<div id="readability-page-1"><div>Hong Kong bourse escalated on semiconductor shares. The HSI opened down 181 pts, and once plunged 275 pts to bottom at 25,639, before rebounding to peak at 26,004, up 89 pts in the afternoon. The index closed at 25,978, up 62 pts or 0.2%. The HSCEI closed at 8,775, up 42 pts or 0.5%. The HSTECH closed at 4,902, up 36 pts or 0.8%. Total market turnover for the day amounted to HKD236.723 billion.Following the release of the V4 preview version by DeepSeek, chip stocks swelled. SMIC (00981.HK) +5.850 (+10.009%) Short selling $1.50B; Ratio 12.049% and HUA HONG SEMI (01347.HK) +14.250 (+15.184%) Short selling $1.08B; Ratio 12.724% rallied 10% and 15.2%, respectively, while ILUVATAR COREX (09903.HK) +39.800 (+9.540%) Short selling $46.81M; Ratio 6.894% and NOVOSENSE (02676.HK) +12.800 (+9.001%) shot up 9.5% and 9%. BIREN TECH (06082.HK) +1.800 (+4.045%) Short selling $17.59M; Ratio 3.582% and GPIXEL (03277.HK) +3.950 (+4.892%) mounted 4% and 4.9%. Server maker LENOVO GROUP (00992.HK) +0.360 (+3.093%) Short selling $563.10M; Ratio 29.929% advanced 3.1%. Chip equipment stock ASMPT (00522.HK) +10.700 (+6.926%) Short selling $57.01M; Ratio 6.235% surged 6.9% in line with gains in overseas chipmakers. Cloud service provider KINGSOFT CLOUD (03896.HK) -0.410 (-4.556%) Short selling $45.60M; Ratio 4.794% slid 4.6%, while GDS-SW (09698.HK) +1.380 (+3.230%) Short selling $87.43M; Ratio 30.841% soared 3.2%.AI-related stocks KNOWLEDGE ATLAS (02513.HK) -93.000 (-9.047%) Short selling $606.11M; Ratio 20.478% and MINIMAX-W (00100.HK) -81.000 (-9.435%) Short selling $714.77M; Ratio 35.231% plummeted 9% and 9.4%, respectively. MANYCORE TECH (00068.HK) -1.900 (-6.254%) shrank 6.3%. TENCENT (00700.HK) -1.800 (-0.363%) Short selling $1.48B; Ratio 16.230% launched and open-sourced its Hunyuan Hy3 preview version, with shares slipping 0.4% to HKD493.4. XIAOMI-W (01810.HK) +0.020 (+0.064%) Short selling $773.07M; Ratio 32.185% also released and open-sourced two MiMo-V2.5 large language models, closing up 0.1%.Among other tech names, BABA-W (09988.HK) +1.400 (+1.074%) Short selling $1.39B; Ratio 16.756% and BIDU-SW (09888.HK) +0.900 (+0.747%) Short selling $477.94M; Ratio 42.915% hiked 1.1% and 0.7%, respectively. MEITUAN-W (03690.HK) -0.650 (-0.782%) Short selling $990.17M; Ratio 33.280% , KUAISHOU-W (01024.HK) -0.440 (-0.997%) Short selling $556.88M; Ratio 34.049% and NTES-S (09999.HK) -1.500 (-0.870%) Short selling $165.35M; Ratio 16.491% dipped 0.8-1%. BILIBILI-W (09626.HK) -3.200 (-1.802%) Short selling $108.01M; Ratio 24.737% dropped 1.8%. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-24 16:25.)</div></div>

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The Hong Kong stock market saw a rebound, with the HSI closing up 62 points at 25,978. Semiconductor shares surged, particularly SMIC, which jumped 10%, and HUA HONG SEMI, which rose 15.2%. Total market turnover reached HKD236.723 billion. Other tech stocks had mixed performances, with some AI-related stocks declining significantly. Notably, Tencent's shares slipped 0.4% after launching its Hunyuan Hy3 preview version. Overall, the market showed resilience amid fluctuations in various sectors.

HSI Ends Up 62 pts; Chips Leap; SMIC Jumps Up 10%