The three major Hong Kong stock indices opened little changed this morning. The HSI opened at 25,150, up 7 pts or 0.03%; the HSTECH opened at 4,755, up 3 pts or 0.07%; and the HSCEI opened flat at 8,381.

Among active heavyweights, BABA-W (09988.HK) +0.600 (+0.514%) Short selling $3.13B; Ratio 21.284% opened 2.65% higher at HKD119.9, despite reports that its AliExpress was fined EUR550 million by the European Union for violating the Digital Services Act. TENCENT (00700.HK) -1.600 (-0.335%) Short selling $2.22B; Ratio 15.127% opened at HKD478.2, up 0.08%, while MEITUAN-W (03690.HK) -0.300 (-0.348%) Short selling $1.36B; Ratio 24.616% opened 1.62% lower at HKD84.9.

CKH HOLDINGS (00001.HK) +0.250 (+0.355%) Short selling $91.70M; Ratio 25.336% responded to market speculation that the listing of AS Watson in London could be delayed until next year, reiterating that its board has not yet made any decision regarding the IPO or its timing. CKH HOLDINGS opened at HKD71.2, up 0.99%.

Technology and chip-related sectors outshone. LENOVO GROUP (00992.HK) +0.580 (+2.708%) Short selling $329.39M; Ratio 17.485% opened at HKD22.24, up 3.83%; SMIC (00981.HK) +0.400 (+0.573%) Short selling $1.32B; Ratio 18.385% opened at HKD71.85, up 3.01%. HUA HONG GRACE (01347.HK) +5.000 (+3.499%) Short selling $617.13M; Ratio 8.426% opened 3.99% higher at HKD148.6. MONTAGE TECH (06809.HK) -3.000 (-1.136%) Short selling $116.93M; Ratio 8.803% opened 4.17% higher. GIGADEVICE (03986.HK) +1.000 (+0.187%) Short selling $22.97M; Ratio 0.797% opened 3.47% higher.

AI concept stocks rebounded. Z.AI (02513.HK) +80.500 (+9.040%) Short selling $442.75M; Ratio 3.992% opened 4.44% higher, while MINIMAX-W (00100.HK) +4.400 (+2.279%) Short selling $67.49M; Ratio 6.111% opened 5.13% higher.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-20 16:25.)