HSI Opens 160 pts Down; NIO, XPENG & LI AUTO Slid

Hong Kong stocks opened lower in the morning. $Hang Seng Index(800000.HK)$ opened lower by 160 points or 0.9% at 17,350. $Hang Seng China Enterprises Index(800100.HK)$ opened lower by 74 points or 1.2% at 5,955. $Hang Seng TECH Index(800700.HK)$ opened 80 points or 2% lower at 3,944.

$LI AUTO-W(02015.HK)$ opened 6.2% lower after reporting non-GAAP net profit of RMB3.478 billion for 3Q. $NIO-SW(09866.HK)$ and $XPENG-W(09868.HK)$ were each 4.4% and 4.2% lower at open, while $BYD COMPANY(01211.HK)$ was opening 2% lower at $241.2. $GEELY AUTO(00175.HK)$ opened 1.4% lower after it has filed a public registration statement with the US SEC for a proposed spin-off of Zeekr.