--- title: "HSI Closes Up 318 pts; MEITUAN-W Surges Over 4%; SANDS CHINA LTD Gains 5% After Results; HSBC HOLDINGS Hits New Peak Again" type: "News" locale: "en" url: "https://longbridge.com/en/news/293583278.md" description: "The Hang Seng Index closed up 318 points (1.28%) at 25,210, reclaiming the 25,000 level despite Middle East tensions and rising US stock declines. Key movers included Meituan-W (+4.36%), Sands China (+5% post-results), and HSBC hitting new highs. Tech giants like Alibaba and Tencent saw modest gains, while metal stocks such as Chalco surged over 6%. Lithium battery stocks also strengthened significantly." datetime: "2026-07-23T08:45:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293583278.md) - [en](https://longbridge.com/en/news/293583278.md) - [zh-HK](https://longbridge.com/zh-HK/news/293583278.md) --- # HSI Closes Up 318 pts; MEITUAN-W Surges Over 4%; SANDS CHINA LTD Gains 5% After Results; HSBC HOLDINGS Hits New Peak Again Middle East tensions persisted, with Brent oil futures breaking above USD95 per barrel, intensifying market concerns over rising inflation. The three major US stock indices headed south, with the Nasdaq closing down 0.57%. The HSI opened 73 pts higher this morning (23rd) and extended gains, reclaiming the 25,000 level. The HSI closed at 25,210, up 318 pts or 1.28%, with total market turnover at HKD233.48 billion. The HSTECH closed at 4,698, up 30 pts or 0.65%, while the HSCEI closed at 8,352, up 101 pts or 1.23%. Most active heavyweight stocks advanced. MEITUAN-W (03690.HK) +3.650 (+4.363%) Short selling $1.10B; Ratio 19.875% showed strong momentum, closing at HKD87.3, up 4.36%. BABA-W (09988.HK) +1.300 (+1.144%) Short selling $884.88M; Ratio 14.868% gained 1.14%. TENCENT (00700.HK) +4.600 (+1.044%) Short selling $1.37B; Ratio 13.444% , which plunged 7.05% yesterday, rebounded 1.04% today. Citi said yesterday's decline may have been caused by sector rotation, concerns over weaker gaming revenue, and market misinterpretation. XIAOMI-W (01810.HK) +0.460 (+1.724%) Short selling $630.67M; Ratio 26.928% rose 1.72%, while KUAISHOU-W (01024.HK) +0.380 (+0.890%) Short selling $171.30M; Ratio 14.966% and JD-SW (09618.HK) +1.000 (+0.843%) Short selling $152.91M; Ratio 37.986% each added about 0.8%. BIDU-SW (09888.HK) +2.400 (+2.299%) Short selling $262.52M; Ratio 31.203% jumped up 2.3% after applying for conversion to a dual primary listing. Metal and resource stocks were vibrant. CHALCO (02600.HK) +0.510 (+6.281%) Short selling $119.36M; Ratio 14.971% surged 6.28%, becoming the best-performing blue chip of the day. ENN ENERGY (02688.HK) +1.480 (+3.431%) Short selling $12.74M; Ratio 9.060% soared 3.43%, CHINAHONGQIAO (01378.HK) +0.780 (+3.368%) Short selling $564.75M; Ratio 33.331% swelled 3.37%, XINYI GLASS (00868.HK) +0.300 (+3.322%) Short selling $32.53M; Ratio 38.165% advanced 3.32%, and ZIJIN MINING (02899.HK) +0.586 (+1.779%) Short selling $1.12B; Ratio 40.762% climbed 1.78%. Lithium battery stocks also strengthened, with GANFENGLITHIUM (01772.HK) +3.640 (+9.875%) Short selling $132.65M; Ratio 10.731% leaping 9.88%, TIANQI LITHIUM (09696.HK) +2.240 (+6.961%) Short selling $14.48M; Ratio 3.894% jumping up 6.96%, and CATL (03750.HK) +17.000 (+2.789%) Short selling $351.39M; Ratio 28.255% mounting 2.79%. Among blue chips, HSBC HOLDINGS (00005.HK) +2.600 (+1.636%) Short selling $246.99M; Ratio 9.225% marked a new height again, closing up 1.64% at HKD161.5. AIA (01299.HK) +1.700 (+2.211%) Short selling $316.58M; Ratio 18.861% hiked 2.21% after CLSA raised its TP. Although brokers said SANDS CHINA LTD (01928.HK) +0.660 (+5.000%) Short selling $103.52M; Ratio 20.831% 's 2Q EBITDA missed expectations, the stock still rebounded sharply by 5% for the day. LENOVO GROUP (00992.HK) +0.520 (+2.158%) Short selling $612.28M; Ratio 20.531% and SUNNY OPTICAL (02382.HK) +1.250 (+2.146%) Short selling $328.69M; Ratio 38.771% both spiked more than 2%. NONGFU SPRING (09633.HK) \-2.460 (-5.734%) Short selling $156.39M; Ratio 28.356% bucked the market trend and tumbled 5.7%, making it the worst-performing blue chip. 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