<div id="readability-page-1"><div>Hong Kong equities were weak in the morning session. The HSI opened down 111 pts and traded within a narrow range, with a half-day swing of less than 170 pts. It closed at 25,752 at midday, down 173 pts or 0.7%. The HSCEI reported 8,673, down 82 pts or 0.9%. The HSTECH reported 4,879, down 60 pts or 1.2%. Total market turnover for the half day amounted to HKD131.191 billion.CATL (03750.HK) -46.500 (-6.884%) Short selling $3.18B; Ratio 50.151% placed shares at a 7% discount, raising net proceeds of over HKD39.1 billion, with its share price falling 6.9% to HKD629. WuXi AppTec (02359.HK) +18.800 (+14.921%) Short selling $359.03M; Ratio 16.228% reported a 72% YoY increase in 1Q adjusted non-IFRS net profit. Its shares surged 14.9% to HKD144.8 at midday, with CLSA noting the company delivered high-quality quarterly growth. Its affiliate WuXi Biologics (02269.HK) +0.800 (+2.404%) Short selling $134.57M; Ratio 14.277% rose 2.4%, while WuXi XDC (02268.HK) +2.300 (+3.966%) Short selling $19.15M; Ratio 7.804% gained 4%. China Hongqiao (01378.HK) -1.240 (-3.539%) Short selling $400.22M; Ratio 28.890% proposed issuing convertible bonds at a 25.3% premium to raise USD1.47 billion, and its shares fell 3.5%. Haier Smart Home (06690.HK) +0.560 (+2.685%) Short selling $86.20M; Ratio 22.817% posted a 15% decline in 1Q net profit, while its shares rose 2.7%.Among major stocks, Alibaba (09988.HK) -2.600 (-1.997%) Short selling $487.83M; Ratio 11.279% was approved by the Stock Exchange to spin off its Jiaxing Park for listing on the Shenzhen Stock Exchange. The stock fell 2% to HKD127.6. Tencent (00700.HK) -2.200 (-0.460%) Short selling $533.56M; Ratio 8.546% and Meituan (03690.HK) -1.000 (-1.222%) Short selling $279.89M; Ratio 22.943% slipped 0.5% and 1.2%, respectively, while Kuaishou (01024.HK) -1.160 (-2.658%) Short selling $256.91M; Ratio 27.858% dropped 2.7%. AIA (01299.HK) +0.450 (+0.541%) Short selling $235.02M; Ratio 25.601% and HSBC (00005.HK) +0.100 (+0.071%) Short selling $118.91M; Ratio 32.568% gained 0.5% and 0.1%, respectively, while HKEX (00388.HK) -1.800 (-0.437%) Short selling $104.67M; Ratio 13.224% edged down 0.4%. BYD (01211.HK) -1.200 (-1.132%) Short selling $436.78M; Ratio 39.785% launched pre-sales for the second-generation Denza D9 pure electric version. Its shares fell 1.1% ahead of quarterly results due later in the day.In AI-related stocks, Zhipu (02513.HK) -27.500 (-3.007%) Short selling $11.37M; Ratio 3.922% and Insilico Medicine (03696.HK) -3.250 (-4.935%) Short selling $17.96M; Ratio 18.873% fell 3% and 4.9%, respectively. MiniMax (00100.HK) +6.500 (+0.867%) Short selling $27.60M; Ratio 7.120% rose 0.9%, and Manycore (00068.HK) +2.080 (+8.469%) jumped 8.5%. Cloud service providers Kingsoft Cloud (03896.HK) -0.300 (-3.460%) Short selling $15.40M; Ratio 6.330% and GDS Holdings (09698.HK) -1.420 (-3.230%) Short selling $12.41M; Ratio 28.241% , as well as software firms Kingdee (00268.HK) -0.260 (-3.059%) Short selling $21.17M; Ratio 17.292% and ChinaSoft (00354.HK) -0.120 (-3.371%) Short selling $2.72M; Ratio 8.936% , each dropped more than 3%. Among chip stocks, SMIC (00981.HK) -0.900 (-1.319%) Short selling $431.05M; Ratio 15.285% retreated 1.3%, Hua Hong Semiconductor (01347.HK) +2.500 (+2.182%) Short selling $311.89M; Ratio 16.050% rose 2.2%, Biren Technology (06082.HK) +1.920 (+4.267%) Short