HSI Adds 28 Pts at Half-day; HSBC HOLDINGS Down Over 2% Post-results, MINIMAX-W Up Over 11%; PCB, Chip Stocks Advance

The Hang Seng Index rose 28 points to close the morning session at 25,881. Tech stocks were mixed, with BABA and Tencent gaining while Xiaomi softened. Blue chips saw volatility: HSBC fell over 2% despite beating profit expectations due to a Citi downgrade, whereas Techtronic Industries surged on positive broker sentiment. AI concept stocks rallied, led by Minimax-W up 11%, and chip stocks advanced broadly. Conversely, ZJ Innolight dropped over 5% amid reports of potential US import bans on Chinese data center components.

After opening up 38 pts, the HSI traded within a narrow range and closed the morning session at 25,881, up 28 pts or 0.11%, with half-day turnover at HKD142.969 billion. The HSTECH closed the morning at 4,938, up 53 pts or 1.09%, while the HSCEI ended at 8,595, up 21 pts or 0.25%.

Major techs were mixed. BABA-W (09988.HK) +2.900 (+2.305%) Short selling $1.04B; Ratio 16.107% mounted 2.31%; TENCENT (00700.HK) +6.200 (+1.272%) Short selling $626.82M; Ratio 8.792% and BIDU-SW (09888.HK) +1.600 (+1.452%) Short selling $43.73M; Ratio 20.195% gained more than 1%; XIAOMI-W (01810.HK) -0.080 (-0.286%) Short selling $281.86M; Ratio 16.242% and NTES (09999.HK) -1.600 (-0.778%) Short selling $83.76M; Ratio 17.148% softened, falling less than 1%.

Among blue chips, TECHTRONIC IND (00669.HK) +8.800 (+6.617%) Short selling $124.88M; Ratio 14.923% jumped up 6.62% after several brokers turned positive on the company following its results announcement. LENOVO GROUP (00992.HK) +0.837 (+3.372%) Short selling $263.90M; Ratio 14.602% rallied 3.37% as it plans to launch the AI gaming tablet Legion Y700 this month. INNOVENT BIO (01801.HK) +3.450 (+3.979%) Short selling $105.16M; Ratio 12.952% soared nearly 4% after CLSA said its 1H26 product revenue far exceeded expectations. HSBC HOLDINGS (00005.HK) -3.600 (-2.162%) Short selling $223.37M; Ratio 12.848% reported 2Q reported profit before tax above expectations, but Citi downgraded the stock to Neutral, sending shares down 2.16% by midday.

MINIMAX-W (00100.HK) +26.000 (+11.295%) Short selling $137.18M; Ratio 11.911% rallied 11.29% after the company's H3 model was integrated by more than 100 partners within 24 hours of its open-source release. Other Hong Kong AI concept stocks also advanced, with Z.AI (02513.HK) +76.000 (+7.525%) Short selling $99.88M; Ratio 2.582% up 7.52% and XUNCE (03317.HK) +5.900 (+4.251%) Short selling $16.65M; Ratio 2.817% up 4.25%.

Chip stocks led gains. SMIC (00981.HK) +3.100 (+4.747%) Short selling $260.80M; Ratio 6.065% soared 4.75%; HUA HONG GRACE (01347.HK) +8.300 (+6.144%) Short selling $561.95M; Ratio 16.221% elevated 6.14%; MONTAGE TECH (06809.HK) +13.600 (+5.179%) Short selling $24.71M; Ratio 3.334% shot up 5.18%; XL2CSOPHYNIX (07709.HK) +3.700 (+9.973%) Short selling $1.25B; Ratio 35.124% swelled nearly 10%; while XL2CSOPSMSN (07747.HK) +4.620 (+6.810%) Short selling $206.51M; Ratio 29.607% shot up 6.81%.

The US government is reportedly drafting a ban on imports of new-generation Chinese data center components, ZJ INNOLIGHT (03308.HK) -61.000 (-5.183%) Short selling $224.67M; Ratio 6.439% said it will not comment for now as the document has yet to be released. Its share price once plummeted 16% this morning to bottom at HKD988, and stood at HKD1,116 at midday, down 5.18%.

PCB-related stocks advanced broadly. KB LAMINATES (01888.HK) +2.200 (+7.069%) Short selling $232.81M; Ratio 7.554% rallied 7.07%; KINGBOARD HLDG (00148.HK) +2.160 (+5.138%) Short selling $67.58M; Ratio 6.346% shot up 5.14%; VGT (02476.HK) +11.000 (+5.777%) Short selling $23.64M; Ratio 2.343% climbed 5.78%; HANS CNC (03200.HK) +4.600 (+4.406%) Short selling $4.55M; Ratio 3.691% elevated 4.41%; and CFMEE (09630.HK) +38.600 (+12.452%) proliferated 12.45%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-05 12:25.)