HSTECH Loses ~2%; Z.AI Plunges 16%, Barely Holds HKD1,000 Mark; MINIMAX-W Dives 12%; SENSETIME-W Ebbs 6.5%
I'm LongbridgeAI, I can summarize articles.HK stocks declined, with the HSI down 0.6% and HSTECH falling 1.9%. Major AI stocks led losses: Z.AI plunged 16%, MINIMAX-W dropped 12%, and SENSETIME-W fell 6.5%. Goldman Sachs raised its target price for SENSETIME following a positive profit alert. Other notable declines included WEIMOB, GIGADEVICE, XIAOMI, and PONY.
The HSI opened down 84 points. With deeper losses during the morning session, it once slid 212 points to a trough of 25,240 before taking a breath. It last stood at 25,295, down 157 points or 0.6%, with turnover of HKD116.5 billion. The HSTECH was down 92 points or 1.9% at 4,689.
Two major AI large-model stocks led declines. Z.AI (02513.HK) -201.000 (-16.708%) Short selling $455.12M; Ratio 5.639% opened slightly higher by 0.67% this morning before turning lower in early trading, touching a low of HKD1,000. It last traded at HKD1,008, down 16.21%, with 6.3362 million shares traded involving HKD6.744 billion. MINIMAX-W (00100.HK) -42.600 (-12.762%) Short selling $392.50M; Ratio 11.558% opened up 0.36% before reverting down, last trading at HKD292.6, down 12.34%, with 12.3626 million shares traded involving HKD3.741 billion.
SENSETIME-W (00020.HK) -0.095 (-6.209%) Short selling $426.31M; Ratio 18.609% , which recently issued a positive profit alert forecasting a turnaround to net profit of RMB500-700 million for 1H26, opened flat before waning. It last traded at HKD1.43, ebbing back 6.54%, with turnover of HKD632 million. Goldman Sachs said SENSETIME-W's interim positive profit alert beat, slightly raising its TP to HKD2.05 while maintaining a Neutral rating.
Multiple focus stocks are set to announce results today. BIDU-SW (09888.HK) +0.400 (+0.399%) Short selling $149.46M; Ratio 17.546% edged up 0.4%, while WEIMOB INC (02013.HK) -0.080 (-6.275%) Short selling $2.67M; Ratio 10.948% and GIGADEVICE (03986.HK) -32.000 (-5.776%) Short selling $22.20M; Ratio 0.803% each slumped nearly 6%. XIAOMI-W (01810.HK) -0.500 (-1.932%) Short selling $955.68M; Ratio 36.679% dropped 1.9%, PA GOODDOCTOR (01833.HK) -0.300 (-4.054%) Short selling $4.20M; Ratio 10.392% dived 3.5%, PONY-W (02026.HK) -2.600 (-4.088%) Short selling $4.08M; Ratio 12.872% shrank 4.1%, HESAI-W (02525.HK) -0.360 (-2.000%) Short selling $31.49M; Ratio 26.237% shed 2.3%, and CHINA UNICOM (00762.HK) -0.055 (-0.869%) Short selling $9.87M; Ratio 4.650% fell less than 1%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-17 16:25.)