<div id="readability-page-1"><div>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&amp;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.)</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 opened up 317 points, or 1.2%, at 26,531, with the HSTECH gaining over 2%. Major stocks like TENCENT and MEITUAN-W rose by 2% and 2.4%, respectively. BIDU-SW and KUAISHOU-W jumped 5%. The DJIA and Nasdaq also saw gains, with the S&P 500 hitting a record high. MIDEA GROUP's shares fell after issuing convertible bonds, while BEONE MEDICINES reported a significant profit increase. Oil prices dropped over 10%, affecting stocks like PETROCHINA and CNOOC, which opened lower.

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