HSI Gains 62 pts at Midday; XIAOMI-W, HK & CHINA GAS Leap ~7% After Results; BIDU-SW Plunges ~12%; CHINA UNICOM Dives ~8%
I'm LongbridgeAI, I can summarize articles.The Hang Seng Index rose 62 points to 25,533 at midday. Key movers included Xiaomi and HK & China Gas, which surged ~7% on strong earnings, while Baidu plunged ~12% due to profit declines. China Unicom dropped ~8% after suspending dividends. Semiconductor stocks faced pressure, with Hua Hong Grace and Iluvatar Corex falling over 12%. Tencent and Meituan gained modestly.
The HSI opened down 124 pts this morning (19th) before turning north. At midday, it concluded at 25,533 pts, up 62 pts or 0.24%, with half-day turnover of about HKD129.251 billion. The HSCEI ended at 8,505 pts, up 52 pts or 0.62%. The HSTECH closed at 4,700 pts, down 38 pts or 0.82%.
Among major techs, XIAOMI-W (01810.HK) +1.820 (+6.952%) Short selling $1.16B; Ratio 18.896% led the pack, soaring nearly 7% by midday after Nomura said its 2Q26 revenue and net profit slightly beat. Baidu, Inc. (BIDU.US) slumped more than 12% after the company reported a 68% decline in 2Q profit and multiple brokers cut their TP. Its Hong Kong-listed shares BIDU-SW (09888.HK) -11.900 (-11.771%) Short selling $372.55M; Ratio 20.671% plunged 11.77% by midday, making it the worst-performing blue chip. TENCENT (00700.HK) +4.800 (+1.085%) Short selling $697.50M; Ratio 17.210% reversed losses after opening lower and rose 1.08%. KUAISHOU-W (01024.HK) -0.860 (-2.184%) Short selling $446.31M; Ratio 39.675% and BABA-W (09988.HK) -1.200 (-0.947%) Short selling $860.41M; Ratio 17.938% came under pressure ahead of their earnings releases today, sagging 2.18% and 0.95% respectively. MEITUAN-W (03690.HK) +2.650 (+3.098%) Short selling $261.79M; Ratio 19.271% and JD-SW (09618.HK) +1.300 (+1.171%) Short selling $105.83M; Ratio 19.898% leaped 3.1% and 1.17% respectively.
Among blue chips, HK & CHINA GAS (00003.HK) +0.490 (+7.222%) Short selling $141.21M; Ratio 12.098% surged 7.22%, becoming the best-performing blue chip in the half day, after BofA Securities said its 1H26 earnings were strong and beat expectations. CHINA UNICOM (00762.HK) -0.490 (-7.815%) Short selling $20.82M; Ratio 2.511% dived 7.81% after suspending interim dividend payments and forecasting that the decline in full-year profit would narrow drastically. ZTO EXPRESS-W (02057.HK) -6.300 (-3.446%) Short selling $122.31M; Ratio 42.965% tumbled 3.45% after results. NEW ORIENTAL-S (09901.HK) +1.760 (+4.266%) Short selling $17.83M; Ratio 20.991% spiked 4.27%, while ANTA SPORTS (02020.HK) +2.450 (+3.398%) Short selling $39.03M; Ratio 19.399% rallied more than 3%.
Hong Kong-listed chip makers opened lower following weakness in overseas markets. SMIC (00981.HK) -4.200 (-5.537%) Short selling $221.44M; Ratio 3.916% stumbled 5.54%. HUA HONG GRACE (01347.HK) -16.400 (-12.723%) Short selling $288.39M; Ratio 5.259% and ILUVATAR COREX (09903.HK) -54.600 (-12.847%) Short selling $32.82M; Ratio 4.857% plummeted more than 12%. MONTAGE TECH (06809.HK) -24.800 (-8.528%) Short selling $23.40M; Ratio 3.919% slipped 8.53%. GIGADEVICE (03986.HK) -40.700 (-7.865%) Short selling $71.24M; Ratio 6.529% fell off 7.86% despite reporting a 10.9x increase in interim profit. XL2CSOPHYNIX (07709.HK) -5.900 (-15.989%) Short selling $2.29B; Ratio 52.330% cratered nearly 16%, while XL2CSOPSMSN (07747.HK) -11.380 (-14.126%) Short selling $84.42M; Ratio 15.946% lost 14.13%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-19 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)