HSI Falls 202 Points on Settlement Day, While Chip Stocks Rise; MEITUAN-W Crashes Over 12%
Market Overview: Hong Kong stocks fell on the settlement date, with the HSI dropping 202 points (0.8%) to close at 24,998, while total market turnover reached a high of $391.488 billion.
Stock Performance: MEITUAN-W saw a significant decline of 12.6% due to an 82% drop in quarterly non-IFRS adjusted EBITDA, while JD-SW and BABA-W also experienced losses of 5% and 4.7%, respectively.
Tech Stocks Surge: SMIC and HUA HONG SEMI rose by 10.8% and 8.4%, respectively, amid news of China's plans to increase AI chip production, while auto chip stock HORIZONROBOT-W surged by 14.7%.
Other Notable Movements: Various tech stocks showed mixed results, with TENCENT and BIDU-SW declining slightly, while KINGSOFT CLOUD and Q TECH gained 4.7% and 4.2%.
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Short Selling Activity Reaches $46.9B, Representing 30.5% of Total Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $46.9 billion, accounting for 30.5% of the eligible securities turnover, a significant increase from 17.2% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include TRACKER FUND (02800.HK) at $8.64 billion (77.3% ratio), CSOP HS TECH (03033.HK) at $1.88 billion (51.4% ratio), TENCENT (00700.HK) at $1.77 billion (22.3% ratio), BABA-W (09988.HK) at $1.58 billion (27.5% ratio), and HSCEI ETF (02828.HK) at $1.36 billion (31.3% ratio).
Market Performance: The TRACKER FUND experienced a slight decrease of 0.230%, while other stocks like TENCENT and BABA-W also saw declines in their share prices.
Data Delay Notice: It is noted that the stock quotes for HK are delayed by at least 15 minutes, and the short selling data is as of March 12, 2026, at 16:25.
HSI Closes Down 182 Points, While Energy and Aluminum Stocks Rise; AI Stocks Decline
Market Performance: The HSI fell by 182 points (0.7%) to close at 25,716, with total market turnover at $242.18 billion. The HSCEI and HSTECH also experienced slight declines.
Stock Highlights: KUNLUN ENERGY and CNOOC saw gains of 2.4% and 3.7% respectively, while coal stocks YANKUANG ENERGY and CHINA COAL surged by 8.3% and 4.9%.
Sector Movements: New energy stocks like DATANG RENEW and GOLDWIND rose by 8.2% and 7.2%, while traditional power utility DATANG POWER increased by 5.1%.
Tech Sector Trends: Major tech stocks like TENCENT and BABA-W declined, with TENCENT dropping 0.996%. In contrast, JD-SW gained 0.8%, while AI stocks faced significant losses, with KNOWLEDGE ATLAS plunging 8.9%.
<Research>UBS Reveals Top Choices for Chinese Investors (Table)
UBS Report Findings: UBS identified JD-SW and BIDU-SW as preferred stocks for Chinese investors, both rated as Buy, while Alibaba was removed from the list.
Stock Performance: JD-SW saw a gain of +0.900 (+0.829%) with significant short selling, while BIDU-SW experienced a decline of -1.400 (-1.149%).
Short Selling Data: Notable short selling figures include Tencent at $1.77B and JD-SW at $277.62M, indicating high investor caution.
Market Overview: The report includes various stocks with their respective performance and target prices, highlighting a mix of gains and losses across different companies.
<Daily Summary> HSI Ends at 25,716, Dropping 182 Points; HSTI Finishes at 5,027, Down 27 Points; CSPC PHARMA Falls by More than 4%; CNOOC, CHINA SHENHUA, CHINA RISUN GP, QINGSONG HEALTH, and 160 HEALTH Reach New Peaks; Market Trading Volume Increases
Market Performance: The Hang Seng Index (HSI) fell by 182 points (0.7%) to close at 25,716, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Major stocks like Alibaba, Tencent, and Meituan saw slight declines, with Alibaba closing at $131.6 (-1.2%) and Tencent at $546.5 (-1%).
Notable Movers: Xpeng and JD Logistics were among the gainers, with Xpeng rising 4.4% to $78.45, while CSPC Pharma and Nongfu Spring faced significant losses, dropping 4.5% and 4.4%, respectively.
Short Selling Trends: High short selling ratios were observed in several stocks, including Meituan (46.5%) and Nongfu Spring (53.8%), indicating increased bearish sentiment among investors.
Short Selling Activity Reaches $21.1B, Representing 19.9% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $21.1 billion at midday, accounting for 19.9% of the eligible securities turnover, an increase from 17.2% on the previous trading day.
Top Short Selling Shares: The top five shares with the highest short selling amounts include TRACKER FUND, TENCENT, CSOP HS TECH, BABA-W, and CNOOC, with varying short selling ratios and turnover amounts.
TRACKER FUND Performance: TRACKER FUND (02800.HK) had the highest short selling amount at $1.43 billion, with a short selling ratio of 22.1%.
CSOP HS TECH Highlights: CSOP HS TECH (03033.HK) recorded the highest short selling ratio at 32.7%, with a turnover of $760.4 million.
HSI Drops 318 Points at Noon; Energy Stocks Surge; Developers Under Pressure
Market Performance: The HSI fell by 1.2% to 25,579 points, with significant losses in the HSCEI and HSTECH, while total market turnover reached HKD131.003 billion.