selling $21.77M; Ratio 12.284% and Iluvatar CoreX (09903.HK) +14.800 (+3.573%) Short selling $40.42M; Ratio 21.188% gained 4.3% and 3.6%, respectively, Changguang Chenix (03277.HK) +6.200 (+7.664%) climbed 7.7%, and chip equipment maker ASMPT (00522.HK) +4.300 (+2.593%) Short selling $19.74M; Ratio 5.764% added 2.6%.Handset component makers Q Technology (01478.HK) -0.370 (-4.282%) Short selling $3.56M; Ratio 7.946% , AAC Technologies (02018.HK) -2.480 (-6.263%) Short selling $29.01M; Ratio 27.384% and Sunny Optical (02382.HK) -3.150 (-4.730%) Short selling $122.79M; Ratio 28.993% pulled back 4.3% to 6.3%. Optical fiber maker Cambridge Technology (06166.HK) -13.400 (-10.068%) plunged 10.1% as cornerstone investors lock-up period expired. Yangtze Optical Fibre and Cable (06869.HK) -4.400 (-1.863%) Short selling $164.17M; Ratio 17.828% fell 1.9%, while ZTE (00763.HK) -0.900 (-3.527%) Short selling $86.10M; Ratio 24.505% and FIT Hon Teng (06088.HK) -0.470 (-5.595%) Short selling $38.72M; Ratio 14.585% declined 3.5% and 5.6%, respectively. Other automakers generally retreated, with Xiaomi (01810.HK) -0.760 (-2.444%) Short selling $1.06B; Ratio 40.148% , Li Auto (02015.HK) -1.950 (-2.798%) Short selling $75.17M; Ratio 24.819% , Geely (00175.HK) -0.580 (-2.592%) Short selling $94.42M; Ratio 11.463% and Great Wall Motor (02333.HK) -0.330 (-2.651%) Short selling $36.75M; Ratio 26.048% each down more than 2%. BAIC Motor (01958.HK) -0.120 (-7.947%) Short selling $6.47M; Ratio 27.922% slumped 7.9% after reporting a 1Q net loss of RMB830 million. Autonomous driving stocks WeRide (00800.HK) -1.000 (-4.587%) Short selling $1.01M; Ratio 1.920% , Pony.ai (02026.HK) -2.700 (-3.222%) Short selling $1.98M; Ratio 25.265% and Horizon Robotics (09660.HK) -0.300 (-3.947%) Short selling $106.36M; Ratio 30.300% fell 3.2% to 4.6%.Brokerage stocks GF Securities (01776.HK) +0.750 (+4.414%) Short selling $27.77M; Ratio 11.290% , CITIC Securities (06030.HK) +1.000 (+3.690%) Short selling $29.93M; Ratio 12.497% and Huatai Securities (06886.HK) +0.610 (+3.858%) Short selling $29.17M; Ratio 27.505% rose 3.7% to 4.4%. Insurer China Life (02628.HK) -0.660 (-2.468%) Short selling $309.94M; Ratio 27.633% fell 2.5%. Kingboard Laminates (01888.HK) +2.780 (+8.379%) Short selling $129.07M; Ratio 10.006% jumped 8.4%, with half-day turnover of HKD1.29 billion. 361 Degrees (01361.HK) -1.350 (-19.509%) Short selling $65.11M; Ratio 7.899% conducted a top-up placing at a 10.7% discount, raising net proceeds of over HKD600 million, and its shares tumbled 19.5% to HKD5.57.Among IPOs, Xizhi Technology (01879.HK) +658.800 (+359.607%) closed at HKD842 at midday, 3.6x higher than its listing price of HKD183.2. (fc/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-28 12:25.)</div>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</div>

00HSI

Hong Kong equities experienced a decline in the morning session, with the HSI down 173 points (0.7%) at 25,752. CATL shares fell nearly 7% after a discounted share placement, while WuXi AppTec surged 15% following a strong quarterly profit report. Other notable movements included Alibaba's approval for a spin-off listing, and various tech stocks showing mixed performance. Overall, market turnover reached HKD131.191 billion, reflecting a cautious trading environment.

HSI Falls 173 pts at Midday; CATL Slumps Nearly 7%, WuXi AppTec Surges 15%