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<H Shrs> HSI Opens Up 90 pts; KUAISHOU-W (01024.HK) Jumps Nearly 10% at Open
Markets continue to monitor the meeting between Chinese and US leaders and developments in the Middle East situation. Overnight (11th), the three major US indices closed slightly h...
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<H Shrs> HSI Opens Up 90 pts; KUAISHOU-W (01024.HK) Jumps Nearly 10% at Open
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Markets continue to monitor the meeting between Chinese and US leaders and developments in the Middle East situation. Overnight (11th), the three major US indices closed slightly higher, with the Nasdaq and S&P 500 hitting fresh record highs. The HSI opened up 90 pts or 0.34% at 26,497 this morning (12th); the HSTECH opened up 23 pts or 0.45% at 5,129; and the HSCEI opened up 18 pts or 0.2% at 8,902.

Leading tech stocks showed mixed performance. KUAISHOU-W (01024.HK)  -1.000 (-1.901%)    Short selling $533.88M; Ratio 15.016%   opened up 9.9% at HKD56.7, amid market rumors that the company plans to spin off its Kling AI video generation business for listing next year. TENCENT (00700.HK)  +5.400 (+1.181%)    Short selling $1.73B; Ratio 14.111%   opened down 0.5% at HKD462. MEITUAN-W (03690.HK)  +3.450 (+4.100%)    Short selling $736.65M; Ratio 13.348%   opened down 0.53% at HKD83.9. BABA-W (09988.HK)  -0.500 (-0.375%)    Short selling $1.31B; Ratio 11.090%   opened down 0.3%, while JD-SW (09618.HK)  +9.800 (+8.277%)    Short selling $1.27B; Ratio 29.135%   , which will announce its quarterly results today, opened down 0.25%.

Among individual stocks, LONGFOR GROUP (00960.HK)  -0.110 (-1.124%)    Short selling $90.20M; Ratio 34.889%   opened down 1% at HKD9.82 after announcing that its cumulative contracted sales for the first four months of this year declined 53.1% YoY. WH GROUP (00288.HK)  +0.020 (+0.214%)    Short selling $84.53M; Ratio 25.479%   opened up 4.5% at HKD10.27. ZIJIN MINING (02899.HK)  +0.380 (+0.989%)    Short selling $385.20M; Ratio 15.488%   opened up 2% at HKD38.54. (mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.)

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