Hang Seng Technologies rose more than 2%, Hang Seng Index rose more than 1%, new energy vehicles performed strongly, XPENG-W rose 10%.
On the market, the new energy vehicle, Tesla concept stocks, and autonomous driving sectors have seen significant gains, while the medical, innovative pharmaceutical, and power sectors have experienced the largest declines.
On Monday, July 3rd, the Hong Kong stock market opened high, and the three major indexes fluctuated upward. The Hang Seng Index rose more than 1% at one point, the Hang Seng TECH Index rose more than 2%, and the state-owned enterprise index rose 1.69%.
On the market, the new energy vehicle, Tesla concept stocks, and autonomous driving sectors saw higher gains, while the medical, innovative pharmaceutical, and power sectors experienced larger declines.
Strong Performance of Tech Stocks
Tech stocks showed strong performance, with JD.com rising nearly 4%, BILIBILI-W rising nearly 3%, and Baidu and Alibaba rising more than 2%.
Rise in New Energy Vehicle Stocks
At the beginning of the trading session, the new energy vehicle sector saw a rise, with XPENG-W rising more than 10%, and Geely Auto, Li Auto, and NIO-SW all experiencing increases.
Several emerging carmakers have released their sales data for June, with Aiways continuing to maintain 45,000 units, reaching a new historical high. Li Auto surpassed 30,000 units for the first time, and Jike Auto and Skywell Auto also performed well. NIO-SW and XPENG-W showed a month-on-month recovery in growth, but the year-on-year growth remained negative.
Rise in Tesla Concept Stocks
Tesla concept stocks rose, with LK TECH increasing nearly 5% and GANFENGLITHIUM rising nearly 3%.
Data shows that Tesla's production and delivery figures for the second quarter of this year increased by 85.5% and 83% respectively compared to the same period last year, marking a new milestone in Tesla's development.
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