Hang Seng Index Opens Lower as Tech and Automotive Stocks Show Mixed Performance
The Hang Seng Index opened 39 points lower, a decline of 0.16%, settling at 24,100 points. Meanwhile, the China Enterprises Index dropped 8 points or 0.09% to 8,679 points, and the Technology Index fell 8 points or 0.15% to 5,240 points.
Technology stocks showed mixed performance: Tencent edged up 0.1%, Alibaba slipped 0.6%, Meituan declined 0.1%, Xiaomi Group gained 0.2%, and Kuaishou rose 0.5%.
Financial stocks were generally weaker. HSBC Holdings dropped 1.1%, AIA Group fell 0.5%, Ping An Insurance edged up 0.1%, and the Hong Kong Stock Exchange declined 0.1%. Automotive stocks also saw varied movement. BYD shares remained flat, Geely Auto fell 0.7%, NIO surged 4.6%, while XPeng Motors and Li Auto declined 0.3% and 0.4%, respectively.
Source : Dimsumdaily.hk
