HSI Opens Up 60 pts; LI AUTO & NIO Advance, as HENLIUS Rockets 21%

Hong Kong stocks opened higher in the morning. $Hang Seng Index (800000.HK)$opened 60 points or 0.3% higher at 18,088. $Hang Seng China Enterprises Index (800100.HK)$ opened 22 points or 0.3% higher at 6,463. $Hang Seng TECH Index (800700.HK)$ opened 11 points or 0.3% higher at 3,689.

$FOSUN PHARMA (02196.HK)$ proposed to privatise $HENLIUS (02696.HK)$ at $24.6 per share. HENLIUS opened rocketing 21.3% at $22.85, while FOSUN PHARMA opened lifting 1.2% at $13.02. Pharma peer $WUXI BIO (02269.HK)$ opened elevating 2%.

For car stocks, $LI AUTO-W (02015.HK)$ and $NIO-SW (09866.HK)$ advanced 2.1% and 2.2% at open, while $BYD COMPANY (01211.HK)$ and $XPENG-W (09868.HK)$ escalated 0.2% and 0.8% at open.