<div id="readability-page-1"><div>According to Al Arabiya, the US and Iran have reached an agreement to gradually reopen the Strait of Hormuz in exchange for the US easing its maritime blockade. Hong Kong equities rose in line with external markets. The HSI opened up 317 pts and extended gains, once peaking at 26,669 pts, up 455 pts intraday, and closed at 26,626 pts, up 412 pts or 1.6%. The HSCEI closed at 8,919 pts, up 118 pts or 1.4%. The HSTECH closed at 5,121 pts, up 151 pts or 3.1%. Total market turnover for the day amounted to HKD312.489 billion.Among major stocks, TENCENT (00700.HK) +14.400 (+3.110%) Short selling $1.27B; Ratio 6.532% and BABA-W (09988.HK) +6.700 (+4.993%) Short selling $2.16B; Ratio 13.283% rose 3.1% and 5%, respectively. MEITUAN-W (03690.HK) +1.750 (+2.121%) Short selling $577.93M; Ratio 16.400% gained 2.1%. BYD COMPANY (01211.HK) +1.800 (+1.820%) Short selling $923.01M; Ratio 38.443% and XIAOMI-W (01810.HK) +0.300 (+0.973%) Short selling $1.36B; Ratio 30.751% added 1.8% and 1%. HSBC HOLDINGS (00005.HK) +2.600 (+1.851%) Short selling $329.87M; Ratio 17.415% and AIA (01299.HK) +1.700 (+1.944%) Short selling $420.44M; Ratio 18.046% rose 1.9%. HKEX (00388.HK) +5.800 (+1.377%) Short selling $311.02M; Ratio 12.786% gained 1.4%.Other tech names also advanced. KUAISHOU-W (01024.HK) +3.400 (+7.556%) Short selling $944.83M; Ratio 16.234% and BIDU-SW (09888.HK) +5.700 (+4.331%) Short selling $937.71M; Ratio 30.174% climbed 7.6% and 4.3%. JD-SW (09618.HK) +2.600 (+2.234%) Short selling $382.47M; Ratio 28.588% and NTES-S (09999.HK) +4.100 (+2.259%) Short selling $183.32M; Ratio 14.497% rose 2.2% and 2.3%, while BILIBILI-W (09626.HK) +6.700 (+3.948%) Short selling $208.74M; Ratio 23.986% and ALI HEALTH (00241.HK) +0.180 (+4.054%) Short selling $146.43M; Ratio 23.488% gained 3.9% and 4.1%. Software stocks KINGDEE INT'L (00268.HK) +0.450 (+5.269%) Short selling $71.61M; Ratio 18.410% and KINGSOFT (03888.HK) +1.420 (+6.153%) Short selling $34.70M; Ratio 8.937% advanced 5.3% and 6.2%. CHINASOFT INT'L (00354.HK) +0.120 (+3.625%) Short selling $11.25M; Ratio 12.917% and WEIMOB INC (02013.HK) +0.070 (+4.828%) Short selling $4.47M; Ratio 5.442% rose 3.6% and 4.8%.Chip stocks extended gains. SMIC (00981.HK) +1.900 (+2.538%) Short selling $1.21B; Ratio 10.859% rose 2.5%. HUA HONG SEMI (01347.HK) +11.300 (+8.686%) Short selling $834.43M; Ratio 13.609% and NOVOSENSE (02676.HK) +13.700 (+9.364%) surged 8.7% and 9.4%. BIREN TECH (06082.HK) +7.550 (+14.804%) Short selling $21.07M; Ratio 2.101% jumped 14.8%, while ILUVATAR COREX (09903.HK) +25.500 (+4.462%) Short selling $114.50M; Ratio 16.608% added 4.5%. AI-related stocks KNOWLEDGE ATLAS (02513.HK) +46.500 (+5.008%) Short selling $26.30M; Ratio 2.387% and MANYCORE TECH (00068.HK) +1.240 (+5.099%) gained over 5%, and MINIMAX-W (00100.HK) +18.000 (+2.243%) Short selling $29.27M; Ratio 2.898% rose 2.2%.In addition, fiber optic stock YOFC (06869.HK) +16.200 (+7.479%) Short selling $323.23M; Ratio 6.776% climbed 7.5%, and CIG (06166.HK) +6.300 (+4.737%) rose 4.7%, after Nvidia took a stake in Corning to promote fiber infrastructure development. JOHNSON ELEC H (00179.HK) +4.660 (+19.966%) Short selling $143.88M; Ratio 14.855% soared 20%. Electronics stock FIT HON TENG (06088.HK) +0.760 (+9.314%) Short selling $34.62M; Ratio 3.212% jumped 9.3%, and telecom operator CHINA TELECOM (00728.HK) +0.160 (+3.083%) Short selling $77.39M; Ratio 13.330% rose 3.1%.TECHTRONIC IND (00669.HK) +11.800 (+10.306%) Short selling $728.62M; Ratio 44.873% gained 10.3% after JPM raised its TP, citing the companys positioning in AI data centers and related infrastructure as a structural multi-year growth driver. CHERVON (02285.HK) +1.350 (+8.313%) Short selling $2.04M; Ratio 15.963% added 8.3%. Auto stocks LI AUTO-W (02015.HK) +2.100 (+3.095%) Short selling $118.00M; Ratio 18.895% , XPENG-W (09868.HK) +2.000 (+3.320%) Short selling $142.82M; Ratio 19.889% and CHERY AUTO (09973.HK) +1.240 (+4.215%) Short selling $8.45M; Ratio 3.994% rose 3.1% to 4.2%. Robotics stock DOBOT (02432.HK) +2.900 (+9.539%) Short selling $8.59M; Ratio 4.543% climbed 9.5%, while battery maker CATL (03750.HK) -4.000 (-0.598%) Short selling $1.59B; Ratio 34.632% slipped 0.6%.Among mainland insurers, CHINA TAIPING (00966.HK) +0.960 (+4.222%) Short selling $20.77M; Ratio 7.787% , CHINA LIFE (02628.HK) +1.280 (+4.281%) Short selling $677.12M; Ratio 29.970% and ZA ONLINE (06060.HK) +0.510 (+4.381%) Short selling $8.21M; Ratio 4.350% rose 4.2% to 4.4%. PING AN (02318.HK) +1.800 (+2.804%) Short selling $1.21B; Ratio 33.248% gained 2.8%, and PICC P&amp;C (02328.HK) +0.830 (+5.912%) Short selling $178.55M; Ratio 16.006% jumped 5.9%. Mainland property stocks YUEXIU PROPERTY (00123.HK) +0.160 (+3.828%) Short selling $25.90M; Ratio 17.839% , CHINA OVERSEAS (00688.HK) +0.510 (+3.407%) Short selling $227.32M; Ratio 20.397% and CHINA JINMAO (00817.HK) +0.070 (+3.867%) Short selling $13.96M; Ratio 7.149% rose 3.4% to 3.9%. Local developer NEW WORLD DEV (00017.HK) +0.580 (+6.388%) Short selling $14.93M; Ratio 11.715% advanced 6.4%.Oil stocks PETROCHINA (00857.HK) -0.990 (-8.476%) Short selling $1.01B; Ratio 29.877% and CNOOC (00883.HK) -1.620 (-5.777%) Short selling $359.93M; Ratio 7.135% fell 8.5% and 5.8%. Coal stocks YANKUANG ENERGY (01171.HK) -1.060 (-6.726%) Short selling $94.16M; Ratio 9.666% dropped 6.7%, while CHINA SHENHUA (01088.HK) -1.980 (-4.147%) Short selling $444.63M; Ratio 32.481% and CHINA COAL (01898.HK) -0.690 (-5.051%) Short selling $38.28M; Ratio 9.897% declined 4.1% and 5.1%. Mainland media reported that well-known investor Duan Yongping disclosed on social media that he had switched all his holdings in CHINA SHENHUA to POP MART (09992.HK) +5.900 (+3.775%) Short selling $740.96M; Ratio 16.609% , which rose 3.8%. Resources stock MMG (01208.HK) +0.640 (+7.323%) Short selling $113.83M; Ratio 15.944% gained 7.3%, and gold stock ZIJIN GOLD INTL (02259.HK) +6.500 (+4.027%) Short selling $294.68M; Ratio 15.578% added 4%.Pharmaceutical stock BEONE MEDICINES (06160.HK) +6.900 (+3.791%) Short selling $145.22M; Ratio 14.356% reported a 178-fold increase in 1Q net profit and raised its full-year revenue guidance, with shares up 5%. 3SBIO (01530.HK) +0.880 (+3.989%) Short selling $62.10M; Ratio 8.466% and GENSCRIPT BIO (01548.HK) +1.070 (+7.425%) Short selling $54.03M; Ratio 11.306% rose 4% and 7.4%. CHOW TAI FOOK (01929.HK) +0.790 (+7.288%) Short selling $140.40M; Ratio 37.992% expected annual net profit to increase by up to about 55% YoY, with shares up 7.3%. MIDEA GROUP (00300.HK) -2.400 (-2.737%) Short selling $1.11B; Ratio 54.907% issued HKD17.2 billion in zero-coupon convertible bonds, and its shares fell 2.7%. (fc/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-07 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>

