<div id="readability-page-1"><div>At midday close, HSI dropped 75 pts or 0.3% to 26,318. HSTI rose 2 pts or 0.0% to 5,105. HSCEI fell 26 pts or 0.3% to 8,862.Active Heavyweights: BABA (09988.HK) -4.500 (-3.237%) Short selling $2.09B; Ratio 25.406% closed at $134.5, down 3.2% TENCENT (00700.HK) -6.600 (-1.400%) Short selling $1.16B; Ratio 9.780% closed at $464.8, down 1.4% XIAOMI (01810.HK) +0.140 (+0.442%) Short selling $990.37M; Ratio 23.761% closed at $31.82, up 0.4%HSI &amp; HSCEI Constituents on Move: LENOVO GROUP (00992.HK) +0.860 (+6.858%) Short selling $227.28M; Ratio 25.853% closed at $13.4, up 6.9%, hitting new high SMIC (00981.HK) +4.200 (+5.726%) Short selling $814.03M; Ratio 10.432% closed at $77.55, up 5.7% LONGFOR (00960.HK) +0.480 (+5.246%) Short selling $99.92M; Ratio 32.961% closed at $9.63, up 5.2% NEW ORIENTAL (09901.HK) -2.100 (-4.836%) Short selling $46.72M; Ratio 30.752% closed at $41.32, down 4.8% SUNNY OPTICAL (02382.HK) -3.000 (-4.444%) Short selling $155.90M; Ratio 26.192% closed at $64.5, down 4.4% LI AUTO (02015.HK) +2.550 (+3.640%) Short selling $166.63M; Ratio 30.735% closed at $72.6, up 3.6% HORIZONROBOT-W (09660.HK) -0.250 (-3.561%) Short selling $233.47M; Ratio 30.310% closed at $6.77, down 3.6% TRIP.COM-S (09961.HK) -14.800 (-3.549%) Short selling $171.79M; Ratio 29.822% closed at $402.2, down 3.5% BIDU-SW (09888.HK) -5.000 (-3.444%) Short selling $1.05B; Ratio 26.563% closed at $140.2, down 3.4% CHINA OVERSEAS (00688.HK) +0.430 (+2.701%) Short selling $287.19M; Ratio 28.744% closed at $16.35, up 2.7%, hitting new high CHINA RES LAND (01109.HK) +0.760 (+2.067%) Short selling $292.10M; Ratio 17.219% closed at $37.52, up 2.1%, hitting new highHSMI &amp; HSSI Constituents on Move: INNOGEN (02591.HK) +5.170 (+40.870%) closed at $17.82, up 40.9% NUOBIKAN (02635.HK) -3.550 (-18.020%) closed at $16.15, down 18% GOFINTECH QUANT (00290.HK) +1.030 (+12.218%) Short selling $372.94K; Ratio 0.387% closed at $9.46, up 12.2%, hitting new high GUOXIA TECH (02655.HK) +3.380 (+11.297%) closed at $33.3, up 11.3% LINGBAO GOLD (03330.HK) -2.560 (-10.224%) Short selling $86.44M; Ratio 11.957% closed at $22.48, down 10.2% FIT HON TENG (06088.HK) +0.900 (+9.912%) Short selling $74.75M; Ratio 10.821% closed at $9.98, up 9.9%, hitting new high (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-08 16:25.)</div></div>

BABA

LNVGY

BABX

At midday, the HSI fell 75 points (0.3%) to 26,318, while the HSTI rose 2 points (0.0%) to 5,105. Notable declines included BABA down 3.2% and TENCENT down 1.4%. Conversely, LENOVO GROUP, CHINA OVERSEAS, CHINA RES LAND, and GOFINTECH QUANT reached new highs, with LENOVO up 6.9%. Other significant movers included SMIC (+5.7%) and LONGFOR (+5.2%).

- At midday close, the Hang Seng Index (HSI) dropped 75 points to 26,318, while the Hang Seng Technology Index (HSTI) rose marginally to 5,105.  
- Notable movements included Lenovo Group increasing by 6.9% and SMIC by 5.7%, while New Oriental and Sunny Optical fell by 4.8% and 4.4%, respectively.  
- Short selling activity was significant, with major players like Alibaba and Tencent experiencing high ratios, indicating continued market volatility.

AASTOCKS News

Alibaba

Lenovo Group

BABA 2x Long Daily ETF - GraniteShares

TENCENT

Tencent

Tencent Holdings Limited

HSI Closes Midday at 26,318, Down 75 pts; HSTI Closes Midday at 5,105, Up 2 pts; BABA Down over 3%; LENOVO GROUP, CHINA OVERSEAS, CHINA RES LAND, GOFINTECH QUANT, FIT HON TENG Hit New Highs