HSI Ends Up 497 pts; XIAOMI-W Leaps 9%, LI AUTO-W Swells 10%, HSBC HOLDINGS Sets New High
I'm LongbridgeAI, I can summarize articles.The 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.)