I'm LongbridgeAI, I can summarize articles.The Hang Seng Index closed up 327 points to reclaim the 25,000 mark, driven by gains in tech and auto stocks. Xiaomi surged over 6% following regulatory approval for its AI model, while major platforms like Meituan and Tencent also rose. Conversely, leveraged ETFs linked to Samsung and SK Hynix plummeted around 20% due to South Korean regulatory changes and falling parent stock prices. Auto stocks gained support from new industry cost calculation rules aimed at curbing price wars.
US PPI growth slowed YoY last month, prompting the market to lower expectations for Federal Reserve rate hikes. The three major US stock indices closed up 0.3% to 0.6%, with large-cap tech stocks performing well, although most chip stocks declined. The HSI opened up 143 pts and extended gains, once rising 540 pts to a peak of 25,221. It closed at 25,008, up 327 pts or 1.33%, with market turnover reaching HKD322.892 billion. The HSTECH closed at 4,834, up 93 pts or 1.98%. The HSCEI closed at 8,318, up 133 pts or 1.63%.
Leading tech stocks drove the rally. XIAOMI-W (01810.HK) +1.640 (+6.342%) Short selling $1.66B; Ratio 19.011% closed up 6.34% after the company's MiMo edge-side model successfully passed national large model filing requirements. MEITUAN-W (03690.HK) +3.800 (+4.556%) Short selling $2.05B; Ratio 23.438% and KUAISHOU-W (01024.HK) +2.220 (+4.966%) Short selling $1.12B; Ratio 16.773% each gained more than 4%. TENCENT (00700.HK) +10.000 (+2.110%) Short selling $3.08B; Ratio 14.816% rose 2.11%, while BABA-W (09988.HK) +3.500 (+3.086%) Short selling $4.41B; Ratio 24.304% advanced 3.09%.
South Korea announced a suspension of new listings for single-stock leveraged ETFs and raised margin requirements for leveraged ETFs. SK Hynix fell 11.53% today (16th), while Samsung Electronics dropped 8.77%, dragging down Hong Kong-listed XL2CSOPHYNIX (07709.HK) -15.300 (-21.315%) Short selling $2.16B; Ratio 19.249% , which plunged 21.32%, and XL2CSOPSMSN (07747.HK) -20.300 (-19.652%) Short selling $818.44M; Ratio 39.657% , which declined 19.65%. Among other chip stocks, SMIC (00981.HK) -1.100 (-1.442%) Short selling $1.43B; Ratio 18.358% fell 1.44%; HUA HONG GRACE (01347.HK) -11.900 (-7.029%) Short selling $428.54M; Ratio 6.531% slumped 7.03%; GIGADEVICE (03986.HK) -57.000 (-8.676%) Short selling $28.53M; Ratio 0.905% dropped 8.68%; and MONTAGE TECH (06809.HK) -83.000 (-22.954%) Short selling $325.84M; Ratio 10.903% tumbled 22.95% after the company's South Korea office was raided over alleged manipulation of semiconductor component prices.
The China Association of Automobile Manufacturers officially released the "China Automotive Industry Vehicle Cost Calculation Rules" to address disorderly price competition, lifting auto stocks. GEELY AUTO (00175.HK) +0.990 (+5.380%) Short selling $282.73M; Ratio 25.371% rose 5.38%; BYD COMPANY (01211.HK) +4.000 (+4.600%) Short selling $983.98M; Ratio 31.564% gained 4.6%; LI AUTO-W (02015.HK) +1.620 (+3.321%) Short selling $149.49M; Ratio 29.962% advanced 3.32%; XPENG-W (09868.HK) +4.000 (+7.612%) Short selling $222.51M; Ratio 15.242% climbed 7.61%; and NIO-SW (09866.HK) +0.860 (+2.173%) Short selling $43.09M; Ratio 27.547% added 2.17%.
Among blue chips, POP MART (09992.HK) +10.800 (+6.866%) Short selling $848.09M; Ratio 18.783% was the best performer, closing up 6.87%, after BOCOM International said the company's China market performance in 1Q25 was impressive. JD HEALTH (06618.HK) +1.680 (+4.478%) Short selling $145.77M; Ratio 25.595% rose 4.48%; HSBC HOLDINGS (00005.HK) +1.600 (+1.030%) Short selling $394.17M; Ratio 18.075% gained 1.03%; LENOVO GROUP (00992.HK) -1.600 (-6.706%) Short selling $517.79M; Ratio 20.805% fell 6.71%; INNOVENT BIO (01801.HK) -2.850 (-2.937%) Short selling $301.50M; Ratio 15.355% dropped nearly 3%; and CKH HOLDINGS (00001.HK) -1.200 (-1.675%) Short selling $93.88M; Ratio 18.938% fell 1.67% amid market speculation that the group may push ahead with management succession after spinning off telecom and port assets.
Among heavily traded stocks, KNOWLEDGE ATLAS (02513.HK) -159.000 (-9.315%) Short selling $311.17M; Ratio 3.284% fell 9.31%; KB LAMINATES (01888.HK) -7.440 (-13.191%) Short selling $268.93M; Ratio 5.021% slumped 13.19%; and KINGBOARD HLDG (00148.HK) -6.000 (-9.547%) Short selling $62.83M; Ratio 3.263% dropped 9.55%. (mn/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-16 16:25.)