(Hong Kong) In the latest trading session, the Hang Seng Index opened with a 3-point increase or 0.01%, reaching 23,385 points. The Hang Seng China Enterprises Index rose by 18 points or 0.21% to 8,488 points, while the Hang Seng TECH Index climbed by 26 points or 0.51%, hitting 5,209 points.
Tech stocks displayed varied developments with Tencent up by 0.2%, Alibaba by 0.1%, Meituan down by 0.8%, Xiaomi Group post-earnings increase of 2.3%, JD.com down by 0.8%, and Kuaishou post-earnings surge of 6.4%.
Across the financial sector, HSBC Holdings dropped by 0.3%, AIA Group fell by 0.4%, China Ping An remained stable, and Hong Kong Exchanges and Clearing declined by 0.3%.
In the automotive sector, BYD Company showed no change, Geely Automobile rose by 0.7%, NIO remained stable, XPeng Motors held steady, and Li Auto dropped by 1.6%. Leading electric vehicle battery manufacturer Contemporary Amperex Technology Co. Limited (CATL) saw a rise of 0.6%.
Source: Dimsumdaily.hk
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