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<H Shrs> HSI Falls 232 pts as Semiconductor Sector Weakens
US equities ended a two-day rally overnight. The DJIA closed at 49,596, down 313 pts or 0.63%, while the Nasdaq retreated after briefly breaking above the 26,000 mark intraday for ...
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<H Shrs> HSI Falls 232 pts as Semiconductor Sector Weakens
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US equities ended a two-day rally overnight. The DJIA closed at 49,596, down 313 pts or 0.63%, while the Nasdaq retreated after briefly breaking above the 26,000 mark intraday for the first time, closing at 25,806, down 32 pts or 0.13%. Geopolitical tensions in the Middle East remained volatile. After Iran opened fire on a US destroyer, US forces launched a counterattack, driving Brent oil futures higher in after-hours trading to above USD103 per barrel.

The HSI opened down 266 pts today (8th) and remained under pressure, once falling 351 pts to an intraday trough of 26,274. The HSI closed at 26,393, down 232 pts or 0.87%. Full-day turnover totaled HKD279.754 billion. The HSCEI closed at 8,889, down 30 pts or 0.34%, while the HSTECH closed at 5,102, down 18 pts or 0.36%.

Major Tech stocks were mixed. BIDU-SW (09888.HK)  -5.100 (-3.620%)    Short selling $308.75M; Ratio 20.210%   closed at HKD145.2, up 5.8%. XIAOMI-W (01810.HK)  -1.020 (-3.216%)    Short selling $1.50B; Ratio 31.868%   closed at HKD31.68, up 1.8%, after announcing that its first extended-range SUV will be launched under a new independent sub-brand SKYNOMAD, expected to debut in 2H26 with a price range of RMB200,000 to RMB450,000. TENCENT (00700.HK)  +1.500 (+0.330%)    Short selling $1.56B; Ratio 12.851%   closed at HKD471.4, down 1.3%. BABA-W (09988.HK)  -5.600 (-4.061%)    Short selling $1.91B; Ratio 15.870%   closed at HKD139, down 1.3%. MEITUAN-W (03690.HK)  -3.000 (-3.501%)    Short selling $888.09M; Ratio 25.992%   closed at HKD84.05, down 0.2%.

In sector performance, Chinese property developers advanced. CHINA RES LAND (01109.HK)  +0.060 (+0.159%)    Short selling $280.51M; Ratio 27.290%   closed at HKD36.76, up 3.5%, after M Stanley reported that its April contracted sales significantly Outperform peers and raised its TP to HKD42.6, naming it a top pick. LONGFOR GROUP (00960.HK)  -0.390 (-4.041%)    Short selling $40.97M; Ratio 25.160%   closed at HKD9.15, up 5.5%. CHINA OVERSEAS (00688.HK)  +0.080 (+0.487%)    Short selling $218.02M; Ratio 39.653%   closed at HKD15.92, up 2.8%. In the consumer and retail segment, POP MART (09992.HK)  -1.375 (-0.894%)    Short selling $393.03M; Ratio 16.823%   closed at HKD168.1, up 3.6%, after well-known investor Duan Yongping disclosed that he had switched his entire holding in CHINA SHENHUA (01088.HK)  +0.100 (+0.225%)    Short selling $157.07M; Ratio 36.560%   into POP MART. U-PRESID CHINA (00220.HK)  +0.120 (+1.500%)    Short selling $14.87M; Ratio 12.151%   closed at HKD7.77, up 4.86%, supported by a M Stanley report citing margin expansion in 1Q26 driven by easing costs.

The semiconductor and tech hardware sectors were weak. SMIC (00981.HK)  -0.350 (-0.490%)    Short selling $433.71M; Ratio 3.747%   closed at HKD73.35, down 4.4%. HUA HONG SEMI (01347.HK)  -11.100 (-8.740%)    Short selling $1.03B; Ratio 14.617%   closed at HKD130.8, down 7.5%. ASMPT (00522.HK)  -0.300 (-0.174%)    Short selling $43.94M; Ratio 3.942%   closed at HKD168.9, down 4.68%.

Financial heavyweights underperformed. AIA (01299.HK)  -0.100 (-0.114%)    Short selling $377.20M; Ratio 21.736%   closed at HKD86.6, down 2.9%. HSBC HOLDINGS (00005.HK)  -1.100 (-0.783%)    Short selling $174.82M; Ratio 13.633%   closed at HKD138.7, down 3.1%. Local property stocks were under pressure. HANG LUNG PPT (00101.HK)  -0.110 (-1.261%)    Short selling $13.70M; Ratio 18.260%   closed at HKD9.05, down 3%. CK ASSET (01113.HK)  -0.250 (-0.485%)    Short selling $33.29M; Ratio 30.488%   closed at HKD51.3, down 1.7%. SHK PPT (00016.HK)  -0.700 (-0.488%)    Short selling $196.38M; Ratio 35.403%   closed at HKD141.5, down 1.7%.

In pharmaceuticals, HANSOH PHARMA (03692.HK)  -0.540 (-1.513%)    Short selling $65.91M; Ratio 19.591%   closed at HKD36.24, down 3.8%, while WUXI APPTEC (02359.HK)  -2.200 (-1.691%)    Short selling $408.50M; Ratio 38.774%   closed at HKD135.1, down 3.4%.

Among movers, several tech-related stocks posted notable declines. MINIMAX-W (00100.HK)  -56.000 (-6.588%)    Short selling $110.22M; Ratio 9.418%   closed at HKD742.5, down 9.51%. ILUVATAR COREX (09903.HK)  -7.600 (-1.521%)    Short selling $47.87M; Ratio 11.107%   closed at HKD554, down 7.2%. INNOSCIENCE (02577.HK)  -9.400 (-10.905%)    Short selling $94.52M; Ratio 5.121%   closed at HKD65.5, down 6.16%. GIGADEVICE (03986.HK)  +19.500 (+3.718%)   closed at HKD490, down 5.5%.

Casino stock WYNN MACAU (01128.HK)  -0.010 (-0.175%)    Short selling $7.82M; Ratio 27.938%   closed at HKD5.83, up 0.17%. Its parent reported that adjusted property EBITDAR for its Macau operations rose 10.9% YoY in 1Q26 and plans to commence construction of a new hotel project, Enclave, in 2026.(ad/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)

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