Hang Seng Index opens higher as XPeng soars by 9.3%
The Hang Seng Index (HSI) opened 100 points higher on Tuesday, gaining 0.4% to reach 25,205 points.
The China Enterprises Index rose by 50 points (0.55%) to 9,024 points, while the Hang Seng Tech Index climbed 54 points (0.99%) to 5,553 points. Technology stocks showed mixed performance, with Tencent rising 1%, Alibaba slipping 0.1%, and Meituan remaining flat. Xiaomi Group saw a 1.2% increase, JD.com gained 0.4%, and Kuaishou edged up by 0.2%.
Financial stocks were largely stable: HSBC Holdings rose 0.1%, while both AIA and Ping An Insurance reported no change. Hong Kong Exchanges and Clearing (HKEX) recorded a slight gain of 0.2%.
IFBH, the parent company of the coconut water brand “if,” plunged 14.9% following its earnings report, marking a sharp decline.
XPeng Motors stood out, surging by 9.3%, reflecting strong investor confidence.
The Hang Seng Index shows resilience as key sectors report varied trends, with technology stocks and XPeng’s performance drawing significant attention.
Source: Dimsum Daily.hk