HSI Fades 34 Pts; LI AUTO Leaps 6%+
$Hang Seng Index(800000.HK$ opened 34 pts or 0.2% lower at 17,059. $Hang Seng China Enterprises Index(800100.HK$ opened 9 pts or 0.2% lower at 5,940. $Hang Seng TECH Index(800700.HK$ opened 6 pts or 0.2% higher at 3,650.
EV maker $LI AUTO-W(02015.HK$ cut prices on some of its vehicles and adjusted its 2024 model lineup. The stock opened 6.4% higher at $156.4, as Morgan Stanley believed that the company is undergoing a timely and much-needed strategic adjustment, and the market will wait to see if it can turn the situation around after adjusting its selling prices.
Fellows $NIO-SW(09866.HK$ and $XPENG-W(09868.HK$ dropped 1.8% and 2.3%. $BYD COMPANY(01211.HK$ gained 1.1% at $212.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment