M Stanley: Alibaba (BABA.US) Surpasses TENCENT (00700.HK) as Preferred Choice, Excelling in Complete AI Stack with In-House Chips
AI Stack Advantage: Morgan Stanley's report highlights that possessing a full AI stack significantly increases the chances of success in the AI sector, with self-developed chips reducing competition and regulatory risks.
Alibaba's Position: The broker upgraded Alibaba to its top pick, citing its strong AI capabilities, including top-tier self-developed chips and being a leading cloud infrastructure provider, positioning it as a global AI winner.
Tencent's Potential: Although Tencent is currently lagging behind, it benefits from the WeChat ecosystem, which may allow it to catch up quickly in the AI space.
Baidu's Challenges: Baidu faces higher risks of AI disruption in its core search business, despite having local chip competitor Kunlunxin in the market.
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HKD4.7B Net Inflow to TRACKER FUND from Southbound Trading
Southbound Trading Inflows: TRACKER FUND (02800.HK) saw significant net inflows of HKD4.7 billion, while CNOOC (00883.HK) and SMIC (00981.HK) also experienced positive trading activity.
Southbound Trading Outflows: TENCENT (00700.HK) and BABA-W (09988.HK) faced notable net outflows of HKD479.7 million and HKD429.4 million, respectively, with high short selling ratios.
Trading Activity Overview: TRACKER FUND was the most active stock in both Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, while TENCENT and BABA-W had the highest net outflows in their respective categories.
Market Summary: Overall, Southbound Trading net outflow totaled HKD0, accounting for 46.85% of the total transaction amount of HKD113.47 billion.
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.
HKD4.7B Net Inflow to TRACKER FUND from Southbound Trading
Southbound Trading Inflows: TRACKER FUND (02800.HK) saw significant net inflows of HKD4.7 billion, while CNOOC (00883.HK) and SMIC (00981.HK) also experienced positive trading activity.
Southbound Trading Outflows: TENCENT (00700.HK) and BABA-W (09988.HK) faced notable net outflows of HKD479.7 million and HKD429.4 million, respectively, with high short selling ratios.
Trading Activity Overview: TRACKER FUND was the most active stock in both Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, while TENCENT and BABA-W had the highest net outflows in their respective categories.
Market Summary: Overall, Southbound Trading net outflow totaled HKD0, accounting for 46.85% of the total transaction amount of HKD113.47 billion.
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.
