<div id="readability-page-1"><div>US stocks fell overnight amid news of clashes between the US and Iran in the Persian Gulf, weighing on Hong Kong equities. The HSI opened down 150 pts, once slid as much as 405 pts to a trough of 25,690, and narrowed losses in the afternoon to close at 25,898, down 197 pts or 0.8%. The HSCEI closed at 8,730, down 43 pts or 0.5%. The HSTECH closed at 4,929, down 47 pts or 0.9%. Southbound trading via Stock Connect was suspended during the Mainland &#34;May Day&#34; holiday. Total market turnover for the day was HKD122.235 billion.Among major stocks, HSBC HOLDINGS (00005.HK) -7.400 (-5.160%) Short selling $265.75M; Ratio 41.339% reported 1Q adjusted profit in line with expectations, but provisions exceeded forecasts. The stock fell 5.2% to HKD136. CKH HOLDINGS (00001.HK) +2.700 (+4.135%) Short selling $30.85M; Ratio 33.880% rose 4.1% after announcing the sale of its entire 49% stake in VodafoneThree, cashing in nearly HKD45.5 billion. TENCENT (00700.HK) -0.800 (-0.169%) Short selling $319.35M; Ratio 9.472% and BABA-W (09988.HK) -0.500 (-0.380%) Short selling $512.18M; Ratio 26.186% slipped 0.2% and 0.4%, while MEITUAN-W (03690.HK) -0.900 (-1.066%) Short selling $167.67M; Ratio 44.692% fell 1.1%. BYD COMPANY (01211.HK) -2.000 (-1.942%) Short selling $567.03M; Ratio 46.741% and XIAOMI-W (01810.HK) -0.520 (-1.679%) Short selling $937.77M; Ratio 54.403% dropped 1.9% and 1.7%. SMIC (00981.HK) -1.350 (-1.871%) Short selling $137.73M; Ratio 20.703% declined 1.9%. HKEX (00388.HK) +3.200 (+0.771%) Short selling $79.21M; Ratio 22.392% rose 0.8%, while AIA (01299.HK) -0.100 (-0.116%) Short selling $202.13M; Ratio 32.587% edged down 0.1%. CATL (03750.HK) +23.500 (+3.721%) Short selling $286.46M; Ratio 13.771% bucked the trend, rising 3.7% after M Stanley raised its H-share TP to HKD815.Other tech names were mixed. KUAISHOU-W (01024.HK) -0.280 (-0.630%) Short selling $115.81M; Ratio 32.185% , JD-SW (09618.HK) -0.600 (-0.514%) Short selling $136.56M; Ratio 44.060% and NTES-S (09999.HK) -0.700 (-0.385%) Short selling $91.40M; Ratio 38.059% fell between 0.4% and 0.6%, while BIDU-SW (09888.HK) +2.600 (+2.117%) Short selling $127.95M; Ratio 36.785% gained 2.1%. AI-related stocks KNOWLEDGE ATLAS (02513.HK) -37.500 (-3.918%) Short selling $13.70M; Ratio 3.770% and MINIMAX-W (00100.HK) -20.500 (-2.553%) Short selling $21.15M; Ratio 4.781% dropped 3.9% and 2.6%, and MANYCORE TECH (00068.HK) -2.320 (-8.593%) plunged 8.6%. Chipmakers HUA HONG SEMI (01347.HK) -2.000 (-1.653%) Short selling $157.86M; Ratio 24.452% and GPIXEL (03277.HK) -2.400 (-2.819%) fell 1.7% and 2.8%. Robotics firm DOBOT (02432.HK) -1.120 (-3.457%) Short selling $1.70M; Ratio 16.113% slid 3.5%. Fiber optic maker YOFC (06869.HK) +2.000 (+0.894%) Short selling $60.42M; Ratio 11.230% rose 0.9%.In the auto sector, SERES (09927.HK) -5.250 (-6.967%) Short selling $1.90M; Ratio 4.334% tumbled 7% amid the expiry of a cornerstone investor lock-up. LEAPMOTOR (09863.HK) -1.760 (-3.701%) Short selling $37.63M; Ratio 43.815% and HORIZONROBOT-W (09660.HK) -0.330 (-4.472%) Short selling $121.81M; Ratio 40.118% fell 3.7% and 4.4%, while battery maker TIANNENG POWER (00819.HK) +0.250 (+3.882%) Short selling $5.76M; Ratio 21.120% climbed 3.9% against the market trend. The pharmaceutical sector was weak, with PHARMARON (03759.HK) -0.880 (-4.155%) Short selling $3.10M; Ratio 18.218% down 4.2%, and WUXI XDC (02268.HK) -1.300 (-2.198%) Short selling $17.10M; Ratio 50.932% and WUXI BIO (02269.HK) -0.720 (-2.083%) Short selling $42.91M; Ratio 21.604% each falling over 2%.Tourism-related stocks weakened. TRIP.COM-S (09961.HK) -6.400 (-1.535%) Short selling $50.63M; Ratio 7.536% and CTG DUTY-FREE (01880.HK) -2.800 (-4.434%) Short selling $42.25M; Ratio 62.855% dropped 1.5% and 4.4%, with the latter seeing TP cuts from M Stanley and G Sachs. Sportswear stocks LI NING (02331.HK) -0.840 (-4.130%) Short selling $45.48M; Ratio 63.646% and ANTA SPORTS (02020.HK) -3.200 (-3.931%) Short selling $55.54M; Ratio 17.070% fell 4.1% and 3.9%. Among others, gold jewelry retailer LAOPU GOLD (06181.HK) -15.500 (-2.724%) Short selling $42.27M; Ratio 35.005% declined 2.7%. Brewer BUD APAC (01876.HK) +0.200 (+2.522%) Short selling $30.88M; Ratio 45.738% reported 1Q net profit down 3% YoY, but its shares rose 2.5%. POP MART (09992.HK) +3.500 (+2.248%) Short selling $167.24M; Ratio 20.244% gained 2.2%.Among IPOs, medical device maker STAR SPORTS MED (01609.HK) +116.500 (+118.274%) closed at HKD215, 118.3% above its listing price of HKD98.5. (fc/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-05 12:25.)</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 down 197 points at 25,898, influenced by US-Iran tensions. HSBC Holdings fell 5.2% post-results due to higher provisions, while CKH Holdings rose 4.1% after selling its Vodafone stake. Overall, the market turnover was HKD122.235 billion, with mixed performances among major stocks. The HSCEI and HSTECH also declined, reflecting broader market weakness amid geopolitical concerns.

HSI Closes Down 197 pts; HSBC HOLDINGS Under Pressure Post-Results; CKH HOLDINGS Up Over 4%