--- title: "HSI Opens Up 124 pts as BABA-W Rebounds Over 1%; INNOVENT BIO Surges Over 6% After Results" type: "News" locale: "en" url: "https://longbridge.com/en/news/296972105.md" description: "The Hang Seng Index opened up 124 points, driven by a rebound in major tech stocks like Alibaba and Meituan following news of Jack Ma's increased stake. Oil prices fell over 2% due to geopolitical developments, impacting energy stocks like CNOOC. Conversely, biotech firm Innovent Bio surged nearly 6% on strong half-year profit growth, while other companies showed mixed results based on their interim financial reports." datetime: "2026-08-26T01:40:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296972105.md) - [en](https://longbridge.com/en/news/296972105.md) - [zh-HK](https://longbridge.com/zh-HK/news/296972105.md) generator: "portal-rs" --- # HSI Opens Up 124 pts as BABA-W Rebounds Over 1%; INNOVENT BIO Surges Over 6% After Results The three major US stock indices closed up between 0.3% and nearly 0.7%, while oil prices and US Treasury long-term yields retreated. This morning (26th), the HSI opened at 25,635, up 124 pts or 0.49%; the HSCEI opened at 8,500, up 55 pts or 0.65%; and the HSTECH opened at 4,622, up 34 pts or 0.75%. Major tech names thrived broadly. BABA-W (09988.HK) +1.500 (+1.313%) Short selling $4.29B; Ratio 30.353% opened up 1.31% amid reports that Jack Ma had increased his stake by more than HKD600 million over several consecutive days; MEITUAN-W (03690.HK) +1.000 (+1.295%) Short selling $1.71B; Ratio 23.974% rebounded 1.3%; JD-SW (09618.HK) +2.200 (+1.947%) Short selling $139.22M; Ratio 23.565% and NTES (09999.HK) +3.400 (+1.709%) Short selling $579.46M; Ratio 36.714% rose more than 1%; TENCENT (00700.HK) +3.000 (+0.679%) Short selling $715.94M; Ratio 12.471% gained 0.68%; XIAOMI-W (01810.HK) +0.240 (+0.865%) Short selling $483.18M; Ratio 21.228% added 0.86%. Iran and Oman reached a temporary security passage arrangement for the Strait of Hormuz, with international oil prices continuing to dive more than 2% this morning. CNOOC (00883.HK) -0.500 (-1.990%) Short selling $62.46M; Ratio 5.854% opened down 1.99%, whie PETROCHINA (00857.HK) -0.160 (-1.590%) Short selling $89.74M; Ratio 20.291% sank 1.59%. Among blue chips, INNOVENT BIO (01801.HK) +5.800 (+5.794%) Short selling $145.29M; Ratio 11.889% opened up 6.49% after 1H profit grew 50%; WUXI BIO (02269.HK) +0.950 (+1.820%) Short selling $307.95M; Ratio 10.078% opened up 1.82% after 1H adjusted net profit lifted 38.4%; NONGFU SPRING (09633.HK) +1.160 (+2.695%) Short selling $89.10M; Ratio 22.749% jumped up 2.7% after interim net profit climbed 16.6%; LAOPU GOLD (06181.HK) +5.200 (+1.334%) Short selling $46.88M; Ratio 9.980% added 1.33% after interim dividend hiked 88% YoY; SHENZHOU INTL (02313.HK) -0.640 (-1.556%) Short selling $67.99M; Ratio 37.797% dropped 1.56% after 1H profit faded 40%. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-25 16:25.) ### Related Stocks - [MPNGY.US](https://longbridge.com/en/quote/MPNGY.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [SCO.US](https://longbridge.com/en/quote/SCO.US.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [00883.HK](https://longbridge.com/en/quote/00883.HK.md) - [01801.HK](https://longbridge.com/en/quote/01801.HK.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [600938.CN](https://longbridge.com/en/quote/600938.CN.md) - [02800.HK](https://longbridge.com/en/quote/02800.HK.md) - [03115.HK](https://longbridge.com/en/quote/03115.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) - [HSCEI.HK](https://longbridge.com/en/quote/HSCEI.HK.md) - [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [JD.US](https://longbridge.com/en/quote/JD.US.md) - [09999.HK](https://longbridge.com/en/quote/09999.HK.md) - [NTES.US](https://longbridge.com/en/quote/NTES.US.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [00857.HK](https://longbridge.com/en/quote/00857.HK.md) - [02269.HK](https://longbridge.com/en/quote/02269.HK.md) - [09633.HK](https://longbridge.com/en/quote/09633.HK.md) - [06181.HK](https://longbridge.com/en/quote/06181.HK.md) - [02313.HK](https://longbridge.com/en/quote/02313.HK.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) - [83690.HK](https://longbridge.com/en/quote/83690.HK.md) - [HMTD.SG](https://longbridge.com/en/quote/HMTD.SG.md) - [89618.HK](https://longbridge.com/en/quote/89618.HK.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md) - [80883.HK](https://longbridge.com/en/quote/80883.HK.md) - [601857.CN](https://longbridge.com/en/quote/601857.CN.md) - [HPCD.SG](https://longbridge.com/en/quote/HPCD.SG.md) - [WXXWY.US](https://longbridge.com/en/quote/WXXWY.US.md) - [HLPD.SG](https://longbridge.com/en/quote/HLPD.SG.md) - [SHZHY.US](https://longbridge.com/en/quote/SHZHY.US.md) ## Related News & Research - [Oil prices steady as investors assess US-Iran war outlook](https://longbridge.com/en/news/296417823.md) - [CBOT soybeans lower on falling crude oil, soyoil futures](https://longbridge.com/en/news/296819801.md) - [Innovent Biologics: 2026H1 revenue and profit soared, driven by robust product growth and global expansion](https://longbridge.com/en/news/296925554.md) - [Oil set for second weekly rise as unsettled US-Iran war crimps supply](https://longbridge.com/en/news/296555193.md) - [Oil edges up on uncertainty over exports through Hormuz](https://longbridge.com/en/news/296282399.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**