--- title: "HSI Opens Up 73 pts as HSBC HOLDINGS Gains 1% to New Peak, TENCENT Remains Soft" type: "News" locale: "en" url: "https://longbridge.com/en/news/293544568.md" description: "The Hang Seng Index opened up 73 points, driven by gains in HSBC Holdings which hit a new peak. Despite persistent Middle East tensions pushing oil prices above $95 and US stocks falling, Hong Kong markets showed resilience. Tech giants like Tencent remained soft, while chip stocks performed well. Notable moves included Lenovo rising nearly 5% and Sands China dropping after an EBITDA decline." datetime: "2026-07-23T01:46:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293544568.md) - [en](https://longbridge.com/en/news/293544568.md) - [zh-HK](https://longbridge.com/zh-HK/news/293544568.md) generator: "portal-rs" --- # HSI Opens Up 73 pts as HSBC HOLDINGS Gains 1% to New Peak, TENCENT Remains Soft Persistent tensions in the Middle East pushed Brent oil futures above USD95 per barrel, intensifying market concerns over rising inflation. The three major US stock indices fell, with the Nasdaq closing down 0.57%. This morning (23rd), the HSI opened at 24,966, up 73 pts or 0.3%; the HSTECH opened at 4,677, up 9 pts or 0.2%; while the HSCEI opened at 8,266, up 15 pts or 0.19%. TENCENT (00700.HK) +0.600 (+0.136%) Short selling $5.02B; Ratio 16.848% opened down 0.14%; BABA-W (09988.HK) -2.700 (-2.377%) Short selling $2.75B; Ratio 19.960% opened up 0.44%; BIDU-SW (09888.HK) -0.500 (-0.479%) Short selling $256.02M; Ratio 29.009% opened up 0.57% after the company applied to convert to a dual primary listing, which is expected to take effect within the year. XIAOMI-W (01810.HK) -0.560 (-2.099%) Short selling $1.25B; Ratio 31.807% opened down 1.05%. Among blue chips, HSBC HOLDINGS (00005.HK) +2.200 (+1.385%) Short selling $375.92M; Ratio 16.665% opened 1.07% higher at a record high of HKD161.5; LENOVO GROUP (00992.HK) +1.180 (+4.896%) Short selling $897.63M; Ratio 21.885% rose another 3.24%; AIA (01299.HK) +1.550 (+2.016%) Short selling $171.09M; Ratio 12.854% gained nearly 2%; while INNOVENT BIO (01801.HK) -0.450 (-0.488%) Short selling $259.44M; Ratio 25.935% fell 1.36%. SANDS CHINA LTD (01928.HK) -0.050 (-0.379%) Short selling $54.37M; Ratio 37.458% reported a 24% YoY decline in adjusted property EBITDA for the second quarter, with its share price opening down 0.15%. CSPC PHARMA (01093.HK) -0.040 (-0.476%) Short selling $206.90M; Ratio 37.834% dropped 1.31% after launching a Phase II clinical trial in mainland China for SYS 6026 injection in treating HPV16- or HPV18-related HSIL. Chip stocks performed well. SMIC (00981.HK) -0.950 (-1.303%) Short selling $1.62B; Ratio 16.733% opened 1.51% higher; HUA HONG GRACE (01347.HK) -3.500 (-2.167%) Short selling $1.15B; Ratio 13.924% gained 1.55%; MONTAGE TECH (06809.HK) +9.600 (+3.006%) Short selling $366.59M; Ratio 10.870% opened 3.63% higher; and GIGADEVICE (03986.HK) +11.000 (+1.884%) Short selling $85.59M; Ratio 1.916% opened up 3.77%. XL2CSOPHYNIX (07709.HK) +3.640 (+6.528%) Short selling $2.86B; Ratio 30.155% opened 10.29% higher, while XL2CSOPSMSN (07747.HK) +6.420 (+7.272%) Short selling $450.24M; Ratio 31.825% opened up 8.86%. Among individual stocks, Z.AI (02513.HK) +7.000 (+0.596%) Short selling $660.44M; Ratio 7.673% and MINIMAX-W (00100.HK) +1.000 (+0.508%) Short selling $203.43M; Ratio 19.692% opened more than 2% higher. MINIEYE (02431.HK) -0.840 (-11.460%) Short selling $2.53M; Ratio 3.804% opened down 8.19% after placing shares at a 15% discount, raising net proceeds of more than HKD120 million. (mn/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-22 16:25.) ### Related Stocks - [HSBC.US](https://longbridge.com/en/quote/HSBC.US.md) - [LNVGY.US](https://longbridge.com/en/quote/LNVGY.US.md) - [SCHYY.US](https://longbridge.com/en/quote/SCHYY.