--- title: "HSI Midday Down 165 Pts; Z.AI Plunges 16%+; XIAOMI-W Down 1.7% Ahead of Results" type: "News" locale: "en" url: "https://longbridge.com/en/news/296189625.md" description: "The Hang Seng Index fell 165 points to 25,287 at midday, driven by declines in major tech and AI stocks. Z.AI plunged over 16%, while Xiaomi, Meituan, and Tencent also dropped ahead of earnings reports. Insurers and international financials weakened, though oil-related stocks like CNOOC rose on geopolitical news regarding Iran." datetime: "2026-08-18T07:21:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296189625.md) - [en](https://longbridge.com/en/news/296189625.md) - [zh-HK](https://longbridge.com/zh-HK/news/296189625.md) generator: "portal-rs" --- # HSI Midday Down 165 Pts; Z.AI Plunges 16%+; XIAOMI-W Down 1.7% Ahead of Results The HSI opened down 84 pts this morning (18th), with losses deepening during the session. At midday, the index finished at 25,287, down 165 pts or 0.65%, with main board turnover at HKD136.522 billion. The HSCEI closed at 8,387, down 52 pts or 0.62%. The HSTECH settled at 4,686, down 95 pts or 1.99%. Most major techs retreated. XIAOMI-W (01810.HK) +0.420 (+1.623%) Short selling $449.07M; Ratio 28.661% , which will announce results today, dropped 1.7%; MEITUAN-W (03690.HK) -2.150 (-2.453%) Short selling $358.81M; Ratio 15.570% slumped 3.59%; KUAISHOU-W (01024.HK) -0.840 (-2.096%) Short selling $299.63M; Ratio 18.406% shed 3.79%; JD-SW (09618.HK) -1.900 (-1.681%) Short selling $99.51M; Ratio 18.720% dived 2.39%; TENCENT (00700.HK) -3.400 (-0.762%) Short selling $482.90M; Ratio 8.666% declined 1.79%; BIDU-SW (09888.HK) +1.200 (+1.196%) Short selling $45.04M; Ratio 15.175% rose 0.6%; while BABA-W (09988.HK) +5.100 (+4.173%) Short selling $1.40B; Ratio 23.687% gained 1.72%. AI-related stocks were hit hard. Z.AI (02513.HK) -145.000 (-12.053%) Short selling $539.19M; Ratio 7.163% hovered above the HKD1,000 mark and concluded at HKD1,003 at midday, plunging 16.63%; MINIMAX-W (00100.HK) -16.600 (-4.973%) Short selling $185.52M; Ratio 4.613% plummeted 12.22% to HKD293; XUNCE (03317.HK) -10.100 (-6.937%) Short selling $10.82M; Ratio 3.328% cratered 8.17%. Insurers and international financials generally deteriorated. CHINA LIFE (02628.HK) -1.000 (-3.574%) Short selling $172.91M; Ratio 20.101% skydived 4.72%; PING AN (02318.HK) -0.900 (-1.642%) Short selling $228.84M; Ratio 17.179% and AIA (01299.HK) -0.750 (-1.022%) Short selling $106.29M; Ratio 11.057% both lost more than 2%; HSBC HOLDINGS (00005.HK) -1.000 (-0.612%) Short selling $129.74M; Ratio 35.738% faded 0.8%. US President Donald Trump indicated he had no intention of seeking an extension of the memorandum of understanding with Iran, lifting oil prices. CNOOC (00883.HK) +0.660 (+2.759%) Short selling $19.60M; Ratio 2.252% mounted 2.17%, whereas PETROCHINA (00857.HK) +0.240 (+2.509%) Short selling $44.58M; Ratio 15.990% added 1.2%. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-18 12:25.) ### Related Stocks - [MPNGY.US](https://longbridge.com/en/quote/MPNGY.US.md) - [00883.HK](https://longbridge.com/en/quote/00883.HK.md) - [02513.HK](https://longbridge.com/en/quote/02513.HK.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [07200.HK](https://longbridge.com/en/quote/07200.HK.md) - [07300.HK](https://longbridge.com/en/quote/07300.HK.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [03115.HK](https://longbridge.com/en/quote/03115.HK.md) - [02800.HK](https://longbridge.com/en/quote/02800.HK.md) - [07500.HK](https://longbridge.com/en/quote/07500.HK.md) - [600938.CN](https://longbridge.com/en/quote/600938.CN.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [HSCEI.HK](https://longbridge.com/en/quote/HSCEI.HK.md) - [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md) - [01024.HK](https://longbridge.com/en/quote/01024.HK.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [00100.HK](https://longbridge.com/en/quote/00100.HK.md) - [03317.HK](https://longbridge.com/en/quote/03317.HK.md) - [02628.HK](https://longbridge.com/en/quote/02628.HK.md) - [02318.HK](https://longbridge.com/en/quote/02318.HK.md) - [01299.HK](https://longbridge.com/en/quote/01299.HK.md) - [00005.HK](https://longbridge.com/en/quote/00005.HK.md) - [00857.HK](https://longbridge.com/en/quote/00857.HK.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md) - [83690.HK](https://longbridge.com/en/quote/83690.HK.md) - [HMTD.SG](https://longbridge.com/en/quote/HMTD.SG.md) - [81024.HK](https://longbridge.com/en/quote/81024.HK.md) - [89618.HK](https://longbridge.com/en/quote/89618.HK.md) - [JD.US](https://longbridge.com/en/quote/JD.US.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [89888.HK](https://longbridge.com/en/quote/89888.HK.md) - [BIDU.US](https://longbridge.com/en/quote/BIDU.US.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) - [601628.CN](https://longbridge.com/en/quote/601628.CN.md) - [82318.HK](https://longbridge.com/en/quote/82318.HK.md) - [601318.CN](https://longbridge.com/en/quote/601318.CN.md) - [PNGAY.US](https://longbridge.com/en/quote/PNGAY.US.md) - [81299.HK](https://longbridge.com/en/quote/81299.HK.md) - [AAGIY.US](https://longbridge.com/en/quote/AAGIY.US.md) - [DTIW.SG](https://longbridge.com/en/quote/DTIW.SG.md) - [HSBA.UK](https://longbridge.com/en/quote/HSBA.UK.md) - [HSBC.US](https://longbridge.com/en/quote/HSBC.US.md) - [80883.HK](https://longbridge.com/en/quote/80883.HK.md) - [601857.CN](https://longbridge.com/en/quote/601857.CN.md) - [HPCD.SG](https://longbridge.com/en/quote/HPCD.SG.md) ## Related News & Research - [EXPLAINER-What is Unitree and why are China’s humanoid robot makers racing to list?](https://longbridge.com/en/news/295497502.md) - [Z.ai launches GLM-5.3 with claimed 50% gain on coding benchmark](https://longbridge.com/en/news/296061991.md) - [MEITUAN-W Kicks off 2027 Campus Recruitment Incl. HK, Adds 10+ AI-Native Positions](https://longbridge.com/en/news/296190753.md) - [G Sachs: GLM-5.3 Marks Another Major Leap in China's AI Model Progress; Maintains Neutral Rating on Z.AI](https://longbridge.com/en/news/296046992.md) - [Zhipu AI’s answer to Project Glasswing marks shift for Chinese cyber safety](https://longbridge.com/en/news/296208292.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**