<div id="readability-page-1"><div>Reports said the US and Iran are close to reaching a peace agreement, while strong 1Q results from AMD boosted chip stocks. Overnight, the DJIA rose 1.2%, while the Nasdaq and S&amp;P 500 climbed 2%, with the latter hitting a record high. Hong Kong equities advanced this morning. The HSI opened up 317 pts and extended gains, peaking at 26,642 pts, up 428 pts at one point. At midday, the HSI stood at 26,623 pts, up 410 pts or 1.56%; the HSCEI was at 8,937 pts, up 137 pts or 1.6%; and the HSTECH closed at 5,122 pts, up 153 pts or 3.1%. Half-day turnover totaled HKD165.774 billion.Among major stocks, TENCENT (00700.HK) +16.200 (+3.499%) Short selling $705.98M; Ratio 6.449% and BABA-W (09988.HK) +5.700 (+4.247%) Short selling $1.17B; Ratio 11.998% rose 3.5% and 4.3%, respectively; MEITUAN-W (03690.HK) +1.750 (+2.121%) Short selling $266.50M; Ratio 15.447% gained 2.4%. BYD COMPANY (01211.HK) +1.100 (+1.112%) Short selling $317.10M; Ratio 35.365% and XIAOMI-W (01810.HK) +0.380 (+1.233%) Short selling $701.55M; Ratio 28.553% climbed 2.8% and 2.1%. HSBC HOLDINGS (00005.HK) +1.700 (+1.210%) Short selling $148.05M; Ratio 18.205% and AIA (01299.HK) +1.600 (+1.830%) Short selling $148.83M; Ratio 13.396% added 1.3% and 1.8%, while HKEX (00388.HK) +3.400 (+0.807%) Short selling $116.25M; Ratio 12.557% edged up 0.5%.Among other tech stocks, KUAISHOU-W (01024.HK) +3.560 (+7.911%) Short selling $618.22M; Ratio 18.310% and BIDU-SW (09888.HK) +6.000 (+4.559%) Short selling $491.58M; Ratio 26.492% jumped 7.2% and 5.2%; JD-SW (09618.HK) +2.600 (+2.234%) Short selling $177.93M; Ratio 31.206% and NTES-S (09999.HK) +4.400 (+2.424%) Short selling $93.40M; Ratio 19.366% rose 2.6% and 2.9%, while BILIBILI-W (09626.HK) +7.100 (+4.184%) Short selling $99.12M; Ratio 23.590% and ALI HEALTH (00241.HK) +0.160 (+3.604%) Short selling $82.22M; Ratio 20.795% gained 4% and 4.1%. Software names KINGDEE INT'L (00268.HK) +0.450 (+5.269%) Short selling $22.91M; Ratio 12.146% , CHINASOFT INT'L (00354.HK) +0.130 (+3.927%) Short selling $5.58M; Ratio 10.448% , WEIMOB INC (02013.HK) +0.060 (+4.138%) Short selling $1.34M; Ratio 3.317% and KINGSOFT (03888.HK) +1.260 (+5.459%) Short selling $14.16M; Ratio 7.112% rebounded 4.5% to 5.1%, while cloud services provider KINGSOFT CLOUD (03896.HK) +0.280 (+3.474%) Short selling $6.53M; Ratio 1.779% surged 5%.Chip stocks extended gains. SMIC (00981.HK) +2.700 (+3.607%) Short selling $565.90M; Ratio 12.392% rose 1%, while HUA HONG SEMI (01347.HK) +9.800 (+7.533%) Short selling $478.71M; Ratio 14.808% and NOVOSENSE (02676.HK) +10.700 (+7.314%) jumped 7.2%. BIREN TECH (06082.HK) +7.450 (+14.608%) Short selling $10.77M; Ratio 2.623% surged 12.5%, and ILUVATAR COREX (09903.HK) +20.500 (+3.587%) Short selling $79.38M; Ratio 20.757% gained 5.9%. AI names KNOWLEDGE ATLAS (02513.HK) +23.500 (+2.531%) Short selling $8.79M; Ratio 3.735% and MINIMAX-W (00100.HK) -6.000 (-0.748%) Short selling $10.71M; Ratio 2.533% each slipped 0.6%, while MANYCORE TECH (00068.HK) +0.660 (+2.714%) rose 1.2%.In addition, fiber optic maker YOFC (06869.HK) +14.200 (+6.556%) Short selling $299.29M; Ratio 8.899% advanced 8.9%, electronics stock FIT HON TENG (06088.HK) +0.540 (+6.618%) Short selling $22.44M; Ratio 3.012% climbed 10%, and telecom operator CHINA TELECOM (00728.HK) +0.210 (+4.046%) Short selling $37.91M; Ratio 13.889% rose 3.7%. TECHTRONIC IND (00669.HK) +11.200 (+9.782%) Short selling $338.02M; Ratio 41.303% was upgraded by JPM with a higher TP, citing its positioning in AI data centers and related infrastructure as a structural multi-year growth driver; the stock rose 8%, while CHERVON (02285.HK) +1.190 (+7.328%) Short selling $791.37K; Ratio 17.947% gained 5.2%. Auto stocks LI AUTO-W (02015.HK) +1.150 (+1.695%) Short selling $59.38M; Ratio 22.971% , XPENG-W (09868.HK) +1.650 (+2.739%) Short selling $64.33M; Ratio 17.213% and CHERY AUTO (09973.HK) +0.940 (+3.195%) Short selling $1.78M; Ratio 1.820% each rose over 2%. Robotics stock DOBOT (02432.HK) +2.560 (+8.421%) Short selling $4.13M; Ratio 4.826% gained 5.4%, while battery maker CATL (03750.HK) -7.000 (-1.046%) Short selling $972.07M; Ratio 40.912% retreated 2.2%.Among Chinese insurers, CHINA TAIPING (00966.HK) +0.680 (+2.990%) Short selling $7.65M; Ratio 4.651% , PING AN (02318.HK) +1.700 (+2.648%) Short selling $616.02M; Ratio 32.415% and ZA ONLINE (06060.HK) +0.380 (+3.265%) Short selling $3.03M; Ratio 2.952% rose 2.7% to 3.4%, while PICC P&amp;C (02328.HK) +0.840 (+5.983%) Short selling $60.86M; Ratio 14.515% and CHINA LIFE (02628.HK) +1.200 (+4.013%) Short selling $450.88M; Ratio 32.609% gained 4.5%. Chinese property stocks YUEXIU PROPERTY (00123.HK) +0.190 (+4.545%) Short selling $10.47M; Ratio 16.232% , CHINA OVERSEAS (00688.HK) +0.490 (+3.273%) Short selling $131.79M; Ratio 20.252% and CHINA JINMAO (00817.HK) +0.080 (+4.420%) Short selling $5.14M; Ratio 6.100% rose over 3%. Local developer NEW WORLD DEV (00017.HK) +0.400 (+4.405%) Short selling $6.71M; Ratio 11.523% climbed 4.1%.Oil prices once slid more than 10% overnight. PETROCHINA (00857.HK) -0.950 (-8.134%) Short selling $550.74M; Ratio 32.455% and CNOOC (00883.HK) -1.500 (-5.350%) Short selling $228.83M; Ratio 8.806% fell 5.1% and 4.2%, while coal stocks YANKUANG ENERGY (01171.HK) -1.220 (-7.741%) Short selling $57.62M; Ratio 9.699% , CHINA SHENHUA (01088.HK) -1.920 (-4.022%) Short selling $227.52M; Ratio 29.215% and CHINA COAL (01898.HK) -0.660 (-4.832%) Short selling $15.83M; Ratio 8.620% dropped 7%, 3.4% and 4%, respectively. Aluminum producer CHALCO (02600.HK) -0.440 (-3.713%) Short selling $69.59M; Ratio 15.921% declined 3.5%. Resource stock MMG (01208.HK) +0.510 (+5.835%) Short selling $44.25M; Ratio 12.038% rose 6.1%, and gold miner ZIJIN GOLD INTL (02259.HK) +3.400 (+2.107%) Short selling $158.95M; Ratio 19.292% gained 4%.BEONE MEDICINES (06160.HK) +5.800 (+3.187%) Short selling $91.51M; Ratio 15.910% reported a 178-fold increase in 1Q net profit and raised its full-year revenue guidance, with shares up 4.1% at midday. 3SBIO (01530.HK) +0.540 (+2.448%) Short selling $35.30M; Ratio 7.961% and GENSCRIPT BIO (01548.HK) +1.110 (+7.703%) Short selling $25.05M; Ratio 10.147% added 4.5%. CHOW TAI FOOK (01929.HK) +0.730 (+6.734%) Short selling $48.15M; Ratio 37.821% expected annual net profit to increase by up to about 55% YoY, lifting its shares 5.7%. MIDEA GROUP (00300.HK) -2.250 (-2.566%) Short selling $700.34M; Ratio 56.939% issued HKD17.2 billion in zero-coupon convertible bonds, and its shares fell 1.8%. (fc/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-07 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 rose 410 points to 26,623 at midday, driven by positive US market performance and strong earnings from AMD boosting chip stocks. The HSTECH gained 3.1%, with notable surges in KUAISHOU-W and HUA HONG SEMI, both up over 7%. Major stocks like TENCENT and BABA-W also saw gains, while turnover reached HKD165.774 billion. The overall market sentiment remains optimistic amid potential peace talks between the US and Iran.

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Hua Hong

Hang Seng TECH Index

HUA HONG SEMI

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KUAISHOU-W

HSI Up 410 pts at Half Day; HSTECH Gains 3%; KUAISHOU-W  and HUA HONG SEMI Surge Over 7%