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《Hong Kong Stocks》 Hang Seng Index closed up 144 points for the day; CK Hutchison rose more than 7%; Zhipu and Tianshu Zhixin fell by about 19%
Large-cap tech and internet shares had mixed performances. Xiaomi-W (01810.HK) +0.840 (+3.360%): short selling $887 million; ratio 24.902%, strong performance. It closed at 25.84 yuan, up 3.36% for the day. Alibaba-W (09988.HK) +2.200 (+2.037%): short selling $1.46B; ratio 24.272%, up 2.04%. Tencent (00700.HK) -9.400 (-2.002%): short selling $1.24B; ratio 14.323%. And NetEase (09999.HK) -5.800 (-2.728%): short selling $340 million; ratio 35.948%, down more than 2%.
In recent days, multiple stocks were affected by lock-up expiries with share placements. MINIMAX-W (00100.HK) -28.800 (-9.684%): short selling $357 million; ratio 15.074%. The company raised more than 16 billion yuan via a placement and the issuance of zero-coupon secured convertible bonds; the share price fell 9.68% for the day. ZhiPu (02513.HK) -392.000 (-19.291%): short selling $483 million; ratio 6.251%, plunging 19.29%. The company offered a placement at a 13% discount, net raising more than 31.37 billion yuan. TianShu ZhiNeng (09903.HK) -110.800 (-18.685%): short selling $393 million; ratio 16.927%. The placement at a 15% discount net raised more than 7 billion yuan, and the share price tumbled 18.68%. Zhaoyi Innovation (03986.HK) -198.000 (-21.053%): short selling $128 million; ratio 2.958%. A lock-up of cornerstone investor shares expired on July 13, and the share price also dropped 21.05%.
Among blue chips, CATL (03750.HK) -50.500 (-7.922%): short selling $263 million; ratio 31.671%. The stock was under pressure, closing down nearly 8%, the worst-performing blue chip of the day. Lenovo Group (00992.HK) +0.440 (+1.830%): short selling $761 million; ratio 28.183%, up 1.83%. CK Hutchison (00001.HK) +4.900 (+7.527%): short selling $141 million; ratio 32.356%, the best performer, closing up 7.53%. In news, UBS raised its target price on CK Hutchison by 19% to 101 yuan, saying that if CK Hutchison does not further sell assets, it would support the distribution of higher dividends.
Chip stocks fell against the trend. SMIC (00981.HK) -3.900 (-4.668%): short selling $1.43 billion; ratio 18.993%, closing down 4.67%. Hua Hong Grace (01347.HK) -16.300 (-8.077%): short selling $1.28B; ratio 19.127%, down 8.08%. Ranken Technology (06809.HK) -33.400 (-8.702%): short selling $118 million; ratio 7.869%, also down 8.7%. Southern 2x long Micron (07709.HK) -6.600 (-6.875%): short selling $2.88B; ratio 48.249%, down 6.87%. Southern 2x long Samsung (07747.HK) -1.250 (-1.108%): short selling $186 million; ratio 22.398%, down 1.11%.
Pharmaceutical stocks were stronger. WuXi AppTec (02359.HK) +6.100 (+4.094%): short selling $238 million; ratio 40.125%, closing up 4.09%. China Biopharmaceutical (01177.HK) +0.190 (+3.800%): short selling $133 million; ratio 24.787%. And CSPC Pharmaceutical (01093.HK) +0.270 (+3.444%): short selling $275 million; ratio 31.226%, up more than 3%.
Automobile stocks rose. Geely Auto (00175.HK) +0.510 (+2.813%): short selling $72.1 million; ratio 20.586%. And BYD (01211.HK) +2.250 (+2.722%): short selling $184 million; ratio 23.139%, up more than 2%.
(mn/u)(HK stock quotes delayed by at least fifteen minutes. Short selling data as of 2026-07-10 12:25.)