Hong Kong stocks surged and then fell back, with the Hang Seng Index closing up 0.1%. New energy vehicles were active, but China Evergrande fell 11%.
Xpeng Motors rose by about 4.8%, with an intraday increase of over 6%. NIO rose by over 2%, while Li Auto and JD.com rose by over 1%. NetEase and Weibo rose by over 0.9%, while Tencent and Baidu saw a slight increase. Bilibili and Xiaomi fell by over 1%.
On October 5th, the Hong Kong stock market opened high, with a wide range of fluctuations in the morning and gradually declining in the afternoon. The Hang Seng Index rose 0.1%, the Hang Seng Technology Index rose 0.14%, and the state-owned enterprise index rose 0.09%.
In terms of market performance, retail, beer, and new energy vehicles led the gains, while security, steel, and precious metals and non-ferrous metals led the declines.
Xiaopeng Motors rose by about 4.8%, rising more than 6% at one point, NIO rose more than 2%, Ideal Motors and JD.com rose more than 1%, NetEase and Weibo rose more than 0.9%, Tencent and Baidu rose slightly, and Bilibili and Xiaomi fell more than 1%.
Beer and pork led the gains, with AB InBev Asia rising more than 5.4% and China Resources Beer rising 2.4%. Wanzhou International rose more than 3.2%, and Yurun Food rose more than 2%.
New energy vehicles were active, with Leap Motor rising more than 8%, and Great Wall Motors, BYD, BAIC, and GAC following suit.
Real estate trends were mixed, with Sunac China rising more than 6%, Longfor Group rising more than 5%, and China Evergrande, Country Garden, and Hopson Development rising more than 3%.
China Evergrande opened with volatile gains, rising more than 7% at one point, but fell in the final trading session, closing down 11.11%. It has fallen more than 10% for two consecutive days. Biopharmaceuticals plunged in early trading and narrowed their losses in the afternoon.
Coal, petroleum, and petrochemicals fell.
Precious metals and non-ferrous metals remained sluggish.