--- title: "HSI Opens Down 278 pts; BABA-W Dives 3%; TENCENT Down Over 1%" type: "News" locale: "en" url: "https://longbridge.com/en/news/293689701.md" description: "The Hang Seng Index opened down 278 points (1.1%) amid Middle East tensions and US market declines. Major tech stocks like Alibaba, Tencent, and Meituan fell over 1-3%. Conversely, oil prices surged past $100, lifting PetroChina and CNOOC, while resource stocks like CMOC and Zijin Mining dropped significantly." datetime: "2026-07-24T02:01:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293689701.md) - [en](https://longbridge.com/en/news/293689701.md) - [zh-HK](https://longbridge.com/zh-HK/news/293689701.md) --- # HSI Opens Down 278 pts; BABA-W Dives 3%; TENCENT Down Over 1% Escalating tensions in the Middle East, coupled with sharp post-results downfalls in the share prices of Alphabet Inc. (GOOGL.US) and Tesla, Inc. (TSLA.US) , dragged the three major US stock indices down about 1% to 2%. The HSI opened at 24,932 this morning (24th), down 278 points or 1.1%. The HSTECH opened at 4,611, down 87 points or 1.86%. The HSCEI opened at 8,257, down 94 points or 1.13%. Leading tech stocks retreated with the broader market. BABA-W (09988.HK) \-4.100 (-3.568%) Short selling $884.88M; Ratio 14.868% fell off 2.96%; TENCENT (00700.HK) \-9.000 (-2.022%) Short selling $1.37B; Ratio 13.444% opened down 1.57%; MEITUAN-W (03690.HK) \-1.250 (-1.432%) Short selling $1.10B; Ratio 19.875% , KUAISHOU-W (01024.HK) \-1.300 (-3.018%) Short selling $171.30M; Ratio 14.966% and XIAOMI-W (01810.HK) \-0.100 (-0.368%) Short selling $630.67M; Ratio 26.928% opened down more than 2%; JD-SW (09618.HK) \-1.800 (-1.505%) Short selling $152.91M; Ratio 37.986% , BIDU-SW (09888.HK) \-2.400 (-2.247%) Short selling $262.52M; Ratio 31.203% and NTES (09999.HK) \-3.100 (-1.623%) Short selling $496.38M; Ratio 43.204% opened down more than 1%. Brent oil prices shattered above USD100 per barrel, lifting the "two oils" higher against the market trend. PETROCHINA (00857.HK) \-0.030 (-0.297%) Short selling $134.84M; Ratio 17.048% opened up 0.3%; and CNOOC (00883.HK) \-0.380 (-1.569%) Short selling $192.01M; Ratio 12.686% opened up 0.91%. Resource and metal stocks gave back yesterday's gains. CMOC (03993.HK) \-0.780 (-4.429%) Short selling $183.07M; Ratio 20.180% dived nearly 4%; and ZIJIN MINING (02899.HK) \-1.060 (-3.162%) Short selling $1.12B; Ratio 40.762% slumped 2.69%. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-23 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.) ### Related Stocks - [MPNGY.US](https://longbridge.com/en/quote/MPNGY.US.md) - [00883.HK](https://longbridge.com/en/quote/00883.HK.md) - [00857.HK](https://longbridge.com/en/quote/00857.HK.md) - [03993.HK](https://longbridge.com/en/quote/03993.HK.md) - [02899.HK](https://longbridge.com/en/quote/02899.HK.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [07200.HK](https://longbridge.com/en/quote/07200.HK.md) - [03115.HK](https://longbridge.com/en/quote/03115.HK.md) - [07500.HK](https://longbridge.com/en/quote/07500.HK.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [07300.HK](https://longbridge.com/en/quote/07300.HK.md) - [603993.CN](https://longbridge.com/en/quote/603993.CN.md) - [601857.CN](https://longbridge.com/en/quote/601857.CN.md) - [601899.CN](https://longbridge.com/en/quote/601899.CN.md) - [600938.CN](https://longbridge.com/en/quote/600938.CN.md) - [02800.HK](https://longbridge.com/en/quote/02800.HK.md) - [159880.CN](https://longbridge.com/en/quote/159880.CN.md) - [561360.CN](https://longbridge.com/en/quote/561360.CN.md) - [159944.CN](https://longbridge.com/en/quote/159944.CN.md) - [159876.CN](https://longbridge.com/en/quote/159876.CN.md) ## Related News & Research - [METALS-Copper gains on Mideast de-escalation, oil price drop](https://longbridge.com/en/news/293877082.md) - [Strong Petrochemical publishes 2025 annual report](https://longbridge.com/en/news/294529815.md) - [PRESS DIGEST-Canada - July 29](https://longbridge.com/en/news/294218557.md) - [BREAKINGVIEWS-Zijin's Canada gold rush crosses China's red line](https://longbridge.com/en/news/294462232.md) - [Allied Gold's $4 billion sale to China's Zijin collapses, secures $295 million investment](https://longbridge.com/en/news/294201855.md)