HSI Increments 4 pts at Open; XPENG Hikes ~10%

Hong Kong stocks opened higher. $Hang Seng Index(800000.HK)$ opened up 4 points at 19,225. $Hang Seng China Enterprises Index(800100.HK)$ opened up 12 points or 0.2% at 6,833. $Hang Seng TECH Index(800700.HK)$ opened up 6 points or 0.2% at 3,987.

Electric car stock $XPENG-W(09868.HK)$ opened surging 9.6% after narrowing its loss to RMB1.37 billion in the first quarter, significantly beating market expectations. $LI AUTO-W(02015.HK)$ and $NIO-SW(09866.HK)$ opened 1.4% and 2.1% higher.