<div id="readability-page-1"><div>Tensions in Iran showed no signs of easing, while the market also focused on the China-US leaders' meeting scheduled for mid-week. The HSI opened down 82 pts today (11th), but reversed higher in the afternoon, with bulls and bears tussling into the close. The HSI closed at 26,406, up 13 pts or 0.05%. Full-day turnover totaled HKD288.491 billion. The HSCEI closed at 8,884, down 4 pts or 0.05%. The HSTECH closed at 5,106, up 3 pts or 0.07%.Major tech stocks were under pressure. BABA-W (09988.HK) -5.100 (-3.669%) Short selling $2.15B; Ratio 16.230% closed at HKD133.9, down 3.67%. Although the company announced full integration between its AI application Qianwen App and Taobao, the share price remained weak. BIDU-SW (09888.HK) -4.300 (-2.961%) Short selling $1.10B; Ratio 43.866% closed at HKD140.9, down 2.96%, despite reports that its Kunlun Core unit is seeking a Hong Kong listing with a target valuation of at least RMB100 billion. TENCENT (00700.HK) -7.000 (-1.485%) Short selling $873.17M; Ratio 6.740% closed at HKD464.4, down 1.48%.CN Home stocks performed strongly. LONGFOR GROUP (00960.HK) +0.770 (+8.415%) Short selling $142.51M; Ratio 27.951% closed at HKD9.92, up 8.42%, the best-performing blue chip. China Resources Land (001109.HK) closed at HKD38.4, up 4.46%. CHINA OVERSEAS (00688.HK) +0.450 (+2.827%) Short selling $388.34M; Ratio 21.960% closed at HKD16.37, up 2.83%.After JPM raised its most bullish TP on the S Korea KOSPI Index to 10,000, leveraged products in Hong Kong were active. XL2CSOPHYNIX (07709.HK) +18.520 (+23.598%) Short selling $2.96B; Ratio 31.651% surged 23.6% to HKD97, while XL2CSOPSMSN (07747.HK) +8.150 (+5.865%) Short selling $2.25B; Ratio 57.981% rose 5.87% to HKD147.1. SK Hynix and Samsung Electronics both have substantial exposure to memory businesses. Hong Kong-listed semiconductor stocks were also strong. SMIC (00981.HK) +3.250 (+4.431%) Short selling $1.06B; Ratio 12.460% closed at HKD76.6, up 4.43%. HUA HONG SEMI (01347.HK) +3.200 (+2.446%) Short selling $600.82M; Ratio 10.994% closed at HKD134, up 2.45%.Memory chip H shares advanced sharply. GIGADEVICE (03986.HK) +39.000 (+7.959%) closed at HKD529, up 7.96%. MONTAGE TECH (06809.HK) +43.000 (+11.448%) hit an intraday high of HKD464.4, a record high since its H-share listing, and closed at HKD418.6, up 11.45%.AI PCB stocks were sought after. VGT (02476.HK) +47.200 (+13.665%) closed at HKD392.6, a record H-share closing high, up 13.7%, with turnover of HKD2.601 billion. KB LAMINATES (01888.HK) +0.680 (+1.571%) Short selling $565.71M; Ratio 21.662% once rose to HKD45.28, a record high since listing, and closed at HKD43.96, up 1.57%, with turnover of HKD2.612 billion.Among individual stocks, LENOVO GROUP (00992.HK) +0.870 (+6.938%) Short selling $869.16M; Ratio 35.278% closed at HKD13.41, up 6.94%. SUNNY OPTICAL (02382.HK) -2.300 (-3.407%) Short selling $257.62M; Ratio 23.348% closed at HKD65.2, down 3.41%. BWI INT'L (02339.HK) +2.210 (+49.330%) resumed trading this morning after Luxshare Precision acquired a stake from its controlling shareholder, and the stock closed at HKD6.69, surging 49.33% for the day.LDROBOT (01236.HK) +33.640 (+127.618%) debuted today, closing at HKD60, 127.6% higher than its listing price of HKD26.36. Excluding fees, a board lot of 200 shares generated a paper gain of HKD6,728.</div></div>

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The HSI closed up 13 points at 26,406, reversing from an initial drop, with a total turnover of HKD288.491 billion. Major tech stocks like Alibaba and Baidu faced declines despite significant announcements. In contrast, CN Home stocks rallied, with Longfor Group rising 8.42%. Semiconductor stocks also performed well, with GIGADEVICE and Montage Tech seeing substantial gains. LDROBOT debuted strongly, surging 127.6% on its first day. Market focus remains on geopolitical tensions and the upcoming China-US leaders' meeting.

AASTOCKS News

LONGFOR GROUP

Hwabao WP CSI 800 Real Estate ETF

China Southern CSI All Share Real Estate ETF

ChinaAMC CSI All Share Real Estate ETF

ChinaAMC Guozheng Semiconductor Chip ETF

Hang Seng Index

LDROBOT

Hang Seng China Enterprises Index

Hang Seng TECH Index

BABA-W

BIDU-SW

TENCENT

CHINA RES LAND

CHINA OVERSEAS

JPMorgan Chase

XL2CSOPHYNIX

XL2CSOPSMSN

Samsung Electronics 

SMIC

HUA HONG SEMI

GIGADEVICE

MONTAGE TECH

Montage Technology

KB LAMINATES

LENOVO GROUP

SUNNY OPTICAL

BWI INT'L

立讯精密工业股份有限公司

LUXSHARE-ICT

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

LENOVO GROUP-R

Lenovo Group

HSI Reverses to Close Up 13 pts; CN Home, Chip Stocks Rally; LDROBOT  Debuts Surging Nearly 1.3x