HSI Opens Down 3 pts as AIA, HSBC HOLDINGS Remain Soft; WHARF REIC 2%+ Higher
I'm LongbridgeAI, I can summarize articles.The Hang Seng Index opened down 3 points, while the HSTECH and HSCEI rose slightly. US stocks fell overnight, ending DJIA's five-day winning streak. Major tech stocks showed mixed performance: Tencent dipped slightly, NetEase rose, Xiaomi fell, while Meituan, Alibaba, and JD.com gained marginally. AIA and HSBC Holdings declined due to tax rumors and market sentiment, respectively. WHARF REIC surged over 2% on strong earnings, and Pacific Basin jumped nearly 5% after reporting tripled interim profits and a dividend hike.
US stocks fell overnight, with the three major indices closing lower. The DJIA ended its five-day winning streak, dropping 464 points or 0.9%. The S&P 500 and Nasdaq fell 0.2% and 0.1%, respectively. This morning (7th), the HSI opened at 25,526, down 3 points or 0.01%; the HSTECH opened at 4,833, up 12 points or 0.26%; the HSCEI opened at 8,508, up 9 points or 0.11%.
Major tech stocks showed mixed performance. TENCENT (00700.HK) +1.400 (+0.292%) Short selling $978.35M; Ratio 9.307% opened down 0.04%; NTES (09999.HK) +3.600 (+1.773%) Short selling $228.35M; Ratio 16.081% rose 1.18%; XIAOMI-W (01810.HK) -0.440 (-1.638%) Short selling $1.07B; Ratio 19.737% fell 0.75%; while MEITUAN-W (03690.HK) +0.150 (+0.163%) Short selling $215.72M; Ratio 9.128% , BABA-W (09988.HK) -1.300 (-1.045%) Short selling $704.33M; Ratio 8.420% and JD-SW (09618.HK) +0.100 (+0.079%) Short selling $189.10M; Ratio 23.682% gained less than 1%.
AIA (01299.HK) -0.450 (-0.615%) Short selling $1.11B; Ratio 15.872% remained pressured by market rumors that China may impose a 20% personal income tax on gains from offshore insurance policies, opening down 0.82%. HSBC HOLDINGS (00005.HK) 0.000 (0.000%) Short selling $355.06M; Ratio 10.980% , which resumed share buybacks, also fell 0.25%.
Among blue chips, WHARF REIC (01997.HK) +1.720 (+5.733%) Short selling $262.98M; Ratio 23.416% opened up 2.33%, continuing to be supported by strong earnings results. CNOOC (00883.HK) +0.280 (+1.233%) Short selling $22.35M; Ratio 1.392% rose 1.06%, while SMIC (00981.HK) -0.500 (-0.765%) Short selling $200.82M; Ratio 3.376% gained 0.69%.
Among individual stocks, PACIFIC BASIN (02343.HK) +0.415 (+12.425%) Short selling $4.40M; Ratio 13.832% reported interim profit surging more than threefold and sharply increased its dividend to HKD0.155, boosting its share price by 4.79% at the open. (mn/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-06 16:25.)