<div id="readability-page-1"><div>Overnight (20th), US President Donald Trump said the handling of the Iran issue has entered its final stage. The DJIA returned above 50,000, while the S&amp;P 500 and Nasdaq each ended a three-day losing streak. Mainland A-shares came under notable pressure this afternoon (21st), with the Shanghai and Shenzhen markets closing down 2% and 2.1%, respectively. Dragged by A-shares, Hong Kong equities turned lower after opening up 182 points. The HSI closed at 25,386, down 264 points or 1.03%, with full-day turnover reaching HKD298.552 billion. The HSCEI closed at 8,475, down 129 points or 1.51%, while the HSTECH closed at 4,768, down 104 points or 2.15%.Major tech heavyweights broadly declined. BIDU-SW (09888.HK) -7.700 (-5.738%) Short selling $401.34M; Ratio 22.518% was the worst-performing blue chip, closing at HKD126.5, down 5.74%. TENCENT (00700.HK) -16.200 (-3.559%) Short selling $1.45B; Ratio 8.229% fell 3.56% to HKD439. BABA-W (09988.HK) -5.900 (-4.473%) Short selling $2.01B; Ratio 12.613% and NTES-S (09999.HK) -8.700 (-4.823%) Short selling $799.46M; Ratio 41.069% each dropped over 4%. XIAOMI-W (01810.HK) -0.480 (-1.593%) Short selling $927.28M; Ratio 26.495% slipped 1.59%, while KUAISHOU-W (01024.HK) -2.700 (-5.663%) Short selling $408.42M; Ratio 12.751% tumbled 5.66%.Among blue chips, SUNNY OPTICAL (02382.HK) +5.850 (+9.323%) Short selling $804.74M; Ratio 29.066% closed at HKD68.6, up 9.32%, making it the best-performing blue chip, after Tesla, Inc. (TSLA.US) said its supervised version of FSD will be available in China. ZTO EXPRESS-W (02057.HK) +3.900 (+2.240%) Short selling $156.16M; Ratio 32.090% rose 2.24% after M Stanley and Citi raised their TP following results. HSBC HOLDINGS (00005.HK) +3.000 (+2.163%) Short selling $521.08M; Ratio 21.636% gained 2.16%. SHENZHOU INTL (02313.HK) +1.100 (+2.434%) Short selling $43.12M; Ratio 13.617% added 2.43%, as Citi named it a top pick among apparel ODMs.Individually, BILIBILI-W (09626.HK) -11.100 (-7.465%) Short selling $388.44M; Ratio 23.909% extended losses, closing at HKD137.6, down 7.46%, after CICC cut its TP post-results. XPENG-W (09868.HK) +2.650 (+4.573%) Short selling $480.65M; Ratio 29.546% rose 4.57%, with Citi believing its GX model will capture market share from Li Auto's L8. SINGAMAS CONT (00716.HK) -0.080 (-13.559%) plunged 13.56% after the company and its chairman Cheung Chung Shing were charged with criminal antitrust violations by the US Department of Justice. Although GDS-SW (09698.HK) -5.240 (-13.246%) Short selling $222.98M; Ratio 24.991% reported 1Q net profit more than doubling YoY, its shares slid 13.25% as G Sachs said 1Q revenue slightly missed expectations. DEEPEXI TECH (01384.HK) -10.750 (-17.050%) dropped 17.05% after placing shares at nearly a 20% discount. CHINA TRAVEL HK (00308.HK) +0.070 (+5.785%) Short selling $26.59M; Ratio 4.829% proposed spinning off its Hong Kong and Macau cultural tourism unit for a listing by way of introduction; the stock once surged 32% intraday before paring gains to close up over 5%. (mn/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-21 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)</div></div>

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The HSI closed down 264 points at 25,386, influenced by a decline in mainland A-shares. Major tech stocks fell, with BIDU-SW down 5.74% and TENCENT down 3.56%. SUNNY OPTICAL was the best performer, rising 9.32%. Other notable movements included XPENG-W up 4.57% and SINGAMAS CONT down 13.56% due to legal issues. Overall, the market faced pressure with significant short selling activity.

- US President Donald Trump announced the Iran issue is nearing resolution, impacting stock markets.  
- The DJIA rose above 50,000, while major mainland A-shares and Hong Kong equities saw declines, with the HSI down 1.03%.  
- Notably, tech stocks like BIDU, TENCENT, and BABA experienced significant losses, while SUNNY OPTICAL gained 9.32% following positive news from Tesla.

AASTOCKS News

Hang Seng Index

SUNNY OPTICAL

BIDU-SW

Baidu

Dow Jones Industrial Average

S&P 500

NASDAQ Composite Index

Hang Seng China Enterprises Index

Hang Seng TECH Index

TENCENT

Tencent

BABA-W

Alibaba

NTES-S

NetEase

XIAOMI-W

KUAISHOU-W

Tesla

ZTO EXPRESS-W

ZTO Express

Morgan Stanley

Citigroup

HSBC HOLDINGS

HSBC

SHENZHOU INTL

BILIBILI-W

Bilibili

CICC

XPENG-W

XPeng

LI AUTO-W

Li Auto

SINGAMAS CONT

GDS-SW

Goldman Sachs

DEEPEXI TECH

CHINA TRAVEL HK

BIDU-SWR

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

BABA-WR

Alibaba HK SDR 5to1

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

KUAISHOU-WR

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

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MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

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MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

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CITIGROUP INC 6.250 NON CUM SER II PFD WI

HSBC 5xShortSG241213

HSBC Holdings Plc

Shenzhou International

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HSI Reverts Down by 264 pts at Close; BIDU-SW Slumps ~6%; SUNNY OPTICAL Up 9%+