<div id="readability-page-1"><div>Asia-Pacific markets rose, and Hong Kong equities advanced in line with external markets. The HSI opened up 361 pts, with gains widening to a peak of 26,326, once surging 549 pts. It closed at 26,095, up 319 pts or 1.2%. The HSCEI closed at 8,774, up 92 pts or 1.1%. The HSTECH closed at 4,976, up 105 pts or 2.2%. Southbound trading via Stock Connect was suspended due to the Mainland &#34;May Day&#34; holiday. Total market turnover for the day amounted to HKD176.979 billion.Major blue chips traded higher. HSBC HOLDINGS (00005.HK) +3.200 (+2.282%) Short selling $292.96M; Ratio 19.639% rose 2.3%, AIA (01299.HK) +0.950 (+1.117%) Short selling $452.40M; Ratio 28.631% and HKEX (00388.HK) +2.600 (+0.630%) Short selling $111.17M; Ratio 9.937% gained 1.1% and 0.6%, respectively.TENCENT (00700.HK) +5.200 (+1.112%) Short selling $1.13B; Ratio 10.030% added 1.1%. Data showed that weekly invocation volume of Chinas large AI models again exceeded that of the US, with Tencents Hunyuan 3 free preview version ranking first in model usage. BABA-W (09988.HK) +5.700 (+4.524%) Short selling $1.60B; Ratio 17.830% climbed 4.5%, while MEITUAN-W (03690.HK) +1.200 (+1.441%) Short selling $445.80M; Ratio 30.856% rose 1.4%. BYD COMPANY (01211.HK) +0.500 (+0.488%) Short selling $721.79M; Ratio 44.790% edged up 0.5%, with April new energy vehicle sales increasing 7% MoM. XIAOMI-W (01810.HK) +1.960 (+6.754%) Short selling $3.10B; Ratio 42.384% rebounded 6.8% to close at HKD30.98, the best-performing blue chip, as BofAS expected its 1Q26 smartphone gross margin to beat expectations.Among other tech names, BIDU-SW (09888.HK) +4.100 (+3.454%) Short selling $376.45M; Ratio 35.732% and KUAISHOU-W (01024.HK) +1.560 (+3.636%) Short selling $494.47M; Ratio 36.414% rose 3.5% and 3.6%, respectively, while NTES-S (09999.HK) +2.900 (+1.620%) Short selling $289.13M; Ratio 24.383% gained 1.6%. BofAS lifted its forecast for global hyperscale cloud capex to above USD800 billion. Data center power-related play WEICHAI POWER (02338.HK) +4.680 (+12.112%) Short selling $519.40M; Ratio 30.519% surged 12%. Renewable energy stocks advanced, with CHINA LONGYUAN (00916.HK) +0.271 (+4.113%) Short selling $55.71M; Ratio 35.907% up 4.1%, GOLDWIND (02208.HK) +0.930 (+5.382%) Short selling $62.10M; Ratio 21.803% , XINYI SOLAR (00968.HK) +0.160 (+5.594%) Short selling $32.12M; Ratio 20.301% and DATANG RENEW (01798.HK) +0.100 (+6.579%) Short selling $6.00M; Ratio 35.713% jumping 5.4% to 6.6%. Optical fiber maker (006869.HK) rose 12.5%, while optical communications concept XIZHI TECH-P (01879.HK) +124.000 (+15.233%) soared over 15%.SMIC (00981.HK) +1.250 (+1.763%) Short selling $346.37M; Ratio 11.880% gained 1.8%, HUA HONG SEMI (01347.HK) +6.900 (+6.047%) Short selling $295.95M; Ratio 16.932% rose 6%, and ILUVATAR COREX (09903.HK) +94.200 (+20.223%) Short selling $103.24M; Ratio 8.611% surged 20%. AI-related stocks MINIMAX-W (00100.HK) +90.000 (+12.623%) Short selling $32.51M; Ratio 2.261% and MANYCORE TECH (00068.HK) +4.240 (+18.629%) climbed 13% and 19%, respectively, while KNOWLEDGE ATLAS (02513.HK) +89.000 (+10.253%) Short selling $91.15M; Ratio 6.295% rose 10%.Apple shares rose after results. Handset component makers COWELL (01415.HK) +1.300 (+4.114%) Short selling $4.72M; Ratio 