<H Shrs> HSI Opens Down 82 pts; BABA-W (09988.HK) and TENCENT (00700.HK) Open Over 1% Lower

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US stocks rebounded last Fri (8th), driven by AI-related shares, with both the S&P 500 and the Nasdaq hitting record closing highs. However, tensions in the Middle East escalated further as the US and Iran each rejected the other's proposal to end the war. International oil prices surged more than 3% this morning (11th). Hong Kong's three major indices came under pressure. The HSI opened at 26,310.87, down 82.84 pts or 0.31%. The HSTECH opened at 5,078.36, down 24.43 pts or 0.48%. The HSCEI opened at 8,853.02, down 36.05 pts or 0.41%.

Major active blue chips generally opened softer this morning. BABA-W (09988.HK)  -5.600 (-4.061%)   Short selling $1.91B; Ratio 15.870%   opened at HKD136.8, down 1.58%, after reports that the company plans to integrate its AI platform "Qianwen" with Taobao to enhance the conversational shopping experience. Tengxun (000700.HK) opened at HKD465, down 1.36%. BIDU-SW (09888.HK)  -5.100 (-3.620%)   Short selling $308.75M; Ratio 20.210%   opened at HKD139.7, down 3.79%, amid reports that its Kunlunxin unit is seeking a Hong Kong listing with a target valuation of at least RMB100 billion. MEITUAN-W (03690.HK)  -3.000 (-3.501%)   Short selling $888.09M; Ratio 25.992%   opened at HKD83.100, down 1.13%. Geely Automobile (000175.HK) announced the issuance of RMB2 billion in medium-term notes to replenish working capital. Its shares opened at HKD22.64, edging down 0.44%. NTES-S (09999.HK)  -4.700 (-2.559%)   Short selling $143.20M; Ratio 13.514%   opened at HKD179.3, down 2.289%.

WUXI BIO (02269.HK)  +1.040 (+3.186%)   Short selling $141.29M; Ratio 11.876%   opened at HKD32.02, down 1.96%. CSPC PHARMA (01093.HK)  -0.180 (-2.261%)   Short selling $110.25M; Ratio 18.760%   plans to subscribe for convertible bonds of Meizhong Jiahe, with its shares opening at HKD8.11, down 1.1%. SMIC (000981.HK) bucked the trend, opening 3.14% higher at HKD75.65. In addition, BWI INT'L (02339.HK)  -0.320 (-3.846%)   resumed trading this morning and opened 83.04% higher at HKD8.2 after Luxshare Precision acquired a stake from its controlling shareholder. Minth Group (000425.HK) plans to establish a joint venture with Mirle to develop intelligent robotics projects, opening at HKD39.78, up 0.25%.

Ldrobot (01236.HK)  +0.760 (+1.677%)   closed at HKD49.8 in gray market trading yesterday, 88.9% above its listing price. On its trading debut today, it opened at HKD53.5, 103% higher than its listing price of HKD26.36, with turnover of 7.3851 million shares during the opening session. (mn/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)

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