The three major US stock indices moved higher. The latest US PPI unexpectedly stayed flat MoM, while initial jobless claims came in slightly above market expectations, further easing expectations for a Federal Reserve rate hike in September. The S&P 500 hit fresh intraday and closing record highs, rising 0.65%, while the DJIA and Nasdaq gained 0.1% and more than 0.8% respectively. This morning (14th), the HSI opened down 177 pts before losses widened. By midday, it stood at 25,160, down 236 pts or 0.93%, with half-day market turnover at HKD135.724 billion. The HSCEI was at 8,354, down 71 pts or 0.85%, while the HSTECH stood at 4,706, down 85 pts or 1.79%.

JD-related stocks came under notable pressure after releasing earnings results. JD-SW (09618.HK) -12.400 (-10.081%) Short selling $262.48M; Ratio 14.221% slumped 10.08%. JPM said the 2Q results confirmed profit recovery, but the timing for re-rating had not yet arrived. Although JD HEALTH (06618.HK) -1.640 (-4.150%) Short selling $128.53M; Ratio 18.507% 's quarterly results met expectations, its stock still fell 4.15%. JD LOGISTICS (02618.HK) -1.830 (-12.915%) Short selling $77.59M; Ratio 28.162% was the worst-performing blue chip at midday, plunging 12.91%, with CLSA saying its 2Q results were in line with expectations.

Tech stocks showed mixed performance. TENCENT (00700.HK) +2.400 (+0.544%) Short selling $711.24M; Ratio 9.542% rebounded 0.54%; BABA-W (09988.HK) -2.900 (-2.379%) Short selling $186.72M; Ratio 5.746% fell 2.38%; and MEITUAN-W (03690.HK) -5.050 (-5.534%) Short selling $583.27M; Ratio 17.371% slumped 5.53%. NTES (09999.HK) +4.000 (+2.087%) Short selling $71.59M; Ratio 22.271% rose 2.09%, maintaining its fourth-place ranking among Chinese mobile game publishers, with strong July revenue performance from its mobile game "Eggy Party".

Among blue chips, CK ASSET (01113.HK) -3.500 (-7.277%) Short selling $107.67M; Ratio 42.572% dropped 7.28% after BofAS said the absence of a special dividend could disappoint the market. CKH HOLDINGS (00001.HK) -3.700 (-5.118%) Short selling $202.19M; Ratio 32.268% fell 5.12% after Dominic Lai, Co-Managing Director of CKH HOLDINGS (00001.HK) -3.700 (-5.118%) Short selling $202.19M; Ratio 32.268% , said many uncertainties remain in 2H26 and caution is warranted. CHINA MOBILE (00941.HK) +0.900 (+1.108%) Short selling $96.30M; Ratio 11.131% bucked the trend to rise 1.11%, as CLSA and Citi said its dividend remained stable and interim dividend exceeded expectations. LENOVO GROUP (00992.HK) -0.580 (-1.662%) Short selling $685.08M; Ratio 10.817% reported first fiscal quarter profit far above expectations and received substantial TP upgrades from multiple brokers. After surging 20% yesterday, the stock softened today, falling 1.66% by midday. SMIC (00981.HK) +1.300 (+1.925%) Short selling $332.15M; Ratio 4.706% rose 1.92% after G Sachs said its 2Q results beat expectations. HUA HONG GRACE (01347.HK) -18.100 (-12.296%) Short selling $1.36B; Ratio 19.260% dropped 12.3% as brokers said its 3Q revenue guidance missed expectations. KINGDEE INT'L (00268.HK) +0.095 (+1.209%) Short selling $34.60M; Ratio 15.101% gained 1.21% after BofAS reiterated its Buy rating.

Among individual stocks, CHINAGOLDINTL (02099.HK) +24.200 (+12.927%) Short selling $51.47M; Ratio 5.888% surged 12.93% after interim profit jumped 1.5x. AI concept stocks traded mixed, with MINIMAX-W (00100.HK) -19.200 (-5.096%) Short selling $342.97M; Ratio 6.927% down 5.1%, Z.AI (02513.HK) +35.000 (+2.658%) Short selling $399.74M; Ratio 6.649% up 2.66%, and XUNCE (03317.HK) +10.500 (+8.046%) Short selling $17.93M; Ratio 3.768% up 8.05%. (mn/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-14 12:25.)