HSI Gains 184 Pts at Midday; BABA-W and POP MART Each Dive 3% Post-results; PING AN Soars 3%+; HENDERSON LAND Leaps 6%+
I'm LongbridgeAI, I can summarize articles.The Hang Seng Index rose 184 points to 25,883 at midday. Key movers included Henderson Land, which surged over 6% on strong interim profits, and Ping An, which gained more than 3%. Conversely, BABA-W and Pop Mart each fell around 3% following their results. Other tech stocks showed mixed performance, with Xiaomi up 3.2% while Tencent and Meituan declined.
This morning (21st), the HSI opened up 109 pts and closed midday at 25,883, up 184 pts or 0.72%, with half-day main board turnover at HKD135.973 billion. The HSCEI settled at 8,589, up 41 pts or 0.48%. The HSTECH concluded at 4,724, up 23 pts or 0.5%.
Among heavyweight techs, BABA-W (09988.HK) -3.900 (-3.090%) Short selling $2.62B; Ratio 24.353% logged adjusted net profit for its 1FQ miss. Although several brokers upgraded the stock, its share price reversed course after opening higher and slid 3.09% by midday. NTES (09999.HK) +4.300 (+2.223%) Short selling $239.71M; Ratio 15.177% rallied 2.22% on strong gaming business in 2Q26. XIAOMI-W (01810.HK) +0.900 (+3.242%) Short selling $391.33M; Ratio 14.768% soared 3.24%, while TENCENT (00700.HK) -3.800 (-0.842%) Short selling $479.05M; Ratio 10.649% dipped 0.8% and MEITUAN-W (03690.HK) -2.000 (-2.330%) Short selling $630.59M; Ratio 34.395% slid 2.3%.
Several blue chips announced quarterly results. POP MART (09992.HK) -4.700 (-3.058%) Short selling $1.35B; Ratio 30.408% dived 3.06% after results after JPMorgan downgraded the stock to Underweight. LI NING (02331.HK) -0.120 (-0.830%) Short selling $157.57M; Ratio 39.943% reversed earlier gains to fall 0.8% after lowering its full-year revenue growth target to low single-digit growth. HENDERSON LAND (00012.HK) +1.780 (+6.317%) Short selling $265.89M; Ratio 53.059% reported over 66% growth in interim underlying profit, beating expectations, and the stock leaped 6.32%, making it the best-performing blue chip. Citi and UBS said CHINA TELECOM (00728.HK) +0.095 (+2.008%) Short selling $38.57M; Ratio 14.998% 's 2Q net profit beat, shoring up its shares by 2.01%.
Chinese insurers moved higher. PING AN (02318.HK) +1.950 (+3.604%) Short selling $348.01M; Ratio 22.199% spiked 3.6% after results, CHINA LIFE (02628.HK) +1.280 (+4.794%) Short selling $84.56M; Ratio 8.359% rallied 4.79%, PICC P&C (02328.HK) +0.550 (+3.542%) Short selling $27.68M; Ratio 18.139% climbed 3.54%, and CPIC (02601.HK) +1.040 (+3.647%) Short selling $55.06M; Ratio 28.951% swelled 3.65%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-21 12:25.)