<div id="readability-page-1" class="page"><div>US bourse struggled to hold sturdy overnight (27th), with all three major indices closing at record highs. The market continued to be watchful of US-Iran negotiations. On Hong Kong index futures settlement day, the HSI opened at 25,230 this morning (28th), down 97 points or 0.39%. The HSCEI opened at 8,438, down 24 points or 0.29%. The HSTECH opened at 4,895, down 12 points or 0.25%.Major tech names came under pressure. KUAISHOU-W (01024.HK) -0.820 (-1.811%) Short selling $284.66M; Ratio 20.746% opened 1.81% lower after its results. POP MART (09992.HK) +5.800 (+3.761%) Short selling $414.33M; Ratio 14.376% bucked the trend, opening 3.76% higher. TENCENT (00700.HK) -3.400 (-0.783%) Short selling $753.04M; Ratio 6.949% dipped 0.78%. MEITUAN-W (03690.HK) -0.500 (-0.644%) Short selling $509.35M; Ratio 19.188% declined 0.64%. BABA-W (09988.HK) -0.600 (-0.483%) Short selling $932.37M; Ratio 10.106% lost 0.48%.Among individual stocks, UNISOUND (09678.HK) -14.600 (-5.130%) opened 5.13% lower after placing shares at a 19.9% discount. NIO-SW (09866.HK) +3.020 (+7.239%) Short selling $161.44M; Ratio 46.877% opened 7.24% higher after CLSA raised the TP for NIO Inc. (NIO.US) to USD7 and initiated coverage on its H shares with an Outperform rating. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-27 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 opened down 97 points at 25,230, while the HSCEI and HSTECH also declined. KUAISHOU-W fell 1.81% post-results, whereas NIO-SW rose 7.24% after a positive rating from CLSA. Major tech stocks like TENCENT and MEITUAN-W also experienced slight declines.

- The US stock market closed at record highs amid ongoing US-Iran negotiations, while Hong Kong's indices opened lower on May 28, 2026.  
- Major tech stocks experienced mixed performance, with KUAISHOU-W and TENCENT declining, while POP MART and NIO-SW saw gains after favorable reports.  
- Overall, market sentiment remained cautious as investors reacted to corporate earnings and short selling trends.

HSI Opens Down 97 pts; KUAISHOU-W Slips ~2% Post-Results; NIO-SW Opens Up 7%