8.189% , AAC TECH (02018.HK) +1.620 (+4.500%) Short selling $59.75M; Ratio 28.511% and SUNNY OPTICAL (02382.HK) +2.400 (+3.768%) Short selling $169.93M; Ratio 31.711% gained 3.8% to 4.5%, while Q TECH (01478.HK) +0.500 (+6.143%) Short selling $10.11M; Ratio 12.412% added 6.1%. Among other automakers, LI AUTO-W (02015.HK) +2.600 (+3.849%) Short selling $138.85M; Ratio 27.174% rose 3.8% and XPENG-W (09868.HK) +1.550 (+2.541%) Short selling $113.42M; Ratio 29.675% gained 2.5%. NIO-SW (09866.HK) -1.160 (-2.358%) Short selling $144.37M; Ratio 40.947% reported April deliveries up 23% YoY, but its shares fell back 2.4%. Battery maker CATL (03750.HK) +23.500 (+3.865%) Short selling $335.79M; Ratio 5.759% rose 3.9%, and TIANNENG POWER (00819.HK) +0.700 (+12.195%) Short selling $21.43M; Ratio 19.079% jumped 12%. In pharmaceuticals, HENGRUI PHARMA (01276.HK) +2.400 (+3.692%) Short selling $15.85M; Ratio 10.366% and WUXI BIO (02269.HK) +1.520 (+4.600%) Short selling $109.33M; Ratio 19.217% rose 3.7% and 4.6%, respectively, while AKESO (09926.HK) -8.000 (-5.891%) Short selling $250.54M; Ratio 27.093% and JUNSHI BIO (01877.HK) -1.120 (-4.255%) Short selling $7.68M; Ratio 33.765% fell 5.8% and 4.3%.Oil stocks bucked the trend. CNOOC (00883.HK) -0.760 (-2.587%) Short selling $115.65M; Ratio 13.742% and PETROCHINA (00857.HK) -0.330 (-2.743%) Short selling $309.73M; Ratio 30.037% dropped 2.6% and 2.7%, respectively. In Macau gaming, (000027.HK) fell 2.8%, while MGM CHINA (02282.HK) -0.440 (-3.767%) Short selling $32.01M; Ratio 45.863% and MELCO INT'L DEV (00200.HK) -0.150 (-3.521%) Short selling $4.50M; Ratio 28.014% each declined over 3%. Airline stocks CHINA SOUTH AIR (01055.HK) +0.180 (+4.545%) Short selling $15.90M; Ratio 33.359% , CHINA EAST AIR (00670.HK) +0.190 (+4.935%) Short selling $11.93M; Ratio 29.066% and AIR CHINA (00753.HK) +0.280 (+5.970%) Short selling $15.96M; Ratio 17.604% rose 4.5% to 6%.In property, BEKE-W (02423.HK) +2.800 (+6.616%) Short selling $166.14M; Ratio 36.370% climbed 6.6%, while CHINA OVERSEAS (00688.HK) +0.520 (+3.916%) Short selling $183.12M; Ratio 33.240% and CHINA VANKE (02202.HK) +0.170 (+5.686%) Short selling $4.98M; Ratio 12.821% rose 3.9% and 5.7%. Elsewhere, POP MART (09992.HK) -1.500 (-0.954%) Short selling $713.51M; Ratio 36.907% reversed to fall 1%, STANCHART (02888.HK) +6.200 (+3.249%) Short selling $7.67M; Ratio 4.064% gained a further 3.2%, and HENDERSON LAND (00012.HK) +1.520 (+4.938%) Short selling $246.66M; Ratio 43.902% rose 4.9%. (fc/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-04 16:25.)</div>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</div>

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The HSI closed up 319 points, or 1.2%, at 26,095, following a strong performance in Asia-Pacific markets. Major blue chips like HSBC, AIA, and Tencent saw gains, with Alibaba and Xiaomi rallying significantly. AI-related stocks surged, reflecting increased usage of China's large AI models. Total market turnover reached HKD176.979 billion, while renewable energy stocks also advanced. Notably, NIO shares fell despite reporting a 23% YoY increase in deliveries. Overall, the market showed positive momentum driven by technology and AI sectors.

HSI Closes Up 319 pts; BABA-W and XIAOMI-W Rally as AI Stocks Surge