<div id="readability-page-1"><div>Market attention focused on renewed clashes between the US and Iran, with the DJIA falling 0.6%. Hong Kong stocks opened lower in the morning session. The HSI opened down 266 pts and weakened further, at one point falling 351 pts to a trough of 26,274 pts. At midday, the HSI was down 290 pts or 1.1% at 26,335 pts. The HSCEI fell 56 pts or 0.63% to 8,863 pts, while the HSTECH declined 55 pts or 1.1% to 5,065 pts. Half-day turnover totaled HKD145.541 billion.Among major blue chips, TENCENT (00700.HK) -7.400 (-1.550%) Short selling $640.77M; Ratio 10.877% and BABA-W (09988.HK) -2.100 (-1.490%) Short selling $980.60M; Ratio 24.410% fell 1.6% and 1.5%, respectively, while MEITUAN-W (03690.HK) -0.600 (-0.712%) Short selling $244.16M; Ratio 27.019% dropped 0.7%. BYD COMPANY (01211.HK) -0.300 (-0.298%) Short selling $248.83M; Ratio 27.550% edged down 0.3%, whereas XIAOMI-W (01810.HK) +0.280 (+0.900%) Short selling $480.61M; Ratio 23.792% rose 0.9%. HSBC HOLDINGS (00005.HK) -3.800 (-2.655%) Short selling $330.73M; Ratio 41.195% and AIA (01299.HK) -2.300 (-2.580%) Short selling $219.34M; Ratio 16.416% declined 2.7% and 2.6%, and HKEX (00388.HK) -4.200 (-0.984%) Short selling $114.26M; Ratio 18.326% slipped 1%.BIDU-SW (09888.HK) +4.800 (+3.496%) Short selling $393.02M; Ratio 20.074% rose 3.7% to close at HKD142.1, after its subsidiary Kunlunxin initiated guidance for a proposed listing on the STAR Market. Some chip stocks saw profit-taking, with SMIC (00981.HK) -3.400 (-4.430%) Short selling $393.52M; Ratio 8.388% and HUA HONG SEMI (01347.HK) -13.800 (-9.760%) Short selling $398.02M; Ratio 10.778% falling 4.4% and 9.8%. INNOSCIENCE (02577.HK) -4.600 (-6.590%) Short selling $20.54M; Ratio 7.104% dropped 6.6%, while chip equipment maker ASMPT (00522.HK) -11.900 (-6.716%) Short selling $15.42M; Ratio 3.242% slid 6.7%. NVIDIA supplier VGT (02476.HK) +11.200 (+3.394%) gained 3.4%, as its Taiwan peer Wus Printed Circuit reported a 15% increase in quarterly profit. AI-related stocks KNOWLEDGE ATLAS (02513.HK) -38.000 (-3.897%) Short selling $8.06M; Ratio 3.597% and INSILICO (03696.HK) -2.550 (-3.899%) Short selling $11.74M; Ratio 17.776% fell 3.9%, MINIMAX-W (00100.HK) -58.500 (-7.130%) Short selling $12.00M; Ratio 2.902% tumbled 7.1%, and MANYCORE TECH (00068.HK) -0.320 (-1.252%) declined 1.3%.Among other tech names, JD-SW (09618.HK) -1.500 (-1.261%) Short selling $106.56M; Ratio 25.264% and NTES-S (09999.HK) -1.800 (-0.970%) Short selling $106.00M; Ratio 24.977% fell 1.7% and 1%, respectively. KINGDEE INT'L (00268.HK) +0.390 (+4.338%) Short selling $83.55M; Ratio 19.959% and CHINASOFT INT'L (00354.HK) +0.090 (+2.624%) Short selling $19.29M; Ratio 18.719% rebounded 4.3% and 2.6%. EAST BUY (01797.HK) +1.820 (+7.257%) Short selling $12.05M; Ratio 3.533% and MEITU (01357.HK) +0.590 (+12.500%) Short selling $81.25M; Ratio 6.935% surged 7.3% and 12.5%, while DEEPEXI TECH (01384.HK) -3.450 (-5.081%) dropped 5.1%. AI peripheral concept stocks broadly retreated. Power equipment makers DONGFANG ELEC (01072.HK) -2.800 (-7.081%) Short selling $61.99M; Ratio 12.152% and HARBIN ELECTRIC (01133.HK) -1.060 (-4.243%) Short selling $23.99M; Ratio 16.886% fell 7.1% and 4.2%. Wind power producer GOLDWIND (02208.HK) -0.890 (-4.944%) Short selling $25.73M; Ratio 8.512% and photovoltaic glass maker FLAT GLASS (06865.HK) -0.350 (-3.712%) Short selling $2.75M; Ratio 11.560% declined 4.9% and 3.7%. Optical fiber maker YOFC (06869.HK) +5.000 (+2.148%) Short selling $122.90M; Ratio 4.956% slipped 2.1%, heavy