<div id="readability-page-1"><div>Hopes for a US-Iran agreement lifted US stock futures, supporting Hong Kong equities in early trading. The HSI opened up 131 pts and extended gains to as much as 311 pts, once reaching 26,210. At midday, the HSI rose 205 pts or 0.8% to 26,104; the HSCEI gained 44 pts or 0.5% to 8,775; and the HSTECH advanced 65 pts or 1.3% to 4,994. Half-day turnover totaled HKD165.873 billion.Overseas chip stocks rallied strongly, with CAMBRICON (688256.SH) +202.700 (+11.924%) surging 13.8%. Related Hong Kong names also climbed. BABA-W (09988.HK) +5.200 (+3.963%) Short selling $1.89B; Ratio 20.609% and BIDU-SW (09888.HK) +5.400 (+4.306%) Short selling $495.95M; Ratio 47.077% rose 4% and 4.3%, respectively. SMIC (00981.HK) +6.650 (+9.393%) Short selling $1.47B; Ratio 12.506% and HUA HONG SEMI (01347.HK) +15.000 (+12.605%) Short selling $526.67M; Ratio 14.742% jumped 9.4% and 12.6%. GIGADEVICE (03986.HK) +79.000 (+16.953%) and ILUVATAR COREX (09903.HK) +69.000 (+12.388%) Short selling $170.68M; Ratio 22.633% soared 17% and 12.4%, while BIREN TECH (06082.HK) +2.460 (+5.234%) Short selling $18.98M; Ratio 6.507% gained 5.2%. Chip equipment maker ASMPT (00522.HK) +8.300 (+5.083%) Short selling $42.68M; Ratio 9.083% added 5.1%. PCB material supplier KB LAMINATES (01888.HK) +2.780 (+7.722%) Short selling $205.31M; Ratio 15.415% rose 7.7%, and KINGBOARD HLDG (00148.HK) +2.360 (+5.263%) Short selling $30.25M; Ratio 6.916% gained 5.3%. Cloud service providers KINGSOFT CLOUD (03896.HK) +0.500 (+6.386%) Short selling $21.25M; Ratio 4.028% and GDS-SW (09698.HK) +2.480 (+5.905%) Short selling $77.44M; Ratio 46.013% increased 6.4% and 5.9%.AI-related stocks were mixed. KNOWLEDGE ATLAS (02513.HK) -25.500 (-2.773%) Short selling $17.27M; Ratio 5.025% and INSILICO (03696.HK) -1.800 (-2.889%) Short selling $24.28M; Ratio 23.414% fell 2.8% and 2.9%, MINIMAX-W (00100.HK) -12.500 (-1.597%) Short selling $14.22M; Ratio 4.097% declined 1.6%, and MANYCORE TECH (00068.HK) -0.980 (-3.971%) dropped 4%. MEITU (01357.HK) +0.670 (+15.990%) Short selling $87.74M; Ratio 11.439% reported a 30% YoY increase in 1QYY paying subscribers and a 56% rise in ARR for its AI productivity applications, with its share price surging 16%.Among other tech names, TENCENT (00700.HK) -6.400 (-1.355%) Short selling $624.75M; Ratio 7.534% and MEITUAN-W (03690.HK) -0.750 (-0.898%) Short selling $301.26M; Ratio 20.400% slipped 1.4% and 0.9%, while KUAISHOU-W (01024.HK) +0.740 (+1.675%) Short selling $245.07M; Ratio 17.329% and NEW ORIENTAL-S (09901.HK) +1.600 (+3.810%) Short selling $28.66M; Ratio 45.174% gained 1.7% and 3.9%. In handset-related stocks, LENS (06613.HK) +1.190 (+6.988%) Short selling $10.47M; Ratio 3.372% rose 7%, while COWELL (01415.HK) -1.400 (-4.250%) Short selling $12.46M; Ratio 8.878% and AAC TECH (02018.HK) -1.500 (-3.817%) Short selling $12.83M; Ratio 11.394% fell 4.3% and 3.8%. Optical fiber maker YOFC (06869.HK) -10.800 (-4.783%) Short selling $288.67M; Ratio 7.469% retreated 4.8% after US optical component leader Lumentum pulled back following its quarterly results.Auto stocks weakened. BYD COMPANY (01211.HK) -2.150 (-2.129%) Short selling $640.30M; Ratio 38.218% fell 2.1%, while LI AUTO-W (02015.HK) -2.150 (-3.087%) Short selling $142.99M; Ratio 47.618% , NIO-SW (09866.HK) -1.500 (-3.143%) Short selling $35.09M; Ratio 38.660% and XPENG-W (09868.HK) -1.950 (-3.108%) Short selling $110.70M; Ratio 37.436% each dropped 3.1%. XIAOMI gained 1.4%. Battery maker TIANNENG POWER (00819.HK) -0.570 (-8.520%) Short selling $11.20M; Ratio 10.978% slid 8.5%, and CATL (03750.HK) -0.500 (-0.076%) Short selling $732.47M; Ratio 23.324% edged down 0.1%. Pharmaceutical stocks were under pressure, with 3SBIO (01530.HK) -1.000 (-4.484%) Short selling $44.36M; Ratio 9.771% and INNOVENT BIO (01801.HK) -3.300 (-3.587%) Short selling $176.34M; Ratio 23.421% down 4.5% and 3.6%, CSPC PHARMA (01093.HK) -0.240 (-2.857%) Short selling $52.19M; Ratio 17.482% and WUXI XDC (02268.HK) -1.650 (-2.852%) Short selling $23.19M; Ratio 16.583% off 2.9%, while GENSCRIPT BIO (01548.HK) +0.600 (+4.422%) Short selling $22.61M; Ratio 15.357% rose 4.4%. Consumer plays were generally soft, as MIXUE GROUP (02097.HK) -8.200 (-2.797%) Short selling $2.37M; Ratio 3.752% , MNSO (09896.HK) -0.740 (-2.569%) Short selling $3.15M; Ratio 6.522% , CHINA RES BEER (00291.HK) -0.780 (-2.928%) Short selling $10.70M; Ratio 10.212% and BUD APAC (01876.HK) -0.170 (-2.091%) Short selling $21.96M; Ratio 29.738% fell over 2%, and POP MART (09992.HK) -2.800 (-1.759%) Short selling $237.02M; Ratio 19.833% declined 1.8%. TONGCHENGTRAVEL (00780.HK) -0.480 (-2.762%) Short selling $14.96M; Ratio 21.508% and CTG DUTY-FREE (01880.HK) -1.650 (-2.734%) Short selling $21.62M; Ratio 16.555% dropped 2.8% and 2.7%.Banking stocks advanced, with HSBC HOLDINGS (00005.HK) +2.500 (+1.838%) Short selling $401.25M; Ratio 24.109% , BOC HONG KONG (02388.HK) +0.740 (+1.658%) Short selling $17.62M; Ratio 9.872% and STANCHART (02888.HK) +4.000 (+2.081%) Short selling $4.13M; Ratio 6.677% up between 1.7% and 2.1%. HKEX (00388.HK) +2.000 (+0.478%) Short selling $74.83M; Ratio 11.205% and AIA (01299.HK) +0.100 (+0.116%) Short selling $292.81M; Ratio 26.431% gained 0.5% and 0.1%. Local property developers strengthened, as HENDERSON LAND (00012.HK) +1.380 (+4.236%) Short selling $137.90M; Ratio 35.982% rose 4.2%, SHK PPT (00016.HK) +4.300 (+3.102%) Short selling $98.42M; Ratio 32.491% and CK ASSET (01113.HK) +1.300 (+2.610%) Short selling $24.02M; Ratio 11.949% added 3.1% and 2.6%. NEW WORLD DEV (00017.HK) +0.270 (+3.068%) Short selling $10.78M; Ratio 13.595% clarified that it has not entered into any discloseable agreement regarding the disposal of hotel assets, yet its shares still rose 3.1%. CKH HOLDINGS (00001.HK) +1.950 (+2.868%) Short selling $142.62M; Ratio 18.074% climbed 2.9%. CNOOC (00883.HK) -0.760 (-2.661%) Short selling $308.85M; Ratio 13.590% fell 2.7% amid lower oil prices. As gold prices rebounded, SD GOLD (01787.HK) +1.220 (+4.376%) Short selling $6.25M; Ratio 2.986% and ZIJIN GOLD INTL (02259.HK) +5.300 (+3.533%) Short selling $46.53M; Ratio 12.994% gained 4.4% and 3.5%, while MMG (01208.HK) +0.260 (+3.144%) Short selling $18.67M; Ratio 14.450% rose 3.1%.Mainland property stocks advanced, with YUEXIU PROPERTY (00123.HK) +0.250 (+6.460%) Short selling $5.74M; Ratio 9.539% and CHINA JINMAO (00817.HK) +0.110 (+6.548%) Short selling $14.38M; Ratio 15.498% each up 6.5%. Blue-chip developers CHINA OVERSEAS (00688.HK) +0.680 (+4.861%) Short selling $120.50M; Ratio 19.295% , LONGFOR GROUP (00960.HK) +0.340 (+4.208%) Short selling $11.45M; Ratio 10.289% and CHINA RES LAND (01109.HK) +1.480 (+4.469%) Short selling $126.46M; Ratio 24.945% rose between 4.2% and 4.9%. (fc/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-06 12:25.) (A Shares quote is delayed for at least 15 mins.)</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>

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The HSI rose 205 points (0.8%) to 26,104 at midday, driven by strong performances in chip stocks, with SMIC surging over 9%. The market opened up 131 points and peaked at 311 points. The HSCEI and HSTECH also saw gains. Notable increases included CAMBRICON (+13.8%), HUA HONG SEMI (+12.6%), and GIGADEVICE (+17%). However, some AI-related stocks faced declines. Overall, the turnover reached HKD165.873 billion, reflecting positive sentiment in the market amid hopes for a US-Iran agreement.

HSI Gains 205 pts at Half-day as Chip Stocks Lead, SMIC Surges Over 9%