HSI Ends Down 385 pts as AIA Slumps ~6%; WHARF REIC Leaps 13%+ Post-results; MINIMAX Rallies 17%

The HSI opened down 248 pts this morning (6th), with losses steepening to more than 520 pts at one point to a trough of 25,389. The index closed at 25,530, down 385 pts or 1.49%, with turnover of HKD255.227 billion. The HSTECH finished at 4,820, down 112 pts or 2.28%, while the HSCEI closed at 8,498, down 105 pts or 1.22%.

Major techs were broadly subdued. BABA-W (09988.HK) -3.700 (-2.888%) Short selling $704.33M; Ratio 8.420% , XIAOMI-W (01810.HK) -0.780 (-2.822%) Short selling $1.07B; Ratio 19.737% , KUAISHOU-W (01024.HK) -1.240 (-2.726%) Short selling $135.28M; Ratio 9.365% , TENCENT (00700.HK) -13.000 (-2.641%) Short selling $978.35M; Ratio 9.307% and JD-SW (09618.HK) -2.700 (-2.077%) Short selling $189.10M; Ratio 23.682% all dived more than 2%.

China has reportedly begun levying a 20% personal income tax on gains from offshore insurance policies. However, Citi said structural demand for Hong Kong insurance remains solid, adding that the current selloff is panic-driven and excessive. HSBC HOLDINGS (00005.HK) -2.000 (-1.234%) Short selling $355.06M; Ratio 10.980% shed 1.23%; AIA (01299.HK) -4.600 (-5.916%) Short selling $1.11B; Ratio 15.872% tumbled 5.92%; PRU (02378.HK) -5.200 (-4.573%) Short selling $4.61M; Ratio 14.364% slipped 4.57%; and FWD (01828.HK) -1.760 (-5.591%) Short selling $1.92M; Ratio 13.954% lost 5.59%.

Local property stocks were also dragged lower, with SHK PPT (00016.HK) -5.700 (-4.684%) Short selling $394.66M; Ratio 26.487% down 4.68%; HANG LUNG PPT (00101.HK) -0.265 (-3.466%) Short selling $23.09M; Ratio 23.644% down 3.47%; CK ASSET (01113.HK) -1.380 (-2.864%) Short selling $49.88M; Ratio 21.602% and HENDERSON LAND (00012.HK) -0.780 (-2.760%) Short selling $94.87M; Ratio 29.439% both down more than 2%.

AI-related stocks jumbled. MINIMAX-W (00100.HK) +43.400 (+17.100%) Short selling $870.34M; Ratio 10.126% , newly added to the Southbound Stock Connect list, leapfrogged 17.1% for the day. Z.AI (02513.HK) +46.000 (+4.419%) Short selling $124.61M; Ratio 2.148% soared 4.42%, while XUNCE (03317.HK) -7.100 (-5.217%) Short selling $3.89M; Ratio 0.733% slid 5.22%.

Among blue chips, WHARF REIC (01997.HK) +3.620 (+13.723%) Short selling $262.98M; Ratio 23.416% announced results at noon and received bullish calls from multiple brokers. Its share price once mushroomed 32% before closing up 13.72%, making it the best-performing blue chip of the day. CATL (03750.HK) -33.371 (-5.046%) Short selling $1.12B; Ratio 44.788% plunged 5.05%. CLP HOLDINGS (00002.HK) -0.150 (-0.196%) Short selling $49.11M; Ratio 21.218% reported a 6.6% increase in interim profit, while maintaining its second interim DPS at HKD0.63.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-06 16:25.)