Escalating tensions in the Middle East, coupled with sharp post-results downfalls in the share prices of Alphabet Inc. (GOOGL.US) and Tesla, Inc. (TSLA.US) , dragged the three major US stock indices down about 1% to 2%.

The HSI opened at 24,932 this morning (24th), down 278 points or 1.1%. The HSTECH opened at 4,611, down 87 points or 1.86%. The HSCEI opened at 8,257, down 94 points or 1.13%.

Leading tech stocks retreated with the broader market. BABA-W (09988.HK) -4.100 (-3.568%) Short selling $884.88M; Ratio 14.868% fell off 2.96%; TENCENT (00700.HK) -9.000 (-2.022%) Short selling $1.37B; Ratio 13.444% opened down 1.57%; MEITUAN-W (03690.HK) -1.250 (-1.432%) Short selling $1.10B; Ratio 19.875% , KUAISHOU-W (01024.HK) -1.300 (-3.018%) Short selling $171.30M; Ratio 14.966% and XIAOMI-W (01810.HK) -0.100 (-0.368%) Short selling $630.67M; Ratio 26.928% opened down more than 2%; JD-SW (09618.HK) -1.800 (-1.505%) Short selling $152.91M; Ratio 37.986% , BIDU-SW (09888.HK) -2.400 (-2.247%) Short selling $262.52M; Ratio 31.203% and NTES (09999.HK) -3.100 (-1.623%) Short selling $496.38M; Ratio 43.204% opened down more than 1%.

Brent oil prices shattered above USD100 per barrel, lifting the "two oils" higher against the market trend. PETROCHINA (00857.HK) -0.030 (-0.297%) Short selling $134.84M; Ratio 17.048% opened up 0.3%; and CNOOC (00883.HK) -0.380 (-1.569%) Short selling $192.01M; Ratio 12.686% opened up 0.91%.

Resource and metal stocks gave back yesterday's gains. CMOC (03993.HK) -0.780 (-4.429%) Short selling $183.07M; Ratio 20.180% dived nearly 4%; and ZIJIN MINING (02899.HK) -1.060 (-3.162%) Short selling $1.12B; Ratio 40.762% slumped 2.69%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-23 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)