machinery maker WEICHAI POWER (02338.HK) -2.600 (-5.950%) Short selling $95.38M; Ratio 17.041% dropped 6%, and TECHTRONIC IND (00669.HK) -3.300 (-2.613%) Short selling $151.13M; Ratio 42.732% retreated 2.6%.Auto stocks saw XPENG-W (09868.HK) -1.500 (-2.410%) Short selling $35.85M; Ratio 13.337% fall 2.4%, while SERES (09927.HK) +2.150 (+2.994%) Short selling $1.64M; Ratio 1.673% rose 3%. Robotics stocks DOBOT (02432.HK) +1.060 (+3.183%) Short selling $9.45M; Ratio 6.903% and UBTECH ROBOTICS (09880.HK) +4.700 (+4.281%) Short selling $49.35M; Ratio 5.179% gained 3.2% and 4.3%, and MINTH GROUP (00425.HK) +2.580 (+6.992%) Short selling $10.46M; Ratio 6.153% climbed 7%. Lithium names TIANQI LITHIUM (09696.HK) -4.050 (-6.045%) Short selling $3.65M; Ratio 0.753% and GANFENGLITHIUM (01772.HK) -4.800 (-5.393%) Short selling $92.32M; Ratio 13.174% dropped 6% and 5.4%, while autonomous driving stock PONY-W (02026.HK) -4.650 (-5.813%) Short selling $2.90M; Ratio 14.908% fell 5.8%. Pharmaceutical stocks HANSOH PHARMA (03692.HK) -1.300 (-3.450%) Short selling $30.09M; Ratio 20.135% , 3SBIO (01530.HK) -0.700 (-3.051%) Short selling $37.57M; Ratio 17.524% , INNOCARE (09969.HK) -0.460 (-3.302%) Short selling $2.39M; Ratio 5.899% and WUXI APPTEC (02359.HK) -4.300 (-3.076%) Short selling $127.72M; Ratio 44.683% fell more than 3%, while PHARMARON (03759.HK) -1.040 (-5.164%) Short selling $1.91M; Ratio 2.363% and REMEGEN (09995.HK) -4.150 (-4.089%) Short selling $7.77M; Ratio 4.967% declined 5.2% and 4.1%. Logistics stocks ZTO EXPRESS-W (02057.HK) -6.500 (-3.237%) Short selling $45.72M; Ratio 41.132% and JD LOGISTICS (02618.HK) -0.550 (-3.645%) Short selling $23.66M; Ratio 17.865% fell more than 3%.Commodity stocks retreated, with CHALCO (02600.HK) -0.370 (-3.206%) Short selling $17.71M; Ratio 6.037% , CMOC (03993.HK) -0.700 (-3.559%) Short selling $80.12M; Ratio 13.471% and JIANGXI COPPER (00358.HK) -1.500 (-3.910%) Short selling $27.96M; Ratio 14.865% down 3.2% to 3.9%, while gold stock CHINAGOLDINTL (02099.HK) -5.900 (-3.395%) Short selling $5.32M; Ratio 2.503% fell 3.4%. Local property developers SHK PPT (00016.HK) -3.500 (-2.431%) Short selling $118.50M; Ratio 26.410% , NEW WORLD DEV (00017.HK) -0.280 (-2.899%) Short selling $3.85M; Ratio 12.276% and SINO LAND (00083.HK) -0.340 (-2.601%) Short selling $7.59M; Ratio 28.505% declined 2.4% to 2.9%, and HANG LUNG PPT (00101.HK) -0.350 (-3.751%) Short selling $18.02M; Ratio 15.776% dropped 3.8%. Mainland property stocks LONGFOR GROUP (00960.HK) +0.340 (+3.922%) Short selling $53.30M; Ratio 34.451% and CHINA RES LAND (01109.HK) +0.940 (+2.648%) Short selling $159.15M; Ratio 21.309% rose 3.9% and 2.6%.POP MART (09992.HK) +8.200 (+5.055%) Short selling $726.20M; Ratio 16.391% continued to be supported by purchases from renowned mainland investor Duan Yongping, rising another 5.1% in the half-day session to close at HKD170.4, with turnover of HKD4.557 billion. (fc/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-08 12:25.)</div></div>

01347

688347

The HSI dropped 290 points or 1.1% to 26,335 points at midday, influenced by renewed US-Iran tensions. Major blue chips like Tencent and Alibaba fell, while Pop Mart surged 5%. The HSCEI and HSTECH also declined. Notable losses were seen in chip stocks SMIC and HUA HONG SEMI, while some tech stocks like BIDU and XIAOMI saw gains. Overall, the market experienced significant volatility with a half-day turnover of HKD145.541 billion.

HSI Drops 290 pts at Midday; SMIC and HUA HONG SEMI Retreat; POP MART Surges Another 5%