Sun Hung Kai Properties drops 5% as short-selling ratio reaches 100%

Sun Hung Kai Properties (16.HK) fell 5% in Hong Kong trading to HK$115.6. Short-selling data showed the company's short-selling ratio reached 100% on the day, placing it among the most heavily shorted stocks in Hong Kong alongside AIA Group and Anta Sports.

The broader market was also under pressure, with the Hang Seng Index opening down 248 points, or roughly 0.96%.