<div id="readability-page-1" class="page"><div>The US Federal Reserve kept interest rates unchanged as expected, while the DJIA fell 280 pts, or 0.6%, overnight. In Hong Kong, the HSI opened down 103 pts, slipped below the 26,000 level, and once dropped 376 pts to an intraday trough of 25,735 pts. It closed at 25,789 pts at midday, down 322 pts or 1.2%. The HSCEI fell 112 pts or 1.3% to 8,693 pts. The HSTECH declined 48 pts or nearly 1% to 4,862 pts. Total market turnover amounted to HKD156.585 billion.Among mainland insurers, CHINA LIFE (02628.HK) +1.340 (+4.891%) Short selling $497.98M; Ratio 30.304% rose nearly 5% by midday. Its 1Q net profit fell 32.3%. CLSA said its net profit was largely in line with expectations, while M Stanley and JPM noted strong growth in new business value.For mainland banks, CCB (00939.HK) -0.140 (-1.557%) Short selling $1.28B; Ratio 37.462% reported a 3.5% YoY rise in 1Q net profit, but its shares fell 1.6%. BANKCOMM (03328.HK) -0.220 (-2.993%) Short selling $105.25M; Ratio 33.387% posted a 3.1% increase in 1Q net profit, with its stock down nearly 3%. BANK OF CHINA (03988.HK) -0.080 (-1.544%) Short selling $523.78M; Ratio 39.575% recorded a 4.2% YoY growth in 1Q net profit, while ICBC (01398.HK) -0.140 (-1.939%) Short selling $1.04B; Ratio 37.066% reported a 3.3% increase. Their shares fell 1.5% and 1.9%, respectively. ABC (01288.HK) -0.070 (-1.135%) Short selling $277.41M; Ratio 31.485% posted a 4.5% rise in 1Q net profit, while its shares slipped 1.1%.In April, mainland authorities approved 154 domestic and imported online games. TENCENT (00700.HK) -14.400 (-3.005%) Short selling $1.13B; Ratio 12.222% fell 3%, while NTES-S (09999.HK) +3.900 (+2.229%) Short selling $233.24M; Ratio 22.760% rose 2.2%. Among other tech stocks, BABA-W (09988.HK) -4.200 (-3.216%) Short selling $1.30B; Ratio 16.840% declined 3.2%. KUAISHOU-W (01024.HK) -0.840 (-1.930%) Short selling $517.34M; Ratio 31.772% , JD-SW (09618.HK) -1.500 (-1.277%) Short selling $445.64M; Ratio 50.685% , BIDU-SW (09888.HK) -1.900 (-1.585%) Short selling $620.60M; Ratio 24.562% and MEITUAN-W (03690.HK) -0.600 (-0.722%) Short selling $925.95M; Ratio 24.392% each fell between 0.7% and 1.9%.AI chipmaker CAMBRICON (688256.SH) +244.700 (+17.273%) opened higher and extended gains, surging 17.3% at midday to a record high, with its 1Q net profit soaring 185.04% YoY. Among chip stocks, SMIC (00981.HK) +4.200 (+6.383%) Short selling $667.86M; Ratio 15.686% jumped 6.4%, making it the best-performing blue chip. HUA HONG SEMI (01347.HK) +4.200 (+3.885%) Short selling $349.18M; Ratio 9.069% also rose 3.9%.International oil prices advanced. CNOOC (00883.HK) +0.060 (+0.204%) Short selling $711.24M; Ratio 18.539% edged up 0.2%. PETROCHINA (00857.HK) +0.220 (+1.836%) Short selling $691.28M; Ratio 34.480% reported a 1.9% YoY rise in quarterly profit, with its shares up 1.8% at midday. SINOPEC CORP (00386.HK) -0.060 (-1.277%) Short selling $482.76M; Ratio 34.014% fell 1.3%.Among auto stocks, GEELY AUTO (00175.HK) -0.100 (-0.448%) Short selling $492.08M; Ratio 20.952% slipped 0.4%. BYD COMPANY (01211.HK) -4.600 (-4.247%) Short selling $1.90B; Ratio 38.638% dropped 4.3%. XIAOMI-W (01810.HK) -1.120 (-3.716%) Short selling $1.98B; Ratio 39.282% , LI AUTO-W (02015.HK) -1.200 (-1.733%) Short selling $307.30M; Ratio 35.551% , NIO-SW (09866.HK) -2.660 (-5.067%) Short selling $113.22M; Ratio 23.839% and XPENG-W (09868.HK) -1.100 (-1.760%) Short selling $212.83M; Ratio 23.122% fell between 1.7% and 5.1%.HSBC HOLDINGS (00005.HK) -1.000 (-0.709%) Short selling $450.95M; Ratio 26.747% was reported to be participating in a USD40 billion syndicated loan arranged by SoftBank, with its shares down 0.7% at midday. HKEX (00388.HK) -4.200 (-1.000%) Short selling $483.95M; Ratio 18.285% fell 1%. AIA (01299.HK) -0.200 (-0.235%) Short selling $850.14M; Ratio 30.123% posted 1Q new business value of USD1.757 billion, beating expectations, but its shares edged down 0.2%. BOC HONG KONG (02388.HK) +0.940 (+2.132%) Short selling $132.53M; Ratio 37.024% reported a 0.7% decline in 1Q net operating income before impairment allowances, while its shares rose 2.1% at midday.Elsewhere, CHINA OVERSEAS (00688.HK) -0.160 (-1.199%) Short selling $220.16M; Ratio 26.716% posted 1Q operating profit of RMB4.11 billion, down 27.5%, with its shares falling 1.2%. CITIC (00267.HK) -0.160 (-1.221%) Short selling $109.48M; Ratio 26.268% declined 1.2%. YOFC (06869.HK) -27.400 (-11.872%) Short selling $399.43M; Ratio 9.711% slumped over 11% after results, despite a nearly 2.3x increase in 1Q net profit. POP MART (09992.HK) -1.700 (-1.084%) Short selling $526.78M; Ratio 21.030% fell 1.1% amid reports that its March sales in the US dropped 45% YoY. CHINAHONGQIAO (01378.HK) -1.540 (-4.492%) Short selling $681.13M; Ratio 42.654% slid 4.5%, making it the worst-performing blue chip.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></div>

688981

601628

00HSI

02628

03037

513600

03115

07500

The HSI fell 322 points to 25,789 at midday, influenced by a 280-point drop in the DJIA. CHINA LIFE rose nearly 5% despite a 32.3% drop in 1Q net profit, while SMIC surged over 6%. Other major stocks like CCB and BANKCOMM reported profit increases but saw share declines. Tech stocks faced mixed results, with TENCENT down 3% and NTES up 2.2%. International oil prices rose, benefiting PETROCHINA, while auto stocks like BYD and NIO experienced significant drops. HSBC is involved in a USD40 billion loan arranged by SoftBank, with its shares down 0.7%.

HSI Down 322 pts at Half Day; CHINA LIFE Up Nearly 5%; SMIC Surges Over 6%