<div id="readability-page-1"><div>US stocks were volatile overnight (21st). The DJIA once fell 311 points after opening lower, but later reversed to rise as much as 372 points on reports that Iran and the US had reached a final draft of a peace agreement. However, Iranian officials denied that any agreement had been reached, narrowing the DJIAs gains. The index still closed at a record high of 50,285, up 0.55%. The S&amp;P 500 rebounded 0.17%, while the Nasdaq edged up 0.09%. The HSI opened this morning (22nd) at 25,641, up 255 points or 1.01%. The HSCEI opened at 8,560, up 85 points or 1.01%. The HSTECH opened at 4,843, up 75 points or 1.57%.Major tech heavyweights generally traded higher. NTES-S (09999.HK) +7.200 (+4.193%) Short selling $799.46M; Ratio 41.069% reported 1Q26 net profit beating expectations, opening at HKD177.7, up 3.49%. TENCENT (00700.HK) +5.200 (+1.185%) Short selling $1.45B; Ratio 8.229% rose 0.73%; MEITUAN-W (03690.HK) -0.600 (-0.731%) Short selling $904.50M; Ratio 23.846% gained 1.22%; BABA-W (09988.HK) +1.100 (+0.873%) Short selling $2.01B; Ratio 12.613% advanced 1.75%.Among blue chips, LENOVO GROUP (00992.HK) +1.340 (+10.190%) Short selling $711.59M; Ratio 30.862% opened 4.88% higher after its fourth-quarter net profit surged 4.8x YoY and final dividend increased 10%. WHARF REIC (01997.HK) +0.160 (+0.651%) Short selling $30.64M; Ratio 28.487% opened up 6.11%; SUNNY OPTICAL (02382.HK) +0.850 (+1.239%) Short selling $804.74M; Ratio 29.066% rose 3.64%; SMIC (00981.HK) +0.400 (+0.539%) Short selling $1.46B; Ratio 10.608% gained 3.57% at the open.Individually, NIO-SW (09866.HK) +0.920 (+2.142%) Short selling $222.89M; Ratio 56.269% opened 2.75% higher. Its adjusted net profit, excluding share-based compensation, amounted to RMB43.5 million in 1Q26, marking the second consecutive profitable quarter. SDHG (00412.HK) +0.030 (+2.564%) surged 23.93% at the open after announcing the sale of its stake in 21Vianet for USD942 million to an investment entity related to CATL. VTECH HOLDINGS (00303.HK) -4.450 (-7.271%) Short selling $4.97M; Ratio 20.925% opened 2.78% lower after full-year profit fell 14.5% YoY and the final dividend was reduced 18% to USD0.36. (mn/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-21 16:25.)</div></div>

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The HSI opened up 255 points at 25,641, reflecting a 1.01% increase. Major tech stocks like NTES-S rose 3.6% after reporting strong Q1 profits. Other tech giants such as Tencent and Meituan also saw gains. Lenovo Group surged 10.19% following a significant profit increase. In contrast, VTech Holdings dropped 7.27% due to a decline in annual profits and reduced dividends.

- US stocks experienced significant volatility, with the DJIA initially falling but later rebounding to close at a record high of 50,285, up 0.55%.  
- Major tech companies saw gains, led by NTES-S, which rose 4.19% after a strong earnings report, while Lenovo's profit surged 4.8 times year-on-year, boosting its share price by 10.19%.  
- The Hong Kong market opened positively, with the HSI up 1.01%, despite mixed performances among individual stocks, including a significant drop for VTECH HOLDINGS.

HSI Opens Up 255 pts; NTES-S Opens Up 3.6% Post Results