HSI Opens Down 177pts; JD-SW Slumps Over 7% Post-results, SMIC Rises Against Market 4.7%
I'm LongbridgeAI, I can summarize articles.The Hang Seng Index opened down 177 points, driven by pressure on leading tech stocks. JD.com shares slumped over 7% despite a 20.8% rise in Q2 non-GAAP net profit, as investors worried about increased overseas investment costs. Conversely, SMIC rose 4.7% after reporting a 261% surge in quarterly profits. Other notable movements included CK Asset falling 4.8% due to an impairment charge and AI concept stocks gaining ground ahead of DeepSeek's API price hike.
US stocks advanced, with the latest US PPI unexpectedly 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%. The DJIA and Nasdaq also gained 0.1% and more than 0.8%, respectively. This morning (14th), the HSI opened at 25,219, down 177 points or 0.7%; the HSCEI opened at 8,376, down 50 points or 0.59%; the HSTECH opened at 4,763, down 28 points or 0.6%.
Leading technology stocks generally came under pressure. JD-SW (09618.HK) -10.600 (-8.618%) Short selling $186.32M; Ratio 16.226% reported a 20.8% rise in 2Q26 Non-GAAP net profit to RMB8.93 billion. The market was concerned about increased investment in overseas markets, with JD-SW ADRs falling 7.3% overnight, while its Hong Kong shares opened down 6.5% this morning. TENCENT (00700.HK) 0.000 (0.000%) Short selling $3.27B; Ratio 11.070% fell another 1.13%, while MEITUAN-W (03690.HK) -2.900 (-3.178%) Short selling $295.07M; Ratio 15.041% and BABA-W (09988.HK) -3.200 (-2.625%) Short selling $651.34M; Ratio 9.138% dropped more than 1%.
Among blue chips, CK ASSET (01113.HK) -3.520 (-7.318%) Short selling $53.72M; Ratio 24.027% made a HKD6 billion impairment on HUI XIAN REIT (87001.HK) -0.005 (-1.333%) , with CK ASSET shares opening down 4.82%. LENOVO GROUP (00992.HK) +0.280 (+0.802%) Short selling $2.00B; Ratio 16.857% , which surged 20% yesterday, opened down 4.24% this morning. JD LOGISTICS (02618.HK) -1.360 (-9.598%) Short selling $30.09M; Ratio 16.973% fell 2.61%. CKH HOLDINGS (00001.HK) -3.800 (-5.256%) Short selling $107.75M; Ratio 24.943% dropped 2.14% after the group said the operating environment in 2H26 remains challenging. JD HEALTH (06618.HK) +1.580 (+3.998%) Short selling $61.54M; Ratio 19.106% rose 3.09%. SMIC (00981.HK) +3.650 (+5.403%) Short selling $242.07M; Ratio 3.885% reported a 261% surge in quarterly profit and opened up 4.74% this morning. MTR CORPORATION (00066.HK) +0.820 (+2.537%) Short selling $56.33M; Ratio 53.445% gained 1.73% after interim profit more than doubled.
DeepSeek will raise API prices starting next Monday, boosting AI concept stocks. MINIMAX-W (00100.HK) +14.600 (+3.875%) Short selling $476.13M; Ratio 7.041% rose 3.5%, while Z.AI (02513.HK) +72.000 (+5.467%) Short selling $226.94M; Ratio 2.637% gained 2.96%. (mn/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-13 16:25.)