HSI Opens Up 186 Pts; LI AUTO Slips 5%+

$Hang Seng Index (800000.HK)$ opened higher by 186 pts or 1.2% to 16,410. $Hang Seng China Enterprises Index (800100.HK)$ opened higher by 58 pts or 1% to 5,805. $Hang Seng TECH Index (800700.HK)$ opened higher by 40 pts or 1.2% to 3,318.

After $Tesla (TSLA.US)$ cut prices of cars sold in China, US and other countries, HK-listed automaker $NIO-SW (09866.HK)$ sank 1.3%. $LI AUTO-W (02015.HK)$ slumped 5.8%, making it the worst-performing blue-chip stock. $XPENG-W (09868.HK)$ added 1.1% since the company launched a time-limited RMB500 million subsidy for car purchases. $GEELY AUTO (00175.HK)$ lifted 1.1%. $BYD COMPANY (01211.HK)$ faded 0.3%.