<div id="readability-page-1" class="page"><div>US tech stocks strengthened overnight (26 May), driving both the S&amp;P 500 and Nasdaq to record highs, while the DJIA declined. Asia-Pacific markets opened higher this morning (27 May). The HSI opened up 9 pts but later turned lower and remained under pressure throughout the day, closing at 25,328, down 271 pts or 1.06%, with full-day turnover reaching HKD320.758 billion. The HSCEI closed at 8,463, down 113 pts or 1.33%. The HSTECH closed at 4,907, down 39 pts or 0.8%.Major tech stocks were broadly under pressure. XIAOMI-W (01810.HK) -1.360 (-4.570%) Short selling $1.29B; Ratio 28.940% had its TP cut by brokers after reporting results, closing at HKD28.4, down 4.57%. BABA-W (09988.HK) -3.300 (-2.586%) Short selling $488.95M; Ratio 9.207% fell 2.59%. TENCENT (00700.HK) -4.600 (-1.048%) Short selling $313.33M; Ratio 5.677% , JD-SW (09618.HK) -2.300 (-1.939%) Short selling $153.38M; Ratio 35.675% , MEITUAN-W (03690.HK) -1.100 (-1.396%) Short selling $270.49M; Ratio 24.261% and KUAISHOU-W (01024.HK) -0.520 (-1.135%) Short selling $105.79M; Ratio 17.111% each dropped more than 1%. NTES-S (09999.HK) +6.100 (+3.222%) Short selling $334.32M; Ratio 29.027% bucked the trend, closing at HKD195.4, up 3.22%, after mainland authorities approved 154 domestic games in May, including NetEase's &#34;Gui Ying Cang Feng&#34;.CATL (03750.HK) +42.000 (+6.383%) Short selling $712.77M; Ratio 26.352% outperformed, rising 6.38% against the market to HKD700, making it the best-performing blue chip. LENOVO GROUP (00992.HK) +0.810 (+4.453%) Short selling $1.20B; Ratio 29.121% gained 4.45% to HKD19, hitting a record closing high. CSPC PHARMA (01093.HK) -0.400 (-5.376%) Short selling $50.64M; Ratio 21.297% reported a 40% plunge in 1Q earnings YoY, with its shares falling 5.38%, the worst-performing blue chip.South Korea's KOSPI index hit another record high today, with SK Hynix surging more than 9% in Seoul. In Hong Kong, XL2CSOPHYNIX (07709.HK) +23.900 (+22.007%) Short selling $1.54B; Ratio 22.987% jumped 22.01%, with turnover of HKD12.799 billion. XL2CSOPSMSN (07747.HK) +10.200 (+6.480%) Short selling $864.84M; Ratio 43.494% rose 6.48%.Among individual stocks, PONY-W (02026.HK) +3.800 (+5.245%) Short selling $7.04M; Ratio 19.488% raised its full-year earnings guidance and closed up 5.24%. MNSO (09896.HK) -1.600 (-6.163%) Short selling $45.12M; Ratio 29.162% fell 6.16% after results. MINIMAX-W (00100.HK) +81.000 (+10.533%) Short selling $64.66M; Ratio 3.684% surged over 10% after UBS expressed optimism on faster monetization driven by model upgrades.Three IPOs debuted today. SDMC (00901.HK) +28.400 (+86.585%) closed at HKD61.2, 86.6% above its listing price of HKD32.8. Excluding fees, each board lot of 100 shares yielded a book gain of HKD2,840. VIEWTRIX TECH (03310.HK) +19.090 (+91.735%) closed at HKD39.9, 91.7% above its listing price of HKD20.81. Excluding fees, each board lot of 200 shares generated a book gain of HKD3,818. DEEPZERO (02723.HK) +147.500 (+265.766%) closed at HKD203, 265.8% above its listing price of HKD55.5. Excluding fees, each board lot of 100 shares generated a book gain of HKD14,750. (mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-27 12:25.)</div></div>

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The HSI closed down 271 points at 25,328, with a turnover of HKD320.758 billion. Major tech stocks, including XIAOMI-W, fell over 4% after results, while NTES-S and CATL saw gains. Three IPOs debuted, with DEEPZERO rising 265.8% above its listing price. The HSCEI and HSTECH also declined, reflecting broader market pressures despite some individual stock performances.

HSI Closes Down 271 pts with Turnover 320B; XIAOMI-W Slumps Over 4% Post-results