Hong Kong's benchmark index $Hang Seng Index(800000.HK)$ today opened in the red, losing 0.03% in Friday morning trade as investors took cues from a mixed session on Wall Street the day before. U.S. indices ended mixed earlier on Thursday despite a fall in the producers' prices.
EV shares surged in Hong Kong trading on Friday. $Tesla(TSLA.US)$ rival $XPENG-W(09868.HK)$'s shares shot up over 4% in morning trade while $NIO-SW(09866.HK)$ and $Li Auto-W(02015.HK)$ gained over 2%.Stock | Movement |
---|---|
$BABA-SW(09988.HK)$ | 0.65% |
$JD.com, Inc.-SW(09618.HK)$ | -0.09% |
$BIDU-SW(09888.HK)$ | -0.88% |
$TENCENT(00700.HK)$ | -0.72% |
$Meituan-W(03690.HK)$ | 0.51% |
Nio Inc | 2.22% |
XPeng Inc | 4.29% |
Li Auto Inc | 1.29% |
Company News: Chinese EV maker NIO Inc has launched its support for Formula Student Germany, a move that could be seen as part of the firm's efforts in building its brand image in the country, reported CnEVPost.
Chinese ride-hailing firm Didi Chuxing's joint venture with Li Auto has applied for bankruptcy, according to a court filing, which could mark the end of a four-year-old partnership to make electric vehicles, reported Reuters.
Global Markets: U.S. indices ended mixed on Thursday taking a breather from the recent rally. The Nasdaq ended 0.58% down while the S&P 500 shed 0.07%. The Dow Jones Industrial Average rose 0.08%.
Elsewhere in Asia, Australia's ASX 200 lost 0.58% during Friday morning trade. Japan's Nikkei 225 gained over 2% while the South Korean Kospi fell 0.19%. China's Shanghai Composite index was trading flat.