<div id="readability-page-1" class="page"><div>US stocks closed at record highs for three consecutive sessions last Fri (29th). This morning (1st), the HSI opened down 2 pts before reversing to trade higher, closing at 25,402 at midday, up 220 pts or 0.88%. Half-day turnover reached HKD195.238 billion. The HSTECH closed at 4,972, up 88 pts or 1.81%, while the HSCEI closed at 8,514, up 88 pts or 1.05%.Major Tech stocks were mostly higher. MEITUAN-W (03690.HK) +4.650 (+6.331%) Short selling $2.16B; Ratio 35.961% rallied ahead of its results, closing at HKD78.1, up 6.33%. TENCENT (00700.HK) +11.000 (+2.575%) Short selling $1.13B; Ratio 5.480% repurchased nearly 1.17 million shares for HKD500 million, with its shares up 2.57% at midday. BABA-W (09988.HK) +2.800 (+2.316%) Short selling $1.44B; Ratio 11.050% rose 2.32%, and POP MART (09992.HK) +5.500 (+3.172%) Short selling $1.44B; Ratio 13.748% gained 3.17%. JD-SW (09618.HK) -1.100 (-0.969%) Short selling $710.81M; Ratio 26.951% and BIDU-SW (09888.HK) -0.600 (-0.462%) Short selling $733.74M; Ratio 17.935% slipped less than 1%.Among blue chips, LENOVO GROUP (00992.HK) +1.460 (+6.083%) Short selling $3.61B; Ratio 20.693% continued to hit new highs, rising 6.08% at midday after G Sachs lifted its TP to HKD31. LAOPU GOLD (06181.HK) +45.500 (+9.028%) Short selling $315.60M; Ratio 25.765% climbed 9.03%, CHOW TAI FOOK (01929.HK) +0.560 (+5.096%) Short selling $52.45M; Ratio 9.245% gained 5.1%. INNOVENT BIO (01801.HK) -2.750 (-3.299%) Short selling $421.45M; Ratio 15.692% closed at HKD80.6, down over 3%, making it the worst-performing blue chip in the morning session.Three major AI concept stocks declined against the broader market. MINIMAX-W (00100.HK) -123.000 (-14.643%) Short selling $236.78M; Ratio 5.101% opened 5.24% higher but reversed to slump 14.64% at midday, amid news that the company has initiated an A-share IPO and launched the MiniMax M3 model. KNOWLEDGE ATLAS (02513.HK) -157.000 (-9.843%) Short selling $435.71M; Ratio 8.402% fell 9.84%, while XUNCE (03317.HK) -27.000 (-11.894%) Short selling $23.70M; Ratio 3.132% plunged 11.89%. (mn/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.)</div></div>

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LNVGY

MNSO

The Hang Seng Index rose 220 points to 25,402 at midday, driven by gains in major tech stocks. Meituan surged over 6% ahead of results, while Tencent repurchased shares and Lenovo hit new highs. Conversely, AI concept stocks declined sharply, with Minimax slumping over 14% despite an A-share IPO announcement. Other notable movers included Laopu Gold up 9% and Innobio Bio down 3%.

- US stocks reached record highs for three consecutive sessions, influencing the HSI which opened lower but closed up 220 points at 25,402.  
- Major tech stocks like MEITUAN and TENCENT saw gains, while JD and BIDU slipped slightly; among blue chips, LENOVO and LAOPU GOLD recorded significant increases.  
- Conversely, several AI concept stocks, including MINIMAX and KNOWLEDGE ATLAS, experienced sharp declines amid negative market sentiment.

AASTOCKS News

Hang Seng Index

Lenovo Group

Miniso

LENOVO GROUP

MEITUAN

Tencent Holdings Limited

LAOPU GOLD

INNOVITA

FL2 CSOP HSI

ISHARESHSI

FI CSOP HSI

CSOP HS TECH

FI2 CSOP HSI

Meituan

Hang Seng TECH Index

Hang Seng China Enterprises Index

TENCENT

Tencent

BABA-W

Alibaba

POP MART

JD-SW

JD.com

BIDU-SW

Baidu

Goldman Sachs

CHOW TAI FOOK

INNOVENT BIO

MINIMAX-W

KNOWLEDGE ATLAS

XUNCE

MEITUAN-WR

Meituan HK SDR 5to1

TENCENT-R

Tencent HK SDR 10to1

BABA-WR

Alibaba HK SDR 5to1

POP MART HK SDR 20to1

JD-SWR

BIDU-SWR

LENOVO GROUP-R

GS Hldg R

Laopu Gld HK SDR 50to1

HSI Up 220 pts at Half-day; MEITUAN-W  Surges Over 6% Ahead of Results; MINIMAX-W Slumps Over 14%