The global semiconductor sector experienced a strong surge, with the chip index jumping over 4%, outperforming the broader market and hitting a new all-time high! AMD, the computing power giant, saw its data center business grow by 57% in the first quarter and its second-quarter guidance significantly exceeded expectations, leading to a post-market surge of over 10%. Intel's stock price rose nearly 13% in a single day, boosted by rumors of Apple's contract manufacturing talks. Micron Technology and SanDisk, two major memory manufacturers, both hit new all-time highs overnight, driven by strong AI demand and expectations of locked-in long-term contracts. The "supercycle" in the semiconductor industry chain has not only not peaked, but is accelerating in a deeper and broader dimension.

The global semiconductor sector experienced a strong surge, with the chip index jumping over 4%, outperforming the broader market and hitting a new all-time high! AMD, the computing power giant, saw its data center business grow by 57% in the first quarter and its second-quarter guidance significantly exceeded expectations, leading to a post-market surge of over 10%. Intel's stock price rose nearly 13% in a single day, boosted by rumors of Apple's contract manufacturing talks. Micron Technology and SanDisk, two major memory manufacturers, both hit new all-time highs overnight, driven by strong AI demand and expectations of locked-in long-term contracts. The "supercycle" in the semiconductor industry chain has not only not peaked, but is accelerating in a deeper and broader dimension.

Storage and chip sectors rose across the board, and the super cycle continues!

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The HSI closed up 412 points at 26,626, reflecting a positive trend in Hong Kong equities, driven by gains in major stocks like KUAISHOU-W and HUA HONG SEMI. The market turnover reached HKD312.489 billion. Notable performers included JOHNSON ELEC H, which soared 20%, and TECHTRONIC IND, gaining 10.3% after a target price increase by JPM. Overall, the market showed strong performance across various sectors, including technology and automotive stocks, amidst favorable external market conditions.

HSI Closes Up 412 pts; KUAISHOU-W, HUA HONG SEMI Surge; JOHNSON ELEC H Soars 20%