--- title: "HSI Ends Up 124 Pts, Reclaims 26,000; BABA-W Leaps 7%; XINYI SOLAR Swells 13%+ Post-results" type: "News" locale: "en" url: "https://longbridge.com/en/news/294666320.md" description: "The Hang Seng Index closed up 124 points at 26,009, reclaiming the 26,000 level. Dotcom giants led gains, with Alibaba surging 7% on new AI model launch and Tencent rising over 3%. Solar stocks rallied significantly following regulatory price guidance, led by Xinyi Solar's 13% jump post-results. Conversely, Xiaomi fell nearly 3% due to price hikes and a UBS downgrade, while auto and resource sectors showed mixed or negative performance." datetime: "2026-08-03T08:56:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294666320.md) - [en](https://longbridge.com/en/news/294666320.md) - [zh-HK](https://longbridge.com/zh-HK/news/294666320.md) generator: "portal-rs" --- # HSI Ends Up 124 Pts, Reclaims 26,000; BABA-W Leaps 7%; XINYI SOLAR Swells 13%+ Post-results The HSI opened 102 pts higher before briefly turning south, but later regained upward momentum. It closed the day at 26,009, up 124 pts or 0.48%, with full-day turnover reaching HKD255.179 billion. The HSTECH closed at 4,875, up 46 pts or 0.96%, while the HSCEI closed at 8,652, up 40 pts or 0.46%. Dotcom bellwethers drove the broader market higher. BABA-W (09988.HK) +8.200 (+7.009%) Short selling $3.54B; Ratio 14.772% had a good run, closing at HKD125.2, up 7.01%, after launching the Qwen 3.8-Max AI model, with performance comparable to Anthropic Fable. TENCENT (00700.HK) +15.200 (+3.199%) Short selling $1.76B; Ratio 9.306% , BIDU-SW (09888.HK) +4.000 (+3.777%) Short selling $143.82M; Ratio 17.464% and KUAISHOU-W (01024.HK) +1.320 (+3.021%) Short selling $124.84M; Ratio 6.507% soared more than 3%. JD-SW (09618.HK) +2.200 (+1.731%) Short selling $216.06M; Ratio 21.803% and MEITUAN-W (03690.HK) +0.950 (+1.027%) Short selling $755.01M; Ratio 20.718% gained more than 1%. XIAOMI-W (01810.HK) -0.820 (-2.849%) Short selling $2.62B; Ratio 32.562% bucked the trend, down 2.85%, after announcing price increases of up to RMB500 for premium smartphone models. UBS lowered its TP on the company, citing persistently high memory costs and weak end-market demand. China's State Administration for Market Regulation (SAMR) launched price compliance guidance for the photovoltaic industry, boosting solar stocks. XINYI SOLAR (00968.HK) +0.295 (+13.409%) Short selling $71.85M; Ratio 17.252% was the best-performing blue chip of the day, jumping up 13.41%. Following its results announcement, Citi upgraded the stock to Buy. GCL TECH (03800.HK) +0.070 (+11.475%) Short selling $54.85M; Ratio 13.778% spiked 11.48%, while FLAT GLASS (06865.HK) +0.780 (+11.223%) Short selling $14.27M; Ratio 11.407% climbed 11.22%. Autos were in a mixed bag. LI AUTO-W (02015.HK) -1.550 (-2.903%) Short selling $147.21M; Ratio 25.167% fell off 2.92%, while GEELY AUTO (00175.HK) -0.220 (-1.111%) Short selling $149.72M; Ratio 22.903% declined 1.11%. BYD COMPANY (01211.HK) +0.750 (+0.797%) Short selling $408.50M; Ratio 24.186% edged up 0.8%. Metal and resource stocks came under pressure, with CHINAHONGQIAO (01378.HK) -1.580 (-6.438%) Short selling $205.43M; Ratio 13.273% retreating 6.44% and CHALCO (02600.HK) -0.200 (-2.364%) Short selling $99.54M; Ratio 28.547% dropping 2.36%. PETROCHINA (00857.HK) -0.130 (-1.308%) Short selling $164.71M; Ratio 20.507% and SINOPEC CORP (00386.HK) -0.030 (-0.677%) Short selling $73.70M; Ratio 19.970% both lost more than 1%. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-03 16:25.) ### Related Stocks - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [00968.HK](https://longbridge.com/en/quote/00968.HK.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [03115.HK](https://longbridge.com/en/quote/03115.HK.md) - [02800.HK](https://longbridge.com/en/quote/02800.HK.md) - [07200.HK](https://longbridge.com/en/quote/07200.HK.md) - [07300.HK](https://longbridge.com/en/quote/07300.HK.md) - [07500.HK](https://longbridge.com/en/quote/07500.HK.md) ## Related News & Research - [Tencent Claims Its New Model Outshines Moonshot and Z.AI. What That Means for TCEHY Stock Here.](https://longbridge.com/en/news/297834837.md) - [ZG Group and Tencent Launch AI Agent Platform NextB2B for B2B Trading](https://longbridge.com/en/news/297705638.md) - [Tencent-backed Enflame IPO draws 6,109 times online demand](https://longbridge.com/en/news/297791907.md) - [Xinyi Solar unit Xinyi Energy plans sale or injection of solar farms into PRC-listed REIT](https://longbridge.com/en/news/297026248.md) - [China's Tencent releases new open-source AI model for coding, research tasks](https://longbridge.com/en/news/297299136.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**