<div id="readability-page-1"><div>The HSI settled at 25,655 at midday, down 142 pts or 0.55%. Half-day turnover amounted to HKD140.719 billion. The HSCEI closed at 8,604 at midday, down 34 pts or 0.4%. The HSTECH closed at 4,865, up 7 pts or 0.16%.Market sentiment was buoyed by YMTC initiating its A-share IPO process. SMIC (00981.HK) +6.550 (+9.562%) Short selling $1.19B; Ratio 12.088% mushroomed 8.61% to HKD74.4, the best-performing blue chip at midday. HUA HONG SEMI (01347.HK) +11.600 (+9.949%) Short selling $749.06M; Ratio 20.702% swelled 8.66% to HKD126.7. Memory chip stock GIGADEVICE (03986.HK) +86.000 (+14.286%) elevated 14.29% to HKD688.Among active leading tech names, TENCENT (00700.HK) -2.600 (-0.565%) Short selling $546.81M; Ratio 11.841% edged down 0.57%; BIDU-SW (09888.HK) -1.900 (-1.390%) Short selling $149.05M; Ratio 30.512% fell 1.24%; JD-SW (09618.HK) +1.700 (+1.350%) Short selling $188.40M; Ratio 35.206% bucked the trend, closing at HKD127.8 at midday, up 1.51%. BABA-W (09988.HK) +0.200 (+0.150%) Short selling $888.54M; Ratio 19.371% gained 0.3%, while XIAOMI-W (01810.HK) -0.560 (-1.828%) Short selling $718.44M; Ratio 41.353% dropped 1.89%.On individual stocks, BILIBILI-W (09626.HK) -6.900 (-4.420%) Short selling $243.12M; Ratio 38.589% closed at HKD149.1 at midday, down 4.48%, as its 1Q game revenue recovery was said to be slower, prompting Daiwa and Goldman Sachs to cut their TPs. EVERG SERVICES (06666.HK) -0.090 (-6.250%) tumbled 6.25% to HKD1.35 after the exclusivity period for potential transaction negotiations expired without extension. HESAI-W (02525.HK) -18.000 (-10.333%) Short selling $64.18M; Ratio 31.646% , which announced 1Q results after market close yesterday, reported HKD156.1 at midday, plunging 10.39%. Citi lowered its TP. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-20 12:25.)</div></div>

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The HSI fell 142 points to 25,655 at midday, with a turnover of HKD140.719 billion. SMIC and HUA HONG SEMI surged over 8%, while HESAI-W dropped 10% post-results. GIGADEVICE rose 14.29%. Major tech stocks showed mixed performance, with TENCENT and BIDU-SW declining, while JD-SW gained 1.51%. BILIBILI-W fell 4.48% due to slower game revenue recovery, and EVERG SERVICES tumbled 6.25% after failed transaction negotiations.

AASTOCKS News

SMIC

Hesai

HUA HONG SEMI

Hua Hong

VanEck Semiconductor ETF

ChinaAMC Guozheng Semiconductor Chip ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

China Southern CSI Semiconductor Industry Custom ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

Direxion Semicon Bull 3X

Guotai CES Semiconductor Chip Industry ETF

iShares Semiconductor ETF

Invesco Semiconductors ETF

Hang Seng Index

HESAI-W

Hang Seng China Enterprises Index

Hang Seng TECH Index

GIGADEVICE

TENCENT

Tencent

BIDU-SW

Baidu

JD-SW

JD.com

BABA-W

Alibaba

XIAOMI-W

Xiaomi Corporation

BILIBILI-W

Bilibili

EVERG SERVICES

Daiwa Securities Group Inc.

Goldman Sachs

Citigroup

SMIC HK SDR 5to1

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

BIDU-SWR

JD-SWR

BABA-WR

Alibaba HK SDR 5to1

XIAOMI-WR

Xiaomi HK SDR 2to1

GS Hldg R

CITIGROUP INC 6.250 NON CUM SER II PFD WI

HSI Fades 142 pts at Half-day; SMIC, HUA HONG SEMI Each Up 8%+; HESAI-W Slumps 10% Post-results