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<H Shrs>HSI Sags 322 Pts at Midday, but CHINA LIFE Advances ~5%; SMIC Swells 6%+
The HSI sagged 322 points or 1.2% to close at 25,789 at noon. The HSCEI shed 112 points or 1.3% to 8,693. The HSTECH dropped 48 points or nearly 1% to 4,862. Total market turnover ...
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<H Shrs>HSI Sags 322 Pts at Midday, but CHINA LIFE Advances ~5%; SMIC Swells 6%+
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The HSI sagged 322 points or 1.2% to close at 25,789 at noon. The HSCEI shed 112 points or 1.3% to 8,693. The HSTECH dropped 48 points or nearly 1% to 4,862. Total market turnover amounted to $156.585 billion.

Chinese insurer CHINA LIFE (02628.HK)  +0.160 (+0.559%)    Short selling $157.88M; Ratio 23.214%   advanced nearly 5% at midday as its 1Q net profit fell 32.3%. CLSA said that its net profit was broadly in line with expectations, while Morgan Stanley and JPMorgan noted strong growth in its new business value.

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Among Chinese banks, CCB (00939.HK)  +0.060 (+0.683%)    Short selling $402.98M; Ratio 42.500%   reported a 3.5% increase in 1Q net profit, but its stock price cascaded 1.6%. BANKCOMM (03328.HK)  -0.030 (-0.420%)    Short selling $96.43M; Ratio 34.060%   posted a 3.1% increase in 1Q net profit, but its share price waned nearly 3%.

BANK OF CHINA (03988.HK)  +0.030 (+0.593%)    Short selling $166.07M; Ratio 29.420%   recorded a 4.2% YoY hike in 1Q net profit, while ICBC (01398.HK)  +0.084 (+1.229%)    Short selling $236.26M; Ratio 33.241%   posted a 3.3% rise in 1Q net profit, but their share prices faded 1.5% and 1.9%. ABC (01288.HK)  +0.009 (+0.152%)    Short selling $167.01M; Ratio 39.549%   reported a 4.5% growth in 1Q net profit, but its share price lost 1.1%.

AI chip stock CAMBRICON (688256.SH)  +283.330 (+20.000%)   soared 17.3% at midday to break ceiling, as the Company’s 1Q net profit surged 185.04% YoY. Chip stock SMIC (00981.HK)  +1.250 (+1.763%)    Short selling $346.37M; Ratio 11.880%   swelled 6.4%, making it the best-performing blue chip. HUA HONG SEMI (01347.HK)  +6.900 (+6.047%)    Short selling $295.95M; Ratio 16.932%   also leaped 3.9%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-04 16:25.) (A Shares quote is delayed for at least 15 mins.)

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