<div id="readability-page-1"><div>Amid market focus on the situation in Iran and the upcoming meeting between Chinese and US leaders later this week, the HSI opened down 82 pts today (11th) and fluctuated within a narrow range in the morning session. It closed at 26,318 at midday, down 75 pts or 0.29%, with half-day turnover reaching HKD157.031 billion. The HSCEI closed at 8,862, down 26 pts or 0.3%. The HSTECH bucked the trend, edging up 2 pts or 0.05% to 5,105.Leading Tech names were under pressure. BABA-W (09988.HK) -4.500 (-3.237%) Short selling $2.09B; Ratio 25.406% closed at HKD134.5, down 3.24%. Although it announced full integration of its AI application &#34;Qianwen app&#34; with Taobao to optimize the shopping process, the share price still retreated with the broader market. BIDU-SW (09888.HK) -5.000 (-3.444%) Short selling $1.05B; Ratio 26.563% closed at HKD140.2, down 3.44%, with market sources indicating that its Kunlunxin unit is seeking a Hong Kong listing at a target valuation of at least RMB100 billion. Tengxun (000700.HK) closed at HKD464.8, down 1.4%.After JPM raised its most bullish TP for South Korea's KOSPI index to 10,000, leveraged products in Hong Kong were active. XL2CSOPHYNIX (07709.HK) +19.680 (+25.076%) Short selling $2.12B; Ratio 40.159% closed at HKD98.160, up 25.08%, with volume of 38.5685 million shares and turnover of HKD3.76 billion. XL2CSOPSMSN (07747.HK) +10.050 (+7.233%) Short selling $749.43M; Ratio 28.291% closed at HKD149, up 7.23%. SK Hynix and Samsung Electronics both have substantial exposure to the memory chip business. Hong Kong-listed semiconductor stocks were also strong, with SMIC (00981.HK) +4.200 (+5.726%) Short selling $814.03M; Ratio 10.432% closing at HKD77.55 at midday, up 5.73%, and HUA HONG SEMI (01347.HK) +7.200 (+5.505%) Short selling $721.45M; Ratio 9.961% at HKD138, up 5.5%.Memory chip plays surged. GIGADEVICE (03986.HK) +60.000 (+12.245%) closed at HKD550 at midday, up 12.24%, with turnover of HKD1.253 billion. MONTAGE TECH (06809.HK) +77.400 (+20.607%) hit an intraday high of HKD464.4, a record since its H-share listing, and closed at HKD453 at midday, up 20.61%, with turnover of HKD1.426 billion.Chinese property developers performed well. LONGFOR GROUP (00960.HK) +0.480 (+5.246%) Short selling $99.92M; Ratio 32.961% rose 5.2%, while CHINA RES LAND (01109.HK) +0.760 (+2.067%) Short selling $292.10M; Ratio 17.219% and CHINA OVERSEAS (00688.HK) +0.430 (+2.701%) Short selling $287.19M; Ratio 28.744% gained 2.1% to 2.7%.Among individual stocks, LENOVO GROUP (00992.HK) +0.860 (+6.858%) Short selling $227.28M; Ratio 25.853% closed at HKD13.4, up 6.86%, the best performer among blue chips. SUNNY OPTICAL (02382.HK) -3.000 (-4.444%) Short selling $155.90M; Ratio 26.192% closed at HKD64.5, down 4.44%. BWI INT'L (02339.HK) +2.370 (+52.902%) resumed trading this morning after Luxshare Precision acquired a stake from its controlling shareholder. It closed at HKD6.85 at midday, up 52.9%.NEW ORIENTAL-S (09901.HK) -2.100 (-4.836%) Short selling $46.72M; Ratio 30.752% and SUNNY OPTICAL (02382.HK) -3.000 (-4.444%) Short selling $155.90M; Ratio 26.192% fell 4.8% and 4.4% respectively at midday, the worst performers among blue chips.Ldrobot (01236.HK) +33.740 (+127.997%) debuted today, opening at HKD53.5, 103% above its listing price of HKD26.36. It closed at HKD60.1 at midday, 128% above its listing price, with half-day volume of 12.8704 million shares and turnover of HKD783 million. (mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-08 16:25.)</div></div>

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The HSI fell 75 points to 26,318 at midday, influenced by geopolitical concerns and upcoming US-China talks. The HSCEI also declined, while the HSTECH saw a slight increase. Major tech stocks like Alibaba and Baidu faced pressure despite announcements. Memory chip stocks surged, with GIGADEVICE and MONTAGE TECH showing significant gains. Chinese property developers performed well, and Ldrobot debuted strongly, closing 128% above its listing price. Overall, the market showed mixed results amid varying performances across sectors.

AASTOCKS News

LDROBOT

HSTECH ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

VanEck Semiconductor ETF

KraneShares 2x Long BABA Daily ETF

China Southern CSI Semiconductor Industry Custom ETF

BABA 2x Long Daily ETF - GraniteShares

ChinaAMC Guozheng Semiconductor Chip ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

ChinaAMC Hang Seng Technology ETF(QDII)

Guotai CES Semiconductor Chip Industry ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

Direxion Semicon Bull 3X

SPDR S&P Semicon

Hang Seng TECH ETF I

Hang Seng Index

Hang Seng China Enterprises Index

Hang Seng TECH Index

BABA-W

BIDU-SW

TENCENT

JPMorgan Chase

XL2CSOPHYNIX

XL2CSOPSMSN

Samsung Electronics 

SMIC

HUA HONG SEMI

GIGADEVICE

MONTAGE TECH

LONGFOR GROUP

CHINA RES LAND

CHINA OVERSEAS

LENOVO GROUP

SUNNY OPTICAL

BWI INT'L

LUXSHARE-ICT

NEW ORIENTAL-S

Alibaba

BABA-WR

Alibaba HK SDR 5to1

BIDU-SWR

Baidu

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

Samsung Electronics Co., Ltd. Sponsored GDR

SMIC HK SDR 5to1

Hua Hong

Montage Technology

LENOVO GROUP-R

Lenovo Group

HSI Falls 75 pts at Midday; Chip and Memory Plays Rally; Ldrobot  Debuts, Surges Nearly 1.3x