<div id="readability-page-1"><div>The DJIA hit a record high overnight (4th), with funds rotating into banking and healthcare stocks. The Nasdaq fluctuated and edged down, while the S&amp;P 500 rose 0.4%. Asia-Pacific equities came under pressure this morning (5th). After opening 67 points lower, the HSI tested the 25,000 level and closed at 25,047 at midday, down 205 points or 0.81%. Half-day turnover amounted to HKD149.764 billion. The HSCEI closed at 8,466 at midday, down 35 points or 0.42%. The HSTECH closed at 4,913 at midday, down 61 points or 1.24%.Mainland China has tightened regulation on outbound investment, but G Sachs believes the actual operational impact on Hong Kong banks and insurers will be limited. AIA (01299.HK) -2.200 (-2.868%) Short selling $1.15B; Ratio 23.140% once fell more than 4% before narrowing losses, closing at HKD74.5 at midday, down 2.87%. HSBC HOLDINGS (00005.HK) -4.600 (-3.142%) Short selling $550.49M; Ratio 31.555% dropped 3.14%, while PRU (02378.HK) -5.200 (-4.815%) Short selling $1.17M; Ratio 5.866% slid 4.81%.Among blue chips, TENCENT (00700.HK) -0.200 (-0.044%) Short selling $2.33B; Ratio 17.503% closed at HKD458.8 at midday, down 0.04%. LENOVO GROUP (00992.HK) -1.380 (-5.520%) Short selling $1.95B; Ratio 30.614% slumped 5.52%, the worst-performing blue chip in the half day. MENGNIU DAIRY (02319.HK) -0.820 (-4.835%) Short selling $38.30M; Ratio 17.760% , TINGYI (00322.HK) -0.610 (-4.710%) Short selling $126.40M; Ratio 38.329% and SANDS CHINA LTD (01928.HK) -0.650 (-4.124%) Short selling $48.08M; Ratio 22.102% fell more than 4%. SMIC (00981.HK) -3.200 (-3.926%) Short selling $1.18B; Ratio 14.194% declined nearly 4%. OOIL (00316.HK) +7.500 (+5.551%) Short selling $54.11M; Ratio 26.050% bucked the trend, rising 5.55%.Recently hot AI-related stocks retreated. MINIMAX-W (00100.HK) -88.500 (-13.338%) Short selling $57.31M; Ratio 11.760% closed at HKD575 at midday, down 13.34%. XUNCE (03317.HK) -10.100 (-5.367%) Short selling $12.83M; Ratio 2.564% fell 5.37%, and KNOWLEDGE ATLAS (02513.HK) -126.000 (-8.836%) Short selling $45.99M; Ratio 5.364% dropped 8.84%.Individually, STANCHART (02888.HK) -10.800 (-5.099%) Short selling $15.87M; Ratio 6.555% closed at HKD201 at midday, down 5.1%, after South Korea fined five banks including Standard Chartered a total of RMB3 billion over improper sales of HSI-linked products. ZTE (00763.HK) +2.420 (+8.527%) Short selling $18.54M; Ratio 1.426% rose 8.53% after announcing a partnership with TENCENT to launch a WorkBuddy AI cloud PC equipped with the Hunyuan large model. (mn/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-04 16:25.)</div></div>

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The Hang Seng Index fell 205 points to 25,047 at midday, driven by pressure on Asia-Pacific equities. Major declines included HSBC Holdings (-3.1%), Lenovo Group (-5.5%), and AI stocks like MiniMax (-13.3%). Conversely, OOIL rose 5.6%, and ZTE surged 8.5% following a Tencent partnership announcement. Market sentiment was mixed despite US indices hitting highs.

- The DJIA reached a record high as funds shifted into banking and healthcare stocks, while the S&P 500 rose by 0.4%.  
- In Asia-Pacific, equities faced challenges with the HSI closing down 205 points at 25,047 and Mainland China tightening outbound investment regulation, though G Sachs suggests minimal operational impact on Hong Kong banks.  
- Notable stock movements included AIA and HSBC declining by 2.87% and 3.14%, respectively, while ZTE rose by 8.53% following a partnership announcement with TENCENT.

AASTOCKS News

LENOVO GROUP

Lenovo Group

HSBC Holdings Plc

ZTE Corporation

Hang Seng Index

HSBC HOLDINGS

OOIL

Dow Jones Industrial Average

NASDAQ Composite Index

S&P 500

Hang Seng TECH Index

Goldman Sachs

TENCENT

Tencent

MENGNIU DAIRY

TINGYI

SANDS CHINA LTD

SMIC

MINIMAX-W

XUNCE

KNOWLEDGE ATLAS

STANCHART

Standard Chartered PLC

HSBC 5xShortSG241213

LENOVO GROUP-R

GS Hldg R

AIA-R

AIA Group

Prudential USD

Prudential plc

Prudential

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

Sands China

SMIC HK SDR 5to1

HSI Down 205 pts at Midday; HSBC HOLDINGS  Falls Over 3%, LENOVO GROUP Slumps 5.5%