【Hong Kong Stock Market Opens】Li Auto Soars 4%! Meituan Opens High by 2%
Hong Kong stocks collectively opened higher on August 30th, with the Hang Seng Index rising by 0.05% to 17,794.41 points. The performance of tech stocks varied, with Baidu falling by over 2%, Alibaba and JD.com falling by over 1%. Li Auto rose by 4.4%, while Great Wall Motor and XPeng rose by 4.6% and 4% respectively. Meituan opened higher by over 2%
Investment Insights - On August 30th, the three major Hong Kong stock indices opened higher collectively, with the Hang Seng Index up 0.05% to 17,794.41 points, the Hang Seng Tech Index up 0.43%, and the H-share index up 0.12%.
On the market, tech stocks showed mixed movements, with Baidu dropping over 2%. Alibaba and JD.com fell over 1%. Meituan (03690) opened higher by over 2%. Tencent (00700) opened flat.
Some Hong Kong car stocks opened higher, with Great Wall Motor (02333) up 4.6%, Li Auto (02015) up 4.4%, XPeng (09868) up 4%. BYD (01211) opened 1.1% higher.
Bank of China Hong Kong (02388) opened 3% higher at HKD 24.35. WuXi AppTec rose 12% and plans to repurchase company shares not exceeding HKD 100 million.
Overnight in the U.S.:
The Dow rose 0.59%, the S&P 500 index closed flat, and the Nasdaq index fell 0.23%.
【Image Source: Mitrade; Hang Seng Index Trends】
