HSI Opens 60 pts Low; Electric car stock mixed

Hong Kong stocks opened on a soft note. $Hang Seng Index(800000.HK)$ opened 60 points or 0.3% lower at 19,355. $Hang Seng China Enterprises Index(800100.HK)$ opened 26 points or 0.4% lower at 6,587. $Hang Seng TECH Index(800700.HK)$ opened 10 points or 0.3% lower at 4,064.

Electric car stock $XPENG-W(09868.HK)$ opened 0.6% higher, as $NIO-SW(09866.HK)$ opened 0.1% higher. $BYD COMPANY(01211.HK)$ opened 0.2% higher after spending more than $4.8 billion to set up a factory in Brazil to produce electric vehicles. $GEELY AUTO(00175.HK)$ opened 1.2% lower.

$HSBC HOLDINGS(00005.HK)$ opened 0.7% lower, as the secretary of Beijing Municipal Party Committee met with HSBC's chairman to discuss expanding investment and business in Beijing. $HKEX(00388.HK)$ opened 0.07% lower. $AIA(01299.HK)$ opened flat.