HSI Opens Up 317 pts; HSTECH Gains Over 2%; BIDU-SW and KUAISHOU-W Jump 5%

Reports said the US and Iran are close to reaching a peace agreement, while strong 1Q results from AMD supported the chip sector. The DJIA closed up 1.2%, the Nasdaq rose 2%, and the S&P 500 hit a record high. The HSI opened up 317 pts, or 1.2%, at 26,531. The HSCEI opened up 114 pts, or 1.3%, at 8,915. The HSTECH opened up 119 pts, or 2.4%, at 5,089.

Among major blue chips, TENCENT (00700.HK) +10.400 (+2.246%) Short selling $1.44B; Ratio 7.007% and MEITUAN-W (03690.HK) +2.750 (+3.333%) Short selling $700.12M; Ratio 21.772% opened up 2% and 2.4%, respectively, while BABA-W (09988.HK) +5.600 (+4.173%) Short selling $2.93B; Ratio 18.750% opened up 3.9%. BYD COMPANY (01211.HK) +1.600 (+1.618%) Short selling $1.31B; Ratio 37.196% and XIAOMI-W (01810.HK) +0.300 (+0.973%) Short selling $1.79B; Ratio 27.799% opened up 1.3%. HSBC HOLDINGS (00005.HK) +1.500 (+1.068%) Short selling $654.16M; Ratio 21.061% , AIA (01299.HK) +1.550 (+1.772%) Short selling $599.97M; Ratio 23.405% and HKEX (00388.HK) +2.200 (+0.522%) Short selling $182.00M; Ratio 11.614% opened up 0.8% to 0.9%.

KUAISHOU-W (01024.HK) +3.220 (+7.156%) Short selling $491.04M; Ratio 18.573% and BIDU-SW (09888.HK) +5.400 (+4.103%) Short selling $1.01B; Ratio 34.917% opened up 5.2% and 4.9%, respectively. NTES-S (09999.HK) +5.200 (+2.865%) Short selling $124.39M; Ratio 14.065% and BILIBILI-W (09626.HK) +5.200 (+3.064%) Short selling $94.61M; Ratio 16.855% opened up 3.0%, while JD-SW (09618.HK) +3.200 (+2.749%) Short selling $213.00M; Ratio 21.539% rose 2.8% at the open. MIDEA GROUP (00300.HK) -2.700 (-3.079%) Short selling $97.71M; Ratio 24.594% issued zero-coupon convertible bonds totaling RMB17.2 billion, with its shares opening down 0.9% at HKD86.9. Travel platform TRIP.COM-S (09961.HK) +13.600 (+3.335%) Short selling $96.17M; Ratio 14.425% opened up 3.9%. Auto stock XPENG-W (09868.HK) +1.550 (+2.573%) Short selling $293.23M; Ratio 28.630% opened up 2.5%. Pharmaceutical stock BEONE MEDICINES (06160.HK) +10.000 (+5.495%) Short selling $146.29M; Ratio 19.736% reported a 178x increase in 1Q net profit and raised its full-year revenue guidance, with shares opening up 4.1%; WUXI BIO (02269.HK) +0.220 (+0.667%) Short selling $101.14M; Ratio 9.592% also opened up 2.3%.

Oil prices once slid by more than 10% overnight. PETROCHINA (00857.HK) -0.530 (-4.538%) Short selling $683.11M; Ratio 34.213% and CNOOC (00883.HK) -0.980 (-3.495%) Short selling $553.59M; Ratio 16.453% opened down 3.5% and 2.7%, respectively. Resource stocks advanced, with CMOC (03993.HK) +0.710 (+3.704%) Short selling $312.90M; Ratio 27.342% opening up 3.3%; CHINAGOLDINTL (02099.HK) +5.700 (+3.261%) Short selling $55.67M; Ratio 14.076% and ZIJIN MINING (02899.HK) +0.780 (+2.091%) Short selling $535.66M; Ratio 22.206% opened up more than 2%.

Elsewhere, CHOW TAI FOOK (01929.HK) +0.580 (+5.351%) Short selling $70.93M; Ratio 35.900% expected annual net profit to increase by up to about 55% YoY, and its shares opened up 3.8%. CKH HOLDINGS (00001.HK) +0.800 (+1.141%) Short selling $232.14M; Ratio 18.777% opened up 0.6%, while TECHTRONIC IND (00669.HK) +7.400 (+6.463%) Short selling $173.41M; Ratio 34.822% opened up 3.1%. (fc/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-06 16:25.)