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<H Shrs>HSI Ends Up 315 pts as HSBC Rebounds; Gold Miners Spike
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 ...
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<H Shrs>HSI Ends Up 315 pts as HSBC Rebounds; Gold Miners Spike
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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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