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [HSBH.US](https://longbridge.com/en/quote/HSBH.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [01928.HK](https://longbridge.com/en/quote/01928.HK.md) - [00005.HK](https://longbridge.com/en/quote/00005.HK.md) - [00992.HK](https://longbridge.com/en/quote/00992.HK.md) - [03115.HK](https://longbridge.com/en/quote/03115.HK.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [07500.HK](https://longbridge.com/en/quote/07500.HK.md) - [HSBA.UK](https://longbridge.com/en/quote/HSBA.UK.md) - [SCO.US](https://longbridge.com/en/quote/SCO.US.md) - [02800.HK](https://longbridge.com/en/quote/02800.HK.md) - [07200.HK](https://longbridge.com/en/quote/07200.HK.md) - [07300.HK](https://longbridge.com/en/quote/07300.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md) - [HSCEI.HK](https://longbridge.com/en/quote/HSCEI.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [01299.HK](https://longbridge.com/en/quote/01299.HK.md) - [01801.HK](https://longbridge.com/en/quote/01801.HK.md) - [01093.HK](https://longbridge.com/en/quote/01093.HK.md) - [00981.HK](https://longbridge.com/en/quote/00981.HK.md) - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [06809.HK](https://longbridge.com/en/quote/06809.HK.md) - [03986.HK](https://longbridge.com/en/quote/03986.HK.md) - [07709.HK](https://longbridge.com/en/quote/07709.HK.md) - [07747.HK](https://longbridge.com/en/quote/07747.HK.md) - [02513.HK](https://longbridge.com/en/quote/02513.HK.md) - [00100.HK](https://longbridge.com/en/quote/00100.HK.md) - [02431.HK](https://longbridge.com/en/quote/02431.HK.md) - [DTIW.SG](https://longbridge.com/en/quote/DTIW.SG.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) - [89888.HK](https://longbridge.com/en/quote/89888.HK.md) - [BIDU.US](https://longbridge.com/en/quote/BIDU.US.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md) - [80992.HK](https://longbridge.com/en/quote/80992.HK.md) - [81299.HK](https://longbridge.com/en/quote/81299.HK.md) - [AAGIY.US](https://longbridge.com/en/quote/AAGIY.US.md) - [HSMD.SG](https://longbridge.com/en/quote/HSMD.SG.md) - [688981.CN](https://longbridge.com/en/quote/688981.CN.md) - [688347.CN](https://longbridge.com/en/quote/688347.CN.md) - [688008.CN](https://longbridge.com/en/quote/688008.CN.md) - [603986.CN](https://longbridge.com/en/quote/603986.CN.md) ## Related News & Research - [Reports Say HSBC HOLDINGS Conducted Largest Senior Executive Layoffs Since Financial Crisis Last Year, With Severance Costs Near USD68 million](https://longbridge.com/en/news/296579419.md) - [HSBC Advances Multi-Venue Share Buy-Back With US$263 Million Repurchases](https://longbridge.com/en/news/296279388.md) - [HSBC Raises US$6.75bn in Senior Unsecured Notes for Long-Term Funding](https://longbridge.com/en/news/296035423.md) - [HSBC Continues Share Buy-Back with Multi-Market Repurchases](https://longbridge.com/en/news/296155452.md) - [HSBC clears out senior bankers in biggest cull since 2010](https://longbridge.com/en/news/296641914.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**