<div id="readability-page-1" class="page"><div>Markets continue to monitor the meeting between Chinese and US leaders and developments in the Middle East situation. Overnight (11th), the three major US indices closed slightly higher, with the Nasdaq and S&amp;P 500 hitting fresh record highs. The HSI opened up 90 pts or 0.34% at 26,497 this morning (12th); the HSTECH opened up 23 pts or 0.45% at 5,129; and the HSCEI opened up 18 pts or 0.2% at 8,902.Leading tech stocks showed mixed performance. KUAISHOU-W (01024.HK) +4.200 (+8.140%) Short selling $1.80B; Ratio 30.007% opened up 9.9% at HKD56.7, amid market rumors that the company plans to spin off its Kling AI video generation business for listing next year. TENCENT (00700.HK) +1.200 (+0.258%) Short selling $873.17M; Ratio 6.740% opened down 0.5% at HKD462. MEITUAN-W (03690.HK) +0.350 (+0.415%) Short selling $598.59M; Ratio 24.083% opened down 0.53% at HKD83.9. BABA-W (09988.HK) +0.500 (+0.373%) Short selling $2.15B; Ratio 16.230% opened down 0.3%, while JD-SW (09618.HK) +0.600 (+0.506%) Short selling $319.71M; Ratio 30.518% , which will announce its quarterly results today, opened down 0.25%.Among individual stocks, LONGFOR GROUP (00960.HK) -0.030 (-0.302%) Short selling $142.51M; Ratio 27.951% opened down 1% at HKD9.82 after announcing that its cumulative contracted sales for the first four months of this year declined 53.1% YoY. WH GROUP (00288.HK) -0.050 (-0.509%) Short selling $88.37M; Ratio 31.341% opened up 4.5% at HKD10.27. ZIJIN MINING (02899.HK) +1.340 (+3.547%) Short selling $452.78M; Ratio 25.973% opened up 2% at HKD38.54. (mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-11 16:25.)</div></div>

513130

03032

513180

159740

520670

03033

520920

The HSI opened up 90 points at 26,497, while KUAISHOU-W surged nearly 10% amid rumors of a potential spin-off for its AI video generation business. The US markets closed slightly higher, with the Nasdaq and S&P 500 reaching record highs. Other tech stocks showed mixed results, with TENCENT and MEITUAN-W opening down, while WH GROUP and ZIJIN MINING saw gains. Overall, the market is closely watching developments from the US-China leaders' meeting and the Middle East situation.

AASTOCKS News

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

HSTECH ETF

ChinaAMC Hang Seng Technology ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

Harvest Hang Seng SCHK Technology ETF

CSOP HS TECH

Tianhong Hang Seng TECH ETF(QDII)

Hang Seng Index

KUAISHOU-W

NASDAQ Composite Index

S&P 500

Hang Seng TECH Index

Hang Seng China Enterprises Index

TENCENT

MEITUAN

BABA-W

Alibaba

JD-SW

JD.com

LONGFOR GROUP

WH GROUP

ZIJIN MINING

Zijin Mining

KUAISHOU-WR

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

BABA-WR

Alibaba HK SDR 5to1

JD-SWR

WH Group

HSI Opens Up 90 pts; KUAISHOU-W  Jumps Nearly 10% at Open