I'm LongbridgeAI, I can summarize articles.The Federal Reserve kept interest rates unchanged, while US stocks were steady overnight (28th). The fifth plenary session of the 20th CPC Central Committee will conclude today (29th), with the market awaiting announcements after the meeting. Hong Kong stocks saw futures settlement day trading with volatile performance in the morning session. The HSI opened down 6 pts this morning before turning positive briefly, then once dropped as much as 108 pts and temporarily fell below the 23,000 mark before stabilizing. The HSI closed the half-day at 23,106, up 11 pts or 0.05%, with half-day turnover at HKD98.202 billion. The HSCEI closed the half-day at 7,814, up 23 pts or 0.3%. The HSTECH remained under pressure, closing the half-day at 3,777, down 76 pts or 1.98%.
Major tech stocks generally weakened. TENCENT (00700.HK) -5.800 (-1.496%) Short selling $608.32M; Ratio 17.716% fell 1.5%; BABA-W (09988.HK) -2.150 (-2.174%) Short selling $218.38M; Ratio 9.772% slid 2.17%; MEITUAN-W (03690.HK) -1.000 (-1.404%) Short selling $162.43M; Ratio 22.086% dropped 1.4%; NTES (09999.HK) -2.600 (-1.476%) Short selling $90.46M; Ratio 14.049% declined 1.48%; while XIAOMI-W (01810.HK) +0.320 (+1.249%) Short selling $276.07M; Ratio 24.206% bucked the trend to rise 1.25%.
Financial stocks supported the market. PING AN (02318.HK) +1.480 (+3.059%) Short selling $317.20M; Ratio 21.236% rose 3.06% after results. CHINA LIFE (02628.HK) +0.640 (+2.707%) Short selling $252.43M; Ratio 33.291% , CCB (00939.HK) +0.260 (+2.621%) Short selling $214.62M; Ratio 13.475% , ICBC (01398.HK) +0.205 (+2.696%) Short selling $164.77M; Ratio 11.936% , BANK OF CHINA (03988.HK) +0.125 (+2.070%) Short selling $119.47M; Ratio 18.595% and AIA (01299.HK) +1.600 (+2.257%) Short selling $154.09M; Ratio 23.901% each gained more than 2%. The UK banking sector profit surcharge was raised to 6%, with the increase milder than expected. HSBC HOLDINGS (00005.HK) +0.500 (+0.369%) Short selling $172.93M; Ratio 26.291% rose 0.37%, while STANCHART (02888.HK) +0.800 (+0.364%) Short selling $27.27M; Ratio 11.683% , whose share price surged more than 7% yesterday, closed up 0.36% at midday today.
Among other blue chips, NEW ORIENTAL-S (09901.HK) -4.940 (-11.553%) Short selling $35.18M; Ratio 12.984% was the worst performer, plunging 11.55% in the half-day session after Goldman Sachs cut its TP due to weak margin performance. LENOVO GROUP (00992.HK) -1.600 (-6.728%) Short selling $494.15M; Ratio 35.220% fell 6.73%. PETROCHINA (00857.HK) +0.320 (+3.216%) Short selling $163.47M; Ratio 27.893% rose 3.22% after results and received positive broker comments. JIANGXI COPPER (00358.HK) -3.800 (-13.005%) Short selling $135.15M; Ratio 23.519% slumped 13% after results. GEELY AUTO (00175.HK) +0.330 (+2.326%) Short selling $105.78M; Ratio 33.678% was due to release results at noon and rose 2.33% in the morning session. BUD APAC (01876.HK) +0.010 (+0.172%) Short selling $12.96M; Ratio 29.225% closed the half-day at HKD5.815, up 0.17%, with turnover of HKD44.3397 million. Its normalized net profit for the first three quarters fell 7.4% to USD628 million, while sales volume and revenue in the China market each decreased 9.7%.
Microsoft and Alphabet reported capital expenditure below expectations, causing AI hardware stocks to come under broad pressure today after gains yesterday. Hong Kong-listed chip stocks tumbled, with SMIC (00981.HK) -3.100 (-6.485%) Short selling $231.35M; Ratio 9.226% , HUA HONG GRACE (01347.HK) -4.750 (-6.786%) Short selling $255.87M; Ratio 20.379% , ILUVATAR COREX (09903.HK) -5.050 (-6.861%) Short selling $8.57M; Ratio 5.755% and GIGADEVICE (03986.HK) -24.400 (-6.793%) Short selling $22.99M; Ratio 7.093% each dropping more than 6%, while MONTAGE TECH (06809.HK) -13.000 (-5.647%) Short selling $13.97M; Ratio 5.408% fell 5.65%. Samsung Electronics' third-quarter net profit increased more than fivefold but still missed expectations. The Hong Kong-listed Samsung Electronics Daily Leveraged Maximum (2x) Product (07747.HK) -6.500 (-10.924%) Short selling $113.68M; Ratio 17.802% plunged 10.92% at half-day, while the SK Hynix Daily Leveraged Maximum (2x) Product (07709.HK) +0.540 (+2.124%) Short selling $558.48M; Ratio 16.198% rose 2.12%.
Among the two major AI model stocks, MINIMAX-W (00100.HK) -9.800 (-5.438%) Short selling $144.13M; Ratio 15.470% fell 5.44%, while Z.AI (02513.HK) -40.500 (-7.087%) Short selling $359.09M; Ratio 25.293% slumped 7.09%. PCB stocks were under pressure. KB LAMINATES (01888.HK) -3.100 (-7.692%) Short selling $211.98M; Ratio 20.871% fell 7.69%; KINGBOARD HLDG (00148.HK) -3.260 (-6.678%) Short selling $37.86M; Ratio 10.008% dropped 6.68%; VGT (02476.HK) -12.400 (-8.305%) Short selling $59.42M; Ratio 22.239% and CFMEE (09630.HK) -15.200 (-8.102%) each lost more than 8%; DELTON (01989.HK) -7.050 (-9.546%) Short selling $19.66M; Ratio 17.882% and HANS CNC (03200.HK) -6.100 (-9.975%) Short selling $1.70M; Ratio 1.723% plunged more than 9%. Optical communication concept stocks also weakened, with ZJ INNOLIGHT (03308.HK) -68.500 (-8.726%) Short selling $334.28M; Ratio 35.288% and YOFC (06869.HK) -9.300 (-8.333%) Short selling $370.39M; Ratio 23.943% both falling more than 8%.
Among individual stocks, CGN POWER (01816.HK) +0.130 (+3.939%) Short selling $34.37M; Ratio 6.249% rose 3.94% in the half-day session after BofA Securities and JPMorgan said its third-quarter net profit beat expectations. TOPSPORTS (06110.HK) +0.115 (+11.675%) Short selling $10.24M; Ratio 15.044% closed the half-day at HKD1.1, up 11.68%, with turnover surging to HKD68.0369 million. Its net profit for the first half of the fiscal year ended August declined 16% to RMB660 million, while interim dividend was cut to RMB0.11. Citi said TOPSPORTS' first-half fiscal-year net profit met expectations and payout ratio edged up YoY. TEXWINCA HOLD (00321.HK) -0.125 (-14.045%) , parent company of Baleno, closed the half-day at HKD0.765, down 14.04%, with turnover of HKD9.6324 million. The company issued a profit warning, expecting profit for the six months ended 30 September 2026 to decrease by about 50% to 60% compared with the same period in 2025.(mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-10-29 12:25.)