selling $129.58M; Ratio 14.328% and KUAISHOU-W (01024.HK) -0.700 (-2.371%) Short selling $219.44M; Ratio 18.947% declined more than 2%. MEITUAN-W (03690.HK) -1.050 (-1.362%) Short selling $857.48M; Ratio 17.246% , NTES (09999.HK) -3.800 (-1.927%) Short selling $419.21M; Ratio 37.790% , JD-SW (09618.HK) -1.200 (-1.131%) Short selling $277.45M; Ratio 37.916% and XIAOMI-W (01810.HK) -0.400 (-1.516%) Short selling $1.65B; Ratio 22.679% fell more than 1%. Among other blue chips, CATL (03750.HK) -32.600 (-6.981%) Short selling $349.14M; Ratio 23.469% opened about 7% lower; WEICHAI POWER (02338.HK) -0.860 (-3.253%) Short selling $114.26M; Ratio 25.431% fell 3.18%; and HSBC HOLDINGS (00005.HK) -0.900 (-0.608%) Short selling $411.88M; Ratio 37.437% declined 0.47%. As expectations for US rate hikes intensified, interest rate-sensitive property stocks were soft. SHK PPT (00016.HK) -0.800 (-0.745%) Short selling $99.14M; Ratio 28.339% fell 0.56%; NEW WORLD DEV (00017.HK) -0.050 (-0.990%) Short selling $6.94M; Ratio 18.288% opened 0.79% lower; and HENDERSON LAND (00012.HK) -0.180 (-0.667%) Short selling $126.28M; Ratio 45.086% opened down 0.67%. Hong Kong-listed chip stocks continued to decline in line with external markets. SMIC (00981.HK) -1.950 (-3.591%) Short selling $278.58M; Ratio 9.589% fell 3.31%; HUA HONG GRACE (01347.HK) -4.750 (-5.719%) Short selling $383.13M; Ratio 22.582% dropped 5.6%; and MONTAGE TECH (06809.HK) -25.000 (-11.004%) Short selling $67.70M; Ratio 13.765% plunged 11%. South Korea's KOSPI index widened its decline to more than 7%. In Hong Kong, the Daily Leverage 2x product linked to SK Hynix (07709.HK) -3.700 (-14.992%) Short selling $2.22B; Ratio 61.203% slumped 14.99%, while the Daily Leverage 2x product linked to Samsung Electronics (07747.HK) -8.580 (-14.974%) Short selling $243.55M; Ratio 41.627% dropped 14.97%. Overnight, US data center-related stocks tumbled, with Dell Technologies Inc. (DELL.US) plunging 11.3%. In Hong Kong, LENOVO GROUP (00992.HK) -2.120 (-6.974%) Short selling $610.35M; Ratio 19.618% opened 7.57% lower, while GDS-SW (09698.HK) -3.660 (-12.577%) Short selling $22.57M; Ratio 28.513% cratered 12.58%. Among the two major AI model stocks, MINIMAX-W (00100.HK) -10.300 (-5.044%) Short selling $260.72M; Ratio 26.874% fell 5%, while Z.AI (02513.HK) -39.000 (-6.818%) Short selling $400.43M; Ratio 17.815% dropped 6.47%. PCB stocks were under pressure, with KB LAMINATES (01888.HK) -3.400 (-8.026%) Short selling $304.72M; Ratio 9.751% plunging 8.03% and KINGBOARD HLDG (00148.HK) -3.220 (-6.314%) Short selling $53.69M; Ratio 6.704% falling 6.67%. Optical communication concept stocks also weakened, with ZJ INNOLIGHT (03308.HK) -51.000 (-6.018%) Short selling $108.17M; Ratio 10.249% down 6.08% and YOFC (06869.HK) -10.200 (-7.224%) Short selling $374.33M; Ratio 13.672% falling 7.22%. (mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-10-14 16:25.) 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