Hopes for a US-Iran agreement shored up US stock futures, supporting gains in Hong Kong equities. The HSI closed at the intraday peak of 26,213, up 315 pts or 1.2%. The HSCEI grew 70 pts or 0.8% to 8,800. The HSTECH gained 39 pts or 1.8% to 4,969. Total market turnover for the day amounted to HKD304.737 billion.Chip stocks rallied amid a global semiconductor frenzy. CAMBRICON (688256.SH) +39.010 (+3.053%) surged 7.4%. In Hong Kong, related names advanced, with BABA-W (09988.HK) -0.500 (-0.375%) Short selling $1.31B; Ratio 11.090% and BIDU-SW (09888.HK) -2.200 (-1.575%) Short selling $465.25M; Ratio 21.430% up 2.3% and 4.9%, respectively. SMIC (00981.HK) -2.450 (-3.198%) Short selling $627.88M; Ratio 9.764% and HUA HONG SEMI (01347.HK) +0.300 (+0.232%) Short selling $506.87M; Ratio 13.563% swelled 5.7% and 9.3%, while GIGADEVICE (03986.HK) +43.000 (+8.515%) and BIREN TECH (06082.HK) +0.100 (+0.181%) Short selling $8.73M; Ratio 3.021% shot up 14.5% and 8.5%. Chip equipment maker ASMPT (00522.HK) +6.100 (+3.462%) Short selling $78.12M; Ratio 8.235% rallied 6.3%. PCB materials supplier KB LAMINATES (01888.HK) +2.480 (+5.576%) Short selling $269.74M; Ratio 16.717% leaped 6%. Cloud service providers KINGSOFT CLOUD (03896.HK) +0.140 (+1.757%) Short selling $15.63M; Ratio 3.047% and GDS-SW (09698.HK) +1.340 (+3.148%) Short selling $55.08M; Ratio 23.996% jumped up 2.9% and 5.2%. Server maker LENOVO GROUP (00992.HK) -0.010 (-0.077%) Short selling $244.58M; Ratio 27.161% advanced 4.4%.Related NewsImports YoY for Apr in China is 25.3%, lower than the previous value of 27.8%. The forecast was 15.2%.AI-related stocks traded mixed. KNOWLEDGE ATLAS (02513.HK) +310.000 (+36.905%) Short selling $35.61M; Ratio 1.000% and MINIMAX-W (00100.HK) +127.500 (+18.465%) Short selling $43.95M; Ratio 2.207% gained 1% and 1.6%, while MANYCORE TECH (00068.HK) -0.520 (-2.291%) fell 1.5%. MEITU (01357.HK) -0.140 (-2.703%) Short selling $105.37M; Ratio 13.659% logged a 30% YoY rise in 1Q26 paying subscribers and a 56% hike in ARR for its AI productivity applications, sending its shares higher by 11.2% for the day.TENCENT (00700.HK) +5.400 (+1.181%) Short selling $1.73B; Ratio 14.111% and MEITUAN-W (03690.HK) +3.450 (+4.100%) Short selling $736.65M; Ratio 13.348% lost 1.9% and 1.3%, while KUAISHOU-W (01024.HK) -1.000 (-1.901%) Short selling $533.88M; Ratio 15.016% and NEW ORIENTAL-S (09901.HK) -0.080 (-0.195%) Short selling $30.28M; Ratio 26.055% added 1.9% and 3.4%. Among handset-related stocks, LENS (06613.HK) +1.280 (+6.066%) Short selling $47.25M; Ratio 9.172% spiked 7.2%, whereas COWELL (01415.HK) +0.660 (+2.154%) Short selling $8.90M; Ratio 8.590% and AAC TECH (02018.HK) +4.700 (+12.082%) Short selling $159.66M; Ratio 13.467% shed 4.9% and 4%, and Q TECH (01478.HK) +0.340 (+3.881%) Short selling $2.68M; Ratio 3.982% slid 3.5%. Fiber optic player YOFC (06869.HK) -7.200 (-2.655%) Short selling $157.16M; Ratio 4.255% ebbed back 4.1%.Bank stocks HSBC HOLDINGS (00005.HK) +2.500 (+1.804%) Short selling $373.33M; Ratio 22.880% and STANCHART (02888.HK) +4.100 (+2.113%) Short selling $3.51M; Ratio 3.641% soared 3.3% and 4.9% respectively, while HKEX (00388.HK) 0.000 (0.000%) Short selling $121.04M; Ratio 9.904% and AIA (01299.HK) +0.500 (+0.578%) Short selling $674.04M; Ratio 19.027% rose 0.7% and 1.8% respectively. Gold prices rebounded, with SD GOLD (01787.HK) -0.540 (-1.781%) Short selling $52.00M; Ratio 12.823% and ZIJIN GOLD INTL (02259.HK) +1.100 (+0.670%) Short selling $159.46M; Ratio 23.812% up over 7%, CHINAGOLDINTL (02099.HK) +3.100 (+1.782%) Short selling $52.70M; Ratio 18.381% and ZIJIN MINING (02899.HK) +0.380 (+0.989%) Short selling $385.20M; Ratio 15.488% up over 5%, and ZHAOJIN MINING (01818.HK) -0.460 (-1.603%) Short selling $34.96M; Ratio 7.950% up 4.2%.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.) (A Shares quote is delayed for at least 15 mins.)Related NewsPPI YoY for Apr in China is 2.8%, higher than the previous value of 0.5%. The forecast was 1.5%.
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