Sector Highlights: Oil stocks like PETROCHINA and CNOOC saw gains of 2.4% and 3.4%, respectively, while coal stocks also performed well, with YANKUANG ENERGY rising by 8.5%.
Inflation Impact: Inflation concerns negatively affected real estate and utility stocks, with major companies like HENDERSON LAND and SHK PPT experiencing declines of over 3%.
Tech Sector Trends: Major tech stocks such as TENCENT and BABA-W faced losses, with TENCENT dropping 1.1% and BABA-W falling 2.3%, while JD-SW managed a slight increase of 0.2%.
Short Selling Activity Reaches $46.9B, Representing 30.5% of Total Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $46.9 billion, accounting for 30.5% of the eligible securities turnover, a significant increase from 17.2% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include TRACKER FUND (02800.HK) at $8.64 billion (77.3% ratio), CSOP HS TECH (03033.HK) at $1.88 billion (51.4% ratio), TENCENT (00700.HK) at $1.77 billion (22.3% ratio), BABA-W (09988.HK) at $1.58 billion (27.5% ratio), and HSCEI ETF (02828.HK) at $1.36 billion (31.3% ratio).
Market Performance: The TRACKER FUND experienced a slight decrease of 0.230%, while other stocks like TENCENT and BABA-W also saw declines in their share prices.
Data Delay Notice: It is noted that the stock quotes for HK are delayed by at least 15 minutes, and the short selling data is as of March 12, 2026, at 16:25.
HSI Closes Down 182 Points, While Energy and Aluminum Stocks Rise; AI Stocks Decline
Market Performance: The HSI fell by 182 points (0.7%) to close at 25,716, with total market turnover at $242.18 billion. The HSCEI and HSTECH also experienced slight declines.
Stock Highlights: KUNLUN ENERGY and CNOOC saw gains of 2.4% and 3.7% respectively, while coal stocks YANKUANG ENERGY and CHINA COAL surged by 8.3% and 4.9%.
Sector Movements: New energy stocks like DATANG RENEW and GOLDWIND rose by 8.2% and 7.2%, while traditional power utility DATANG POWER increased by 5.1%.
Tech Sector Trends: Major tech stocks like TENCENT and BABA-W declined, with TENCENT dropping 0.996%. In contrast, JD-SW gained 0.8%, while AI stocks faced significant losses, with KNOWLEDGE ATLAS plunging 8.9%.
<Research>UBS Reveals Top Choices for Chinese Investors (Table)
UBS Report Findings: UBS identified JD-SW and BIDU-SW as preferred stocks for Chinese investors, both rated as Buy, while Alibaba was removed from the list.
Stock Performance: JD-SW saw a gain of +0.900 (+0.829%) with significant short selling, while BIDU-SW experienced a decline of -1.400 (-1.149%).
Short Selling Data: Notable short selling figures include Tencent at $1.77B and JD-SW at $277.62M, indicating high investor caution.
Market Overview: The report includes various stocks with their respective performance and target prices, highlighting a mix of gains and losses across different companies.
<Daily Summary> HSI Ends at 25,716, Dropping 182 Points; HSTI Finishes at 5,027, Down 27 Points; CSPC PHARMA Falls by More than 4%; CNOOC, CHINA SHENHUA, CHINA RISUN GP, QINGSONG HEALTH, and 160 HEALTH Reach New Peaks; Market Trading Volume Increases
Market Performance: The Hang Seng Index (HSI) fell by 182 points (0.7%) to close at 25,716, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Major stocks like Alibaba, Tencent, and Meituan saw slight declines, with Alibaba closing at $131.6 (-1.2%) and Tencent at $546.5 (-1%).
Notable Movers: Xpeng and JD Logistics were among the gainers, with Xpeng rising 4.4% to $78.45, while CSPC Pharma and Nongfu Spring faced significant losses, dropping 4.5% and 4.4%, respectively.
Short Selling Trends: High short selling ratios were observed in several stocks, including Meituan (46.5%) and Nongfu Spring (53.8%), indicating increased bearish sentiment among investors.
Short Selling Activity Reaches $21.1B, Representing 19.9% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $21.1 billion at midday, accounting for 19.9% of the eligible securities turnover, an increase from 17.2% on the previous trading day.
Top Short Selling Shares: The top five shares with the highest short selling amounts include TRACKER FUND, TENCENT, CSOP HS TECH, BABA-W, and CNOOC, with varying short selling ratios and turnover amounts.
TRACKER FUND Performance: TRACKER FUND (02800.HK) had the highest short selling amount at $1.43 billion, with a short selling ratio of 22.1%.
CSOP HS TECH Highlights: CSOP HS TECH (03033.HK) recorded the highest short selling ratio at 32.7%, with a turnover of $760.4 million.
HSI Drops 318 Points at Noon; Energy Stocks Surge; Developers Under Pressure
Market Performance: The HSI fell by 1.2% to 25,579 points, with significant losses in the HSCEI and HSTECH, while total market turnover reached HKD131.003 billion.
Sector Highlights: Oil stocks like PETROCHINA and CNOOC saw gains of 2.4% and 3.4%, respectively, while coal stocks also performed well, with YANKUANG ENERGY rising by 8.5%.
Inflation Impact: Inflation concerns negatively affected real estate and utility stocks, with major companies like HENDERSON LAND and SHK PPT experiencing declines of over 3%.
Tech Sector Trends: Major tech stocks such as TENCENT and BABA-W faced losses, with TENCENT dropping 1.1% and BABA-W falling 2.3%, while JD-SW managed a slight increase of 0.2%.
