HSI Opens Down 123 pts; 2 Oils Hike Against Mkt; LEAPMOTOR Slumps 3%+ Post-Results

All three major US stock indices closed down more than 1% last Friday (15), with techs being squeezed amid an upsurge in US long-term Treasury yields. The DJIA closed at 49,526, down 537 points or 1.1%. The Nasdaq and the S&P 500 dipped 1.5% and 1.2%, respectively. US President Donald Trump warned that Iran should act quickly or risk ending up with nothing, lifting oil prices this morning (18th) and weighing notably on Asia-Pacific equities.The HSI opened down 123 points or 0.48% at 25,838. The HSTECH opened down 43 points or 0.88% at 4,897. The HSCEI opened down 43 points or 0.5% at 8,647.Market heavyweights generally opened lower. TENCENT (00700.HK) -1.600 (-0.351%) Short selling $1.56B; Ratio 12.851% opened at HKD455, down 0.31%. MEITUAN-W (03690.HK) -1.000 (-1.209%) Short selling $888.09M; Ratio 25.992% opened at HKD82.2, down 0.61%. BABA-W (09988.HK) -1.700 (-1.285%) Short selling $1.91B; Ratio 15.870% opened at HKD130.4, down 1.44%. BIDU-SW (09888.HK) +0.400 (+0.295%) Short selling $308.75M; Ratio 20.210% announced results today, opening at HKD135.3, down 0.37%. KUAISHOU-W (01024.HK) -1.000 (-2.027%) Short selling $238.21M; Ratio 9.509% opened down 2.35% at HKD48.18. JD-SW (09618.HK) -2.400 (-1.876%) Short selling $300.40M; Ratio 20.530% opened down 2.82% at HKD124.3.The two oils opened higher against the broader market. CNOOC (00883.HK) +0.500 (+1.893%) Short selling $289.12M; Ratio 18.129% opened up 1.82% at HKD26.9. PETROCHINA (00857.HK) +0.060 (+0.551%) Short selling $312.57M; Ratio 33.468% rose 1.47% to HKD11.05. LEAPMOTOR (09863.HK) -3.540 (-7.828%) Short selling $85.41M; Ratio 15.878% reported an expanded 1Q loss of RMB390 million and opened at HKD43.76, down 3.23%. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)