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Market Review: HSI Rises but Faces Resistance at 26,000; POP MART Surges Over 6%
Market sources said the next round of US-Iran talks may be held on Thu (16th) in Islamabad, the capital of Pakistan. The HSI fluctuated higher today (14th) but encountered resistan...
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Market Review: HSI Rises but Faces Resistance at 26,000; POP MART Surges Over 6%
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Market sources said the next round of US-Iran talks may be held on Thu (16th) in Islamabad, the capital of Pakistan. The HSI fluctuated higher today (14th) but encountered resistance at the 26,000 level. The US took action on Monday to block key waterways at Iranian ports and coastal areas. Subsequently, US President Donald Trump said in a White House speech that he had received a call from relevant Iranian parties expressing hope to reach an agreement. The DJIA and Nasdaq rose 0.6% and 1.2%, respectively, overnight (13th). As of writing, the US two-year Treasury yield fell to 3.762%, while the 10-year Treasury yield declined to 4.279%. The US Dollar Index dropped to 98.21. DJIA futures last rose 83 points or 0.17%, and Nasdaq futures gained 114 points or 0.45%.Chinas March exports denominated in USD rose 2.5% YoY, imports increased 27.8% YoY, and the trade surplus narrowed to USD51.13 billion. The Shanghai Composite Index rose 38 points or 0.95% to close at 4,026, the Shenzhen Component Index gained 1.6%, and the ChiNext Index climbed 2.36% to a more than four-year high. Combined turnover on the Shanghai and Shenzhen exchanges totaled RMB2.38 trillion.The HSI opened 268 points higher and once rose 334 points to a peak of 25,995. It closed up 211 points or 0.8% at 25,872. The HSCEI rose 69 points or 0.8% to 8,671, and the HSTECH gained 29 points or 0.6% to 4,851. Total market turnover for the day amounted to HKD236.776 billion. Northbound trading turnover totaled HKD103.154 billion, while southbound funds recorded a net outflow of HKD20.17 billion today (net inflow of HKD22.49 billion in the previous trading day). PING AN (02318.HK)  +1.600 (+2.595%)    Short selling $621.97M; Ratio 36.627%   rose nearly 2.6%, and HSBC (00005.HK)  +2.200 (+1.585%)    Short selling $428.34M; Ratio 16.673%   gained 1.6%.JD HEALTH (06618.HK)  +1.080 (+2.325%)    Short selling $122.97M; Ratio 19.474%   rebounded 2.3% to HKD47.54 today (14th) after plunging 9.4% yesterday (13th), while ALI HEALTH (00241.HK)  +0.120 (+2.733%)    Short selling $132.56M; Ratio 27.255%   rose 2.7%. MEITUAN-W (03690.HK)  -1.350 (-1.562%)    Short selling $918.85M; Ratio 29.520%   launched its AI product "Xiaotuan Health Butler" and a paid membership service "Health Card" focused on family health management. The product provides basic medical consultation and health advisory services, supports family health record management and intelligent interpretation of medical check-up reports. Users can switch to online drug purchases, online consultations or offline medical appointments during conversations, forming a closed-loop from consultation to fulfillment. Meituans shares fell 1.6% to HKD85.1. In addition, JD LOGISTICS (02618.HK)  +0.830 (+5.748%)    Short selling $82.39M; Ratio 20.005%   jumped 5.7%, and JD INDUSTRIAL (07618.HK)  +2.030 (+16.558%)    Short selling $5.09M; Ratio 4.661%   surged 16.6%.ALIBABA (09988.HK)  +1.300 (+1.055%)    Short selling $869.15M; Ratio 13.268%   rose 1.1% for the day, while TENCENT (00700.HK)  +3.200 (+0.653%)    Short selling $866.35M; Ratio 9.885%   and KUAISHOU-W (01024.HK)  +0.100 (+0.225%)    Short selling $162.15M; Ratio 13.005%   gained 0.7% and 0.2%, respectively. DEEPEYE TECH (01384.HK)  -5.800 (-8.169%)   and XUNCE (03317.HK)  -16.600 (-4.632%)   retreated 8.2% and 4.6%. Chip equipment stock ASMPT (00522.HK)  +7.800 (+6.627%)    Short selling $83.44M; Ratio 14.736%   rose 6.6%, and fiber optic stock YOFC (06869.HK)  +1.600 (+0.745%)    Short selling $403.63M; Ratio 9.856%   gained 0.7%.Battery maker CATL (03750.HK)  -22.500 (-3.297%)    Short selling $1.05B; Ratio 26.257%   is considering a share placement in Hong Kong to raise up to USD5 billion. Its H shares fell 3.3% to HKD660, with turnover of HKD3.99 billion. CATL will announce its 1Q26 results tomorrow (15th).BAIDU-SW (09888.HK)  +3.700 (+3.445%)    Short selling $350.03M; Ratio 21.459%   rebounded 3.4%. UBS said in a research report that Baidus upcoming 1Q26 results are expected to meet market expectations. Revenue growth will be driven by increasing contribution from AI-related businesses, which are expected to account for more than 50% of core revenue. The broker expects AI cloud infrastructure revenue to grow by more than 40% in the first quarter, benefiting from surging AI demand and tight computing power supply that has led to industry-wide price hikes. Baidus supply-side advantages in its self-developed Kunlun chip are expected to help win new customers and drive renewals from existing clients. UBS also expects AI-powered marketing to maintain strong growth throughout the year, with AI applications continuing to focus on user expansion and enhanced AI features.Market breadth improved. The ratio of advancers to decliners among main board stocks was 32 to 19 (17 to 32 the previous day), with 1,337 stocks rising (3.7%). Among HSI constituents, 61 stocks rose and 29 fell, with an advancer-to-decliner ratio of 68 to 32 (24 to 71 the previous day). Short selling amounted to HKD37.573 billion, representing 18.498% of turnover of HKD203.116 billion in eligible securities.POP MART (09992.HK)  +9.900 (+6.535%)    Short selling $772.51M; Ratio 12.625%   surged 6.5% to HKD161.4, with turnover of HKD6.119 billion. Mainland media reported that Duan Yongping has been positioning in POP MART by selling put options. Duan explained that he is generally fully invested, with most of his capital already allocated to other investments. Nevertheless, he can first sell some puts on POP MART while considering which investments to switch from in terms of opportunity cost. He said he does not mind if the share price rises as a result, and earning slightly less can be treated as charity, as profits will ultimately be used for charitable purposes. If the puts are not exercised, he can still earn the premium; if they are exercised, he believes he may earn even more.AASTOCKS Financial News Website: www.aastocks.com

This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.


HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-14 16:25

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