The HSI closed at 16,184 at midday, down 201 pts or 1.2%. The HSCEI fell 69 pts or 1.2% to 5,734. The HSTECH dipped 87 pts or 2.6%, to 3,269. Half-day turnover totaled $63.067 billion.Techs were squeezed. TENCENT (00700.HK) +4.000 (+1.110%) Short selling $666.58M; Ratio 12.512% faded 0.6%. After BABA-SW (09988.HK) +3.100 (+4.074%) Short selling $265.65M; Ratio 7.020% reduced its holdings in CLOUD MUSIC (09899.HK) +0.500 (+0.517%) Short selling $252.07K; Ratio 9.038% by 2.2 million shares off market, cashing in $192 million, the former and the latter sank 1.9% and 1.8%. MEITUAN-W (03690.HK) +0.600 (+0.504%) Short selling $740.85M; Ratio 20.694% dived 3.6%. BIDU-SW (09888.HK) +4.500 (+4.265%) Short selling $141.59M; Ratio 16.445% , BILIBILI-W (09626.HK) +7.400 (+6.909%) Short selling $73.53M; Ratio 22.129% , KUAISHOU-W (01024.HK) +3.000 (+5.068%) Short selling $359.31M; Ratio 24.758% and LENOVO GROUP (00992.HK) +0.080 (+0.880%) Short selling $32.44M; Ratio 14.566% dipped 0.6%-2.9%.Related NewsMacquarie Lifts MGM CHINA TP to $19.8; Positive Surprise on 1Q MarginSeparately, Lei Jun said Xiaomi SU7’s sales were 3-5 times above forecast, regardless, XIAOMI-W (01810.HK) +0.540 (+3.061%) Short selling $117.83M; Ratio 11.921% slid 4.4%. JD-SW (09618.HK) +6.600 (+5.482%) Short selling $267.60M; Ratio 15.827% fell 1.4%, after the group repurchased US$1.2 billion of shares in the first quarter, with the remaining balance of the repurchase plan amounting to US$2.5 billion. UBS expected JD to speed up the repurchase to unleash value. Automakers were in sell-off. LI AUTO-W (02015.HK) +3.400 (+3.160%) Short selling $66.49M; Ratio 11.917% tumbled 7.3%, being the worst performing blue chip. Morgan Stanley said Li L6 brought no surprise. XPENG-W (09868.HK) +1.650 (+4.832%) Short selling $97.68M; Ratio 29.978% plunged 6.2%. GEELY AUTO (00175.HK) +0.120 (+1.217%) Short selling $28.16M; Ratio 17.820% slipped 3.2%, while its intelligent electric drive passed the test of China Automotive Technology & Research Center. BYD COMPANY (01211.HK) +1.400 (+0.622%) Short selling $202.06M; Ratio 20.112% and NIO-SW (09866.HK) -0.250 (-0.579%) Short selling $28.04M; Ratio 26.849% sagged more than 2%, whereas LEAPMOTOR (09863.HK) +0.450 (+1.440%) Short selling $8.50M; Ratio 20.785% crated 7.1%.The three major oils bucked the local market to boom as the market kept eyes wide open on the intense situation in Iran, which shored up international oil prices. PETROCHINA (00857.HK) +0.010 (+0.141%) Short selling $29.75M; Ratio 7.262% , CNOOC (00883.HK) +0.100 (+0.495%) Short selling $45.64M; Ratio 12.345% and SINOPEC CORP (00386.HK) +0.060 (+1.299%) Short selling $9.57M; Ratio 7.820% gained 1.5%-2.5%. For handset component makers, SUNNY OPTICAL (02382.HK) +1.450 (+3.630%) Short selling $35.85M; Ratio 15.963% slumped 4.8%; AAC TECH (02018.HK) +0.050 (+0.198%) Short selling $16.85M; Ratio 27.728% nosedived 7.6%; BYD ELECTRONIC (00285.HK) +0.500 (+1.845%) Short selling $10.79M; Ratio 9.609% and Q TECH (01478.HK) +0.010 (+0.279%) Short selling $794.37K; Ratio 9.947% collapsed 4.9%-5.2%.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-03 12:25.)Related NewsM Stanley Assumes 70-80% Chance for Li Auto (LI.US) Shr Price to Rise in 15 Days