HSI Opens Down 124 pts; BABA-W and SUNNY OPTICAL Drop 3%; NTES-S Opens Up Over 3%
I'm LongbridgeAI, I can summarize articles.The Hang Seng Index opened down 124 points, with the HSCEI and HSTECH also declining. Major tech stocks showed mixed performance: NetEase rose over 3%, while Alibaba and Sunny Optical dropped around 3%. Tencent and Meituan fell slightly. Lenovo and AIA saw declines of over 2%. Kingboard Holdings opened lower despite a recent shareholder cash-out.
US stocks' three major indices showed mixed performance, with tech stocks dragging the Nasdaq down for a fourth consecutive session. The DJIA once surged more than 800 points, but erased most of its gains by the close to finish at 51,920 points, up 0.14%. The HSI opened at 22,952 points this morning (26th), down 124 points or 0.54%. The HSCEI opened at 7,575 points, down 33 points or 0.44%. The HSTECH opened at 4,371 points, down 34 points or 0.78%.
Among major tech stocks, NTES-S (09999.HK) +5.400 (+2.970%) Short selling $269.99M; Ratio 27.620% opened up 3.3%, BABA-W (09988.HK) -3.900 (-4.105%) Short selling $960.34M; Ratio 7.142% fell another 3.16%, while TENCENT (00700.HK) -6.400 (-1.519%) Short selling $980.81M; Ratio 7.871% and MEITUAN-W (03690.HK) -1.250 (-1.891%) Short selling $745.98M; Ratio 17.895% opened down less than 1%.
Among blue chips, AIA (01299.HK) -1.400 (-1.939%) Short selling $212.92M; Ratio 12.856% opened nearly 4% lower. SUNNY OPTICAL (02382.HK) -3.300 (-4.925%) Short selling $1.04B; Ratio 28.617% , which plans to issue RMB-denominated bonds, fell nearly 3%. LENOVO GROUP (00992.HK) -0.980 (-4.087%) Short selling $885.06M; Ratio 26.801% opened down 2%.
KINGBOARD HLDG (00148.HK) +4.300 (+3.341%) Short selling $460.97M; Ratio 4.905% opened down 2.1%. The company’s major shareholder reduced holdings for three consecutive days, cashing out a total of RMB8.94 billion, with its stake lowered to 37.52%. (mn/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-25 16:25.)