HSI Hikes 121 Pts; XPENG opened 0.9% higher

$Hang Seng Index(800000.HK)$ opened 121 pts or 0.7% higher at 16,743. $Hang Seng China Enterprises Index(800100.HK)$ opened 36 pts or 0.7% higher at 5,656. $Hang Seng TECH Index(800700.HK)$ opened 35 pts or 1% higher at 3,745.

$BABA-SW(09988.HK)$ , having reduced its stake in $XPENG-W(09868.HK)$ by another 50 million Class A shares, opened 1.2% higher at $74.2 this morning. XPENG opened 0.9% higher at $55.2. $NIO-SW(09866.HK)$ bounced back 2.5%. $BYD COMPANY(01211.HK)$ added 0.8% at $203. Snapping yesterday's upsurge, $EVERG VEHICLE(00708.HK)$ slid 5.1% to $0.56.