<div id="readability-page-1" class="page"><div>US markets showed mixed performance overnight (4th), with funds rotating into banking and healthcare stocks. The DJIA hit a record high, while the Nasdaq softened. Asia-Pacific markets trended lower today (5th). The HSI remained under pressure throughout the session, slipping below the 25,000 level to close at 24,961, down 291 pts or 1.15%. Total market turnover for the day amounted to HKD342.805 billion. The HSCEI closed at 8,436, down 65 pts or 0.77%, while the HSTECH closed at 4,888, down 86 pts or 1.75%.Semiconductor and AI-related stocks tracked overseas weakness. SMIC (00981.HK) -5.850 (-7.178%) Short selling $614.03M; Ratio 12.207% was the worst-performing blue chip, closing at HKD75.65, down 7.18%. HUA HONG SEMI (01347.HK) -11.200 (-7.157%) Short selling $435.39M; Ratio 14.441% fell 7.16%, MONTAGE TECH (06809.HK) -37.400 (-9.207%) Short selling $80.40M; Ratio 8.862% dropped 9.21%, and GIGADEVICE (03986.HK) -63.000 (-8.015%) Short selling $17.25M; Ratio 1.577% slid 8.02%. MINIMAX-W (00100.HK) -110.500 (-16.654%) Short selling $39.41M; Ratio 4.842% closed at HKD553, plunging 16.65%. KNOWLEDGE ATLAS (02513.HK) -129.000 (-9.046%) Short selling $96.73M; Ratio 13.889% declined 9.05%, while XUNCE (03317.HK) -22.200 (-11.796%) Short selling $2.12M; Ratio 1.961% fell 11.8%.Mainland China tightened controls on outbound investment, but G Sachs believes the actual operational impact on Hong Kong banks and insurers will be limited. Nevertheless, AIA (01299.HK) -2.700 (-3.520%) Short selling $1.04B; Ratio 17.450% fell 3.5%, HSBC HOLDINGS (00005.HK) -4.600 (-3.142%) Short selling $286.10M; Ratio 22.133% dropped 3.14%, and PRU (02378.HK) -6.900 (-6.389%) Short selling $242.36K; Ratio 3.050% declined 6.39%.Among blue chips, MENGNIU DAIRY (02319.HK) -1.070 (-6.309%) Short selling $57.28M; Ratio 26.956% and TINGYI (00322.HK) -0.790 (-6.100%) Short selling $107.76M; Ratio 45.908% both fell over 6%. OOIL (00316.HK) +8.100 (+5.996%) Short selling $34.77M; Ratio 28.664% was the best-performing blue chip, closing at HKD143.2, up nearly 6%.Major technology stocks generally retreated with the broader market. BIDU-SW (09888.HK) -4.500 (-3.459%) Short selling $107.77M; Ratio 36.597% tumbled 3.46%, NTES-S (09999.HK) -4.500 (-2.333%) Short selling $306.14M; Ratio 50.867% fell 2.33%, while TENCENT (00700.HK) -5.800 (-1.264%) Short selling $1.00B; Ratio 18.941% and XIAOMI-W (01810.HK) -0.580 (-2.044%) Short selling $305.03M; Ratio 26.309% dropped over 1%. BABA-W (09988.HK) -1.100 (-0.891%) Short selling $844.63M; Ratio 26.723% and KUAISHOU-W (01024.HK) -0.080 (-0.170%) Short selling $257.30M; Ratio 32.178% edged down less than 1%. MEITUAN-W (03690.HK) +1.350 (+1.718%) Short selling $299.34M; Ratio 28.412% bucked the trend, rising 1.72%.Among individual stocks, STANCHART (02888.HK) -10.400 (-4.910%) Short selling $3.34M; Ratio 2.208% fell 4.91% after South Korea fined five banks, including Standard Chartered, a total of KRW3 billion over improper sales of HSCEI-linked products. ZTE (00763.HK) +1.280 (+4.510%) Short selling $65.64M; Ratio 3.093% rose 4.51% after announcing a partnership with TENCENT to launch a WorkBuddy AI cloud PC powered by the Hunyuan large model. (mn/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-05 12:25.)</div></div>

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The Hang Seng Index fell 291 points to close at 24,961, slipping below the 25,000 mark amid broader Asia-Pacific weakness. Semiconductor stocks led declines, with SMIC and Hua Hong Semi dropping over 7%. Major tech firms like Tencent and Alibaba also saw losses, while Meituan rose slightly. Insurance and banking stocks declined despite Goldman Sachs' view that China's outbound investment controls would have limited impact on HK institutions.

- US markets exhibited mixed results with a rotation towards banking and healthcare stocks, while the DJIA reached a record high and the Nasdaq declined.  
- Asia-Pacific markets fell, with Hong Kong's HSI closing at 24,961, down 291 points; semiconductor and AI stocks notably struggled.  
- Mainland China's investment controls are expected to have limited impact on Hong Kong banks, yet major stocks like AIA and HSBC saw declines in their share prices.

HSI Slips 291 pts Below 25,000; SMIC/ HUA HONG SEMI Dive 7%+