--- title: "HSI Reverses to Fall 108 Pts at Half-day; BIDU-SW Surges Over 6%; AI Large Model & Hardware Stocks Rally; KB LAMINATES Jumps 9.5%" type: "News" locale: "en" url: "https://longbridge.com/en/news/297123790.md" description: "The Hang Seng Index reversed to close down 108 points at midday, despite an initial gain. Tech stocks led the rally, with Baidu surging over 6% ahead of its primary listing conversion and AI hardware stocks rising following NVIDIA's strong quarterly results. PCB and laminate stocks also gained significantly. Among blue chips, Hansoh Pharma rebounded sharply after a price target upgrade, while CNOOC rose on record dividends. Conversely, Xiaomi and SenseTime fell." datetime: "2026-08-27T04:41:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297123790.md) - [en](https://longbridge.com/en/news/297123790.md) - [zh-HK](https://longbridge.com/zh-HK/news/297123790.md) generator: "portal-rs" --- # HSI Reverses to Fall 108 Pts at Half-day; BIDU-SW Surges Over 6%; AI Large Model & Hardware Stocks Rally; KB LAMINATES Jumps 9.5% The three major US stock indices closed slightly lower overnight (26th), as US PCE inflation data came in above expectations. This morning (27th), the HSI opened 121 points higher before reversing lower. At midday, it closed at 25,544 points, down 108 points or 0.42%, with market turnover reaching HKD125.318 billion. The HSCEI reported 8,481 points, down 52 points or 0.61%, while the HSTECH outperformed the broader market at 4,634 points, up 8 points or 0.19%. Leading tech stocks were broadly higher. BIDU-SW (09888.HK) +6.050 (+6.656%) Short selling $206.50M; Ratio 23.036% will convert to a primary listing on the Stock Exchange starting next Tuesday, with its share price rising 6.66% by midday. TENCENT (00700.HK) +4.400 (+0.988%) Short selling $1.00B; Ratio 15.326% gained nearly 1%, while MEITUAN-W (03690.HK) -0.900 (-1.153%) Short selling $645.05M; Ratio 26.901% and NTES (09999.HK) -2.300 (-1.176%) Short selling $634.48M; Ratio 41.646% fell more than 1%. XIAOMI-W (01810.HK) -0.600 (-2.108%) Short selling $1.15B; Ratio 28.212% dropped more than 2%. NVIDIA Corporation (NVDA.US) reported quarterly results that beat expectations, with shares rising nearly 5% in after-hours trading. Hong Kong-listed chip and AI hardware stocks followed higher. HUA HONG GRACE (01347.HK) +5.300 (+4.511%) Short selling $606.37M; Ratio 15.269% , which will become an HSI constituent, rose 4.51% after the company reported a fourfold increase in interim profit. SMIC (00981.HK) +2.050 (+2.941%) Short selling $828.98M; Ratio 17.549% climbed 2.94%; ILUVATAR COREX (09903.HK) +23.200 (+6.335%) Short selling $4.17M; Ratio 0.819% gained 6.34%; MONTAGE TECH (06809.HK) +27.600 (+10.291%) Short selling $40.75M; Ratio 4.958% surged 10.29%; GIGADEVICE (03986.HK) +33.000 (+6.846%) Short selling $74.03M; Ratio 6.053% advanced 6.85%; and ZJ INNOLIGHT (03308.HK) +51.000 (+5.025%) Short selling $63.66M; Ratio 9.489% added 5%. South Korean equities also performed well today, with the Samsung Electronics Daily Leveraged Max 2x product (07747.HK) +4.040 (+5.448%) Short selling $200.90M; Ratio 32.862% rising 5.45%, while the SK Hynix Daily Leveraged Max 2x product (07709.HK) +2.580 (+6.880%) Short selling $2.09B; Ratio 39.416% gained 6.88%. Printed circuit board (PCB) and copper clad laminate (CCL) stocks rallied this morning alongside A-share peers. KB LAMINATES (01888.HK) +3.780 (+9.507%) Short selling $423.37M; Ratio 13.210% surged 9.51%; KINGBOARD HLDG (00148.HK) +3.620 (+7.301%) Short selling $121.65M; Ratio 9.119% rose 7.3%; CFMEE (09630.HK) +28.200 (+7.864%) gained 7.86%; HANS CNC (03200.HK) +9.000 (+8.955%) Short selling $1.66M; Ratio 1.173% climbed 8.96%; and DELTON (01989.HK) +7.000 (+5.503%) Short selling $42.09M; Ratio 31.996% advanced 5.5%. NVIDIA supplier VGT (02476.HK) +17.000 (+7.185%) Short selling $19.69M; Ratio 2.818% rose 7.2%. Among blue chips, BUD APAC (01876.HK) -0.205 (-3.236%) Short selling $19.00M; Ratio 32.513% led decliners, dropping 3.24%. HANSOH PHARMA (03692.HK) +4.560 (+14.367%) Short selling $100.77M; Ratio 28.975% rebounded sharply by 14.37% after M Stanley raised its TP to HKD48, making it the best-performing blue chip at midday. SUNNY OPTICAL (02382.HK) +3.550 (+5.671%) Short selling $247.55M; Ratio 22.103% rose 5.67% after interim profit increased 10%. CHINA RES POWER (00836.HK) +0.520 (+2.787%) Short selling $109.26M; Ratio 24.338% gained 2.79% after BofAS reiterated its "Neutral" rating following earnings. SENSETIME-W (00020.HK) -0.045 (-3.061%) Short selling $298.48M; Ratio 47.738% fell 3.06% despite swinging to an interim profit of RMB607 million from a loss. CNOOC (00883.HK) +0.080 (+0.321%) Short selling $261.17M; Ratio 12.919% rose 0.32% after declaring a record-high dividend of HKD0.94. MENGNIU DAIRY (02319.HK) -0.370 (-1.979%) Short selling $89.94M; Ratio 18.398% fell 1.98% after results, while BEONE MEDICINES (06160.HK) -3.600 (-1.578%) Short selling $245.24M; Ratio 28.111% declined 1.58% despite a 385.8% increase in interim profit. Among AI large model stocks, MINIMAX-W (00100.HK) +11.000 (+3.630%) Short selling $377.92M; Ratio 16.778% rose 3.63% after Jefferies raised its TP following results, saying the company's annualized revenue exceeded USD800 million in August and beat expectations. Z.AI (02513.HK) +92.000 (+8.932%) Short selling $213.58M; Ratio 7.133% surged 8.93% after launching and open-sourcing its GLM-5.3-Flash model. On individual stocks, TSINGTAO BREW (00168.HK) -2.340 (-5.460%) Short selling $14.02M; Ratio 13.474% fell 5.46% after BofAS said its quarterly results missed expectations. (mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-26 16:25.) 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