HSI Ends Up 497 pts; XIAOMI-W Leaps 9%, LI AUTO-W Swells 10%, HSBC HOLDINGS Sets New High
Complete. Here is the key summaryThe Hang Seng Index rose 497 points to close at 25,807, driven by gains in tech and auto stocks. Xiaomi and Li Auto surged nearly 10% on product news and sales rankings. Major tech firms like Tencent and Meituan also posted significant gains. The Hang Seng Finance Sub-index hit a record high, with HSBC setting new highs. Conversely, South Korean market volatility impacted related HK-listed products, while Standard Chartered rose on strong earnings and a buyback announcement.
The HSI opened up 176 pts before extending gains and closed near the day's peak at 25,807, up 497 pts or 1.96%, with full-day turnover at HKD312.2 billion. The HSTECH closed at 4,864, up 134 pts or 2.84%, while the HSCEI closed at 8,623, up 187 pts or 2.22%.
Major tech stocks moved higher broadly. TENCENT (00700.HK) +19.200 (+4.293%) Short selling $1.67B; Ratio 9.942% closed up 4.29%; MEITUAN-W (03690.HK) +2.000 (+2.215%) Short selling $1.43B; Ratio 19.036% shot up 2.22%; while BABA-W (09988.HK) +1.600 (+1.429%) Short selling $1.98B; Ratio 18.645% , JD-SW (09618.HK) +2.100 (+1.692%) Short selling $377.39M; Ratio 24.094% , BIDU-SW (09888.HK) +1.400 (+1.378%) Short selling $315.61M; Ratio 29.158% , KUAISHOU-W (01024.HK) +0.460 (+1.086%) Short selling $316.93M; Ratio 17.161% and NTES (09999.HK) +3.600 (+1.804%) Short selling $664.02M; Ratio 40.801% rose more than 1%.
Autos outshone. LI AUTO-W (02015.HK) +4.920 (+9.903%) Short selling $335.25M; Ratio 19.160% surged 9.9%, becoming the best-performing blue chip, after Li i6 ranked third in Mainland China's BEV sales list for 1H26. XIAOMI-W (01810.HK) +2.620 (+8.954%) Short selling $3.91B; Ratio 25.775% jumped up 8.95% after unveiling its new “SkyNomad” vehicle series today. GEELY AUTO (00175.HK) +1.180 (+6.172%) Short selling $325.53M; Ratio 17.316% rallied 6.17%, while BYD COMPANY (01211.HK) +3.800 (+4.232%) Short selling $935.86M; Ratio 28.148% swelled 4.23%.
The South Korean stock market triggered circuit breakers for a second consecutive day. SK Hynix shares slumped 9.6% after reporting quarterly results. In Hong Kong, XL2CSOPHYNIX (07709.HK) -5.320 (-13.993%) Short selling $9.07B; Ratio 48.623% plunged 13.99%, while XL2CSOPSMSN (07747.HK) -2.020 (-3.305%) Short selling $775.70M; Ratio 24.096% fell off 3.3%.
The Hang Seng Finance Sub-index hit a record high. HSBC HOLDINGS (00005.HK) +2.700 (+1.667%) Short selling $521.90M; Ratio 15.610% notched a new high and closed up 1.67% at HKD164.7. BANK OF E ASIA (00023.HK) +0.340 (+2.146%) Short selling $6.83M; Ratio 9.853% soared 2.15%, while ICBC (01398.HK) +0.120 (+1.630%) Short selling $302.32M; Ratio 14.478% and CHINA LIFE (02628.HK) +0.380 (+1.360%) Short selling $308.58M; Ratio 17.408% lifted more than 1%. Separately, STANCHART (02888.HK) +8.600 (+3.860%) Short selling $496.47M; Ratio 38.231% posted better-than-expected 2Q PBT and launched a USD1 billion share buyback, with its shares closing up 3.86%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-29 16:25.)