US equities fell overnight (4th) amid news of clashes between the US and Iran in the Persian Gulf, with the DJIA closing down 557 points or 1.1%. Asia-Pacific markets were mostly weaker today (5th). Mainland China A-shares, Japan and S Korea markets were closed for holidays.Hong Kong's HSI fell 302 points or 1.2% to 25,793 at midday, with turnover of HKD64.5 billion. HSBC HOLDINGS (00005.HK) +2.500 (+1.804%) Short selling $373.33M; Ratio 22.880% announced its results at noon, with pre-tax profit meeting market expectations. HSBC HOLDINGS fell 1.4% at midday. Taiwan's Weighted Index rose 35 points or 0.1% to 40,740, hitting an intraday record high of 40,885. MediaTek surged another 9.9% to limit-up. Hon Hai rose 4.6%, while TSMC and ASE Technology fell 0.7% and 0.6% respectively, and Delta Electronics dropped 2%.Related News Citi Raises HSBC HOLDINGS (00005.HK) TP to HKD156.7, Lifts Earnings ForecastIndia's Nifty 50 Index fell 108 points or 0.5% to 24,011. Low-cost carrier IndiGo declined 1.2%, while Tata Group retail arm Trent and Sun Pharmaceutical both dropped over 1%. IT outsourcing firms Tata Consultancy Services and Infosys bucked the trend, rising 0.4% to 0.6%.The Reserve Bank of Australia raised interest rates by 25 bps to 4.35%, in line with expectations. Australia's S&P/ASX 200 Index fell 38 points or 0.5% late in the session to 8,658. Westpac Banking dropped 3.1%, retailer Wesfarmers fell 1.8%, while mining stocks Rio Tinto and BHP declined 0.8% and 0.9% respectively. New Zealand's NZX 50 Index fell 108 points or 0.8% late in the session to 12,989. Air New Zealand fell over 1%, and medical device maker Fisher & Paykel Healthcare declined 1.5%.Singapore's Straits Times Index fell 21 points or 0.4% to 4,902. Yangzijiang Shipbuilding dropped 2.3%, while DBS and Singtel each fell 0.4%, and Singapore Exchange declined 1.2%.Related NewsJPM Raises HSBC HOLDINGS (00005.HK) TP to HKD182, Rating OverweightAmong other SE Asia markets, Malaysia and Thailand fell 0.1% and 0.2% respectively. The Philippines' PSEi rose 0.2%, and Indonesia gained 1%. Vietnam's Hanoi market fell 1.3%, while Ho Chi Minh City rose 0.9%. (fc/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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