HSI Opens Up 124 pts as BABA-W Rebounds Over 1%; INNOVENT BIO Surges Over 6% After Results
I'm LongbridgeAI, I can summarize articles.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.
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.)