HSI Inches Up; Turnover Increases to Over HKD300B; BABA-W Up Nearly 4% Post-Results

Overnight (13 May), the three major US indices closed mixed, as the market focused on progress from the Xi-Trump meeting today (14 May). The HSI opened up 448 points but pared gains during the session and once turned negative near the close. The HSI closed at 26,389 points, up less than one point, with total market turnover increasing to HKD306.702 billion. The HSCEI closed at 8,858 points, down 17 points or 0.2%, while the HSTECH closed at 5,076 points, down 17 points or 0.35%.Major Tech stocks were mixed. After results, BABA-W (09988.HK) +5.100 (+3.840%) Short selling $1.42B; Ratio 8.462% had its TP raised by UBS and HSBC Research. The stock once surged 8.4% and closed at HKD137.9, up 3.84%. TENCENT (00700.HK) -2.400 (-0.519%) Short selling $1.65B; Ratio 14.977% softened post-results, closing at HKD460.2, down 0.52%. POP MART (09992.HK) -4.400 (-2.735%) Short selling $770.18M; Ratio 28.376% had its TP cut by Citi and CLSA, closing at HKD156.5, down 2.73%. JD-SW (09618.HK) +1.900 (+1.482%) Short selling $249.11M; Ratio 23.319% closed at HKD130.1, up 1.48%. BIDU-SW (09888.HK) +3.400 (+2.473%) Short selling $283.87M; Ratio 17.873% continued to invest in the comprehensive evolution of its XinYun model, with shares once rising over 7% before closing at HKD140.9, up 2.47%.It was reported that the US approved sales of H200 chips to 10 Chinese companies including Alibaba and TENCENT. Ahead of results, SMIC (00981.HK) -2.650 (-3.574%) Short selling $210.29M; Ratio 5.199% closed down 3.57% at HKD71.5. HUA HONG SEMI (01347.HK) -2.800 (-2.157%) Short selling $261.73M; Ratio 11.041% closed at HKD127, down 2.16%.Among active stocks, despite a TP hike by CICC, JD LOGISTICS (02618.HK) -0.910 (-5.670%) Short selling $19.21M; Ratio 12.894% fell to close at HKD15.14, down 5.7%, making it the worst-performing blue chip. SICC (02631.HK) +19.900 (+18.290%) Short selling $36.59M; Ratio 2.286% extended its sharp rally in recent days, closing at HKD128.7, up 18.29%. ZHAOJIN MINING (01818.HK) -2.940 (-10.411%) Short selling $66.85M; Ratio 4.795% declined 10.41% to close at HKD25.3 after casualties were reported in an accident at one of its mining sites. NEW WORLD DEV (00017.HK) -0.400 (-4.278%) Short selling $19.38M; Ratio 32.252% clarified that it had not reached any agreement with the Airport Authority regarding the 11 SKIES project; its shares closed at HKD8.95, down 4.28%. (mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-14 12:25.)