Hong Kong stocks opened mixed on Thursday morning, with the benchmark Hang Seng gaining 0.38%, while EV stocks declined. Shares of $XPENG-W (09868.HK)$, $Li Auto-W (02