US stocks closed mixed overnight as US President Donald Trump began his visit to China, accompanied by several senior executives from technology companies. The HSI opened 448 pts higher today but saw its gains narrow, closing at 26,478 at midday, up 90 pts or 0.34%. Half-day turnover amounted to HKD181.231 billion. The HSTECH closed at 5,109, up 16 pts or 0.31%, while the HSCEI stood at 8,889, up 13 pts or 0.15%.Dotcom bellwethers jumbled. BABA-W (09988.HK) +2.000 (+1.519%) Short selling $1.74B; Ratio 14.048% spiked 5.05% to HKD139.5 at midday after reporting quarterly results, with brokers raising their TPs. TENCENT (00700.HK) +12.200 (+2.716%) Short selling $1.32B; Ratio 9.930% edged down 0.09% to HKD462.2. Although Citi was positive on its AI strategy execution and core earnings growth, Daiwa lowered its TP to HKD700. POP MART (09992.HK) +2.000 (+1.327%) Short selling $472.25M; Ratio 20.586% dived 4.1% to HKD154.3 after Citi and CLSA cut their TPs.Spot gold shattered below USD4,700 as soaring US inflation dampened expectations of Fed rate cuts. ZHAOJIN MINING (01818.HK) -0.720 (-3.098%) Short selling $72.89M; Ratio 9.199% slumped 11.54% to HKD24.98 at midday. ZIJIN MINING (02899.HK) -1.120 (-3.254%) Short selling $458.91M; Ratio 21.770% tumbled 4.84% to HKD36.94, making it the worst-performing blue chip in the morning session. ZIJIN GOLD INTL (02259.HK) -5.300 (-3.533%) Short selling $97.89M; Ratio 8.980% declined 3.27%, CHINAGOLDINTL (02099.HK) -7.100 (-4.454%) Short selling $48.78M; Ratio 14.427% shed 4.52%, and LINGBAO GOLD (03330.HK) -0.500 (-2.644%) Short selling $11.87M; Ratio 2.072% slid 6.68%.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-18 16:25.)
AASTOCKS Financial News