HSI Ends Up 25 Pts Amid Tug-of-War; HSBC HOLDINGS Hits Record High, XIAOMI-W Dives 7%+, XL2CSOPHYNIX Soars 67%+
I'm LongbridgeAI, I can summarize articles.The Hang Seng Index closed up 25 points at 25,884 amid high volatility. Key movers included HSBC Holdings hitting a record high and Xiaomi diving over 7%. Semiconductor stocks surged significantly, with XL2CSOPHYNIX soaring 67% following news of SK Group Chairman acquiring SK Hynix shares. Other notable gains were seen in Lenovo and Laopu Gold, while Bud APAC and Hang Lung Properties declined.
The HSI opened down 21 pts this morning (31st) before struggling between bulls and bears. The index notched a full-day volatility of nearly 300 pts and closed at 25,884, up 25 pts or 0.1%, with full-day turnover at HKD328.178 billion. The HSTECH closed at 4,829, up 25 pts or 0.53%, while the HSCEI closed at 8,612, down 32 pts or 0.38%.
Among major techs, BABA-W (09988.HK) +5.200 (+4.651%) Short selling $1.63B; Ratio 9.653% leaped 4.65% for the day; BIDU-SW (09888.HK) +3.800 (+3.722%) Short selling $172.23M; Ratio 11.210% swelled 3.72%; TENCENT (00700.HK) +3.400 (+0.721%) Short selling $1.61B; Ratio 10.975% inched up 0.72%; while JD-SW (09618.HK) -1.600 (-1.243%) Short selling $633.75M; Ratio 32.972% sagged 1.24%. XIAOMI-W (01810.HK) -2.260 (-7.281%) Short selling $4.42B; Ratio 37.185% , which launched the new SkyNomad series vehicles, tumbled 7.28%, making it the worst-performing blue chip.
Among blue chips, HSBC HOLDINGS (00005.HK) +3.700 (+2.249%) Short selling $628.48M; Ratio 17.475% set a record high of HKD168.9 and closed at HKD168.2, up 2.25%. LAOPU GOLD (06181.HK) +29.800 (+10.102%) Short selling $96.10M; Ratio 11.576% , despite having its TP cut by BofA Securities, soared 10.1%, becoming the best-performing blue chip of the day. LENOVO GROUP (00992.HK) +2.120 (+9.752%) Short selling $662.02M; Ratio 21.870% rallied 9.75%. BUD APAC (01876.HK) -0.470 (-6.667%) Short selling $136.69M; Ratio 35.054% cratered 6.67% after Daiwa downgraded the stock to Hold. HANG LUNG PPT (00101.HK) -0.260 (-3.444%) Short selling $42.01M; Ratio 25.281% slid 3.44% after its interim underlying net profit dropped 10%. GEELY AUTO (00175.HK) -0.660 (-3.226%) Short selling $153.09M; Ratio 12.964% closed down 3.23%.
SK Group Chairman acquired SK Hynix shares under his personal name for the first time, sending SK Hynix shares in South Korea up nearly 30% for the day. XL2CSOPHYNIX (07709.HK) +17.160 (+67.666%) Short selling $4.53B; Ratio 21.210% skyrocketed 67.67%, while XL2CSOPSMSN (07747.HK) +25.560 (+49.249%) Short selling $553.72M; Ratio 17.655% swelled 49.25%.
Hong Kong-listed semiconductor-related stocks echoed the strong external market performance. SMIC (00981.HK) +1.250 (+2.016%) Short selling $354.27M; Ratio 3.704% and HUA HONG GRACE (01347.HK) +2.800 (+2.231%) Short selling $963.93M; Ratio 13.399% jumped up more than 2%; ILUVATAR COREX (09903.HK) +48.400 (+12.838%) Short selling $144.03M; Ratio 8.958% climbed 12.84%; while MONTAGE TECH (06809.HK) +17.600 (+7.001%) Short selling $120.14M; Ratio 5.257% and GIGADEVICE (03986.HK) +30.800 (+7.193%) Short selling $214.86M; Ratio 3.175% escalated about 7%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-31 16:25.)