<div id="readability-page-1" class="page"><div>US equities tumbled sharply last Fri (5th), as May employment data significantly exceeded expectations, fueling rate hike expectations. The DJIA fell nearly 700 pts, chip stocks were sold off, the Nasdaq plunged more than 4%, marking its biggest drop in over a year, while the Philadelphia Semiconductor Index slumped more than 10%. Asian markets followed the decline this morning (8th), with the Nikkei 225 and South Korea's KOSPI Index coming under notable pressure. The HSI opened 379 pts lower and narrowed losses slightly, closing at 24,668 at midday, down 293 pts or 1.18%. Half-day turnover totaled HKD196.219 billion. The HSTECH closed at 4,771, down 117 pts or 2.4%, while the HSCEI closed at 8,351, down 85 pts or 1.01%.Major tech stocks broadly retreated with the market. BIDU-SW (09888.HK) -8.900 (-7.086%) Short selling $391.72M; Ratio 17.691% plunged 7.09% to HKD116.7, the worst-performing blue chip at midday. MEITUAN-W (03690.HK) -3.850 (-4.816%) Short selling $805.98M; Ratio 17.668% dropped 4.82%, KUAISHOU-W (01024.HK) -1.780 (-3.799%) Short selling $626.05M; Ratio 28.540% fell 3.8%, BABA-W (09988.HK) -3.600 (-2.941%) Short selling $1.89B; Ratio 20.283% declined 2.94%, JD-SW (09618.HK) -2.300 (-1.986%) Short selling $691.38M; Ratio 40.387% slipped nearly 2%, while TENCENT (00700.HK) -3.600 (-0.794%) Short selling $2.14B; Ratio 14.766% and NTES-S (09999.HK) +0.700 (+0.372%) Short selling $525.36M; Ratio 30.907% each fell less than 1%.The semiconductor sector and some AI-related stocks tracked overseas weakness. SMIC (00981.HK) -2.900 (-3.833%) Short selling $1.27B; Ratio 8.494% fell 3.83%, HUA HONG SEMI (01347.HK) -8.100 (-5.575%) Short selling $671.61M; Ratio 11.554% dropped 5.57%, MONTAGE TECH (06809.HK) -19.200 (-5.206%) Short selling $150.97M; Ratio 9.400% declined 5.21%, and GIGADEVICE (03986.HK) -32.500 (-4.495%) Short selling $28.83M; Ratio 1.577% fell 4.5%. XL2CSOPHYNIX (07709.HK) -6.100 (-5.706%) Short selling $7.30B; Ratio 49.899% dropped 5.71% and XL2CSOPSMSN (07747.HK) -24.150 (-12.991%) Short selling $2.52B; Ratio 47.335% slumped 12.99%. MINIMAX-W (00100.HK) -46.000 (-8.318%) Short selling $106.71M; Ratio 5.996% plunged 8.32%. KNOWLEDGE ATLAS (02513.HK) +26.000 (+2.005%) Short selling $240.83M; Ratio 12.813% rose 2% against the trend after being included in the Shenzhen-Hong Kong Stock Connect eligible securities list by the Shenzhen Stock Exchange.The pharmaceuticals and biotech sector retreated broadly. WUXI BIO (02269.HK) -2.220 (-6.781%) Short selling $145.53M; Ratio 17.956% fell 6.78%, while INNOVENT BIO (01801.HK) -2.750 (-3.590%) Short selling $414.90M; Ratio 35.508% , WUXI APPTEC (02359.HK) -4.000 (-3.213%) Short selling $174.39M; Ratio 31.716% and CSPC PHARMA (01093.HK) -0.220 (-3.039%) Short selling $115.07M; Ratio 17.914% each declined more than 3%.Among individual stocks, MENGNIU DAIRY (02319.HK) +0.470 (+2.958%) Short selling $182.27M; Ratio 21.570% was the best-performing blue chip at midday, rising 2.96%, after CLSA said the market had overreacted to news of declining liquid milk sales. Kingboard-related stocks were sought after, with KB LAMINATES (01888.HK) +5.380 (+10.777%) Short selling $555.68M; Ratio 12.275% up 10.78% at HKD55.3 and KINGBOARD HLDG (00148.HK) +7.550 (+12.109%) Short selling $118.22M; Ratio 9.530% rising 12.11%.Some robotics-related stocks moved higher against the market. UBTECH ROBOTICS (09880.HK) +9.100 (+8.250%) Short selling $165.82M; Ratio 15.669% surged 8.3% at midday, with active turnover of HKD1.784 billion. DOBOT (02432.HK) +1.040 (+3.444%) Short selling $25.34M; Ratio 18.396% and ONEROBOTICS (06600.HK) +3.050 (+3.765%) Short selling $2.26M; Ratio 5.484% each rose more than 3%, while GEEKPLUS-W (02590.HK) +0.060 (+0.400%) Short selling $5.37M; Ratio 9.747% edged up 0.4%. (mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-05 16:25.)</div></div>

688981

00HSI

03690

09880

SOXL

The Hang Seng Index plunged 293 points to 24,668 at midday, following sharp declines in US equities driven by strong May employment data and rising rate hike expectations. Asian markets broadly retreated, with major tech stocks like Baidu and Meituan falling significantly. Semiconductor and AI-related shares also dropped, tracking overseas weakness. Conversely, robotics stocks such as UBTECH Robotics surged over 8%, while Kingboard-related stocks rallied more than 10%.

- US equities experienced a significant decline on June 5th, as employment data exceeded expectations, triggering rate hike speculations.  
- The Dow Jones Industrial Average fell nearly 700 points, with notable drops in technology and semiconductor stocks.  
- Asian markets followed suit, with declines in major indices, while some individual stocks, particularly in the robotics sector, showed gains amid the downturn.

AASTOCKS News

SMIC

Hang Seng Index

MEITUAN

UBTECH ROBOTICS

Direxion Semicon Bull 3X

BIDU-SW

Baidu

HSI Plunges 293 pts Midday; BIDU-SW Dives 7%; SMIC Down ~4%; UBTECH ROBOTICS Swells 8% Against Mkt