---
title: "HSI Closes Midday at 23,517, Down 98 pts; HSTI Closes Midday at 4,528, Down 12 pts; MEITUAN Up over 4%; HSBC HOLDINGS Hit New Highs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291875875.md"
description: "At midday, the Hang Seng Index (HSI) fell 98 points to 23,517, while the HSTECH Index dropped 12 points to 4,528. Major tech stocks showed mixed performance: Meituan rose over 4%, Tencent gained 2.8%, and Alibaba edged up 1%. Conversely, HSBC Holdings hit new highs with a 0.6% gain. Many constituents of the HSI and HSCEI declined, including Kuangchi Technology down 9.5% and BYD Electronic down 5%."
datetime: "2026-07-07T04:20:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291875875.md)
  - [en](https://longbridge.com/en/news/291875875.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291875875.md)
generator: "portal-rs"
---

# HSI Closes Midday at 23,517, Down 98 pts; HSTI Closes Midday at 4,528, Down 12 pts; MEITUAN Up over 4%; HSBC HOLDINGS Hit New Highs

At midday close, HSI dropped 98 pts or 0.4% to 23,517. HSTI dropped 12 pts or 0.3% to 4,528. HSCEI fell 33 pts or 0.4% to 7,779.

Active Heavyweights:  
MEITUAN (03690.HK) +3.250 (+4.336%) Short selling $802.53M; Ratio 21.606% closed at $78.2, up 4.3%  
TENCENT (00700.HK) +12.800 (+2.832%) Short selling $2.12B; Ratio 11.458% closed at $464.8, up 2.8%  
BABA (09988.HK) +0.950 (+0.990%) Short selling $1.43B; Ratio 18.469% closed at $96.9, up 1%  
XIAOMI (01810.HK) +0.160 (+0.687%) Short selling $948.79M; Ratio 25.439% closed at $23.44, up 0.7%

HSI & HSCEI Constituents on Move:  
KUAISHOU-W (01024.HK) -4.360 (-9.478%) Short selling $589.20M; Ratio 14.952% closed at $41.64, down 9.5%  
BYD ELECTRONIC (00285.HK) -1.060 (-4.967%) Short selling $95.35M; Ratio 39.341% closed at $20.28, down 5%  
CHINA LIFE (02628.HK) -1.360 (-4.607%) Short selling $579.40M; Ratio 33.771% closed at $28.16, down 4.6%  
XINYI SOLAR (00968.HK) -0.090 (-4.286%) Short selling $35.85M; Ratio 53.484% closed at $2.01, down 4.3%  
MENGNIU DAIRY (02319.HK) -0.750 (-4.286%) Short selling $214.39M; Ratio 38.794% closed at $16.75, down 4.3%  
NONGFU SPRING (09633.HK) -1.760 (-4.237%) Short selling $180.98M; Ratio 49.499% closed at $39.78, down 4.2%  
OOIL (00316.HK) -5.100 (-3.984%) Short selling $43.58M; Ratio 50.865% closed at $122.9, down 4%  
LONGFOR (00960.HK) -0.250 (-3.882%) Short selling $43.46M; Ratio 29.471% closed at $6.19, down 3.9%  
CMOC (03993.HK) -0.610 (-3.822%) Short selling $92.48M; Ratio 21.572% closed at $15.35, down 3.8%  
JD HEALTH (06618.HK) -1.440 (-3.812%) Short selling $153.06M; Ratio 27.997% closed at $36.34, down 3.8%  
ZIJIN MINING (02899.HK) -1.180 (-3.782%) Short selling $439.89M; Ratio 25.517% closed at $30.02, down 3.8%  
BEKE-W (02423.HK) -1.380 (-3.455%) Short selling $69.14M; Ratio 20.010% closed at $38.56, down 3.5%  
CSPC PHARMA (01093.HK) -0.280 (-3.402%) Short selling $448.73M; Ratio 31.428% closed at $7.95, down 3.4%  
MTR CORPORATION (00066.HK) -1.020 (-3.202%) Short selling $69.68M; Ratio 40.745% closed at $30.84, down 3.2%  
SMIC (00981.HK) -2.400 (-3.168%) Short selling $1.86B; Ratio 15.311% closed at $73.35, down 3.2%  
HAIER SMARTHOME (06690.HK) -0.660 (-3.164%) Short selling $51.54M; Ratio 18.574% closed at $20.2, down 3.2%  
CHOW TAI FOOK (01929.HK) -0.370 (-3.149%) Short selling $74.50M; Ratio 32.386% closed at $11.38, down 3.1%  
HORIZONROBOT-W (09660.HK) -0.140 (-3.118%) Short selling $257.62M; Ratio 22.779% closed at $4.35, down 3.1%  
HANSOH PHARMA (03692.HK) -1.020 (-3.002%) Short selling $251.36M; Ratio 31.616% closed at $32.96, down 3%  
HSBC HOLDINGS (00005.HK) +0.900 (+0.592%) Short selling $494.66M; Ratio 28.956% closed at $152.9, up 0.6%, hitting new high

HSMI & HSSI Constituents on Move:  
GUOXIA TECH (02655.HK) +4.460 (+21.884%) Short selling $1.12M; Ratio 0.253% closed at $24.84, up 21.9%  
ZHIDA TECH (02650.HK) -3.300 (-11.037%) closed at $26.6, down 11%  
JIAXIN INTL RES (03858.HK) -5.950 (-10.568%) Short selling $32.38M; Ratio 16.035% closed at $50.35, down 10.6%  
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-06 16:25.)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**