Correct. Although I think you have misunderstood the notation.

As written you would essentially be going non-stop from HKG to JFK by a very roundabout route with transits at each intermediate point. Stopovers are denoted by o rather than x.

Having said that, I did once do HKG-xJFK-xYVR-xDFW-xANC-xDFW-xORD-xLAX-xLHR-xCAI-xLHR-HEL (32660 miles in 108 hours), so you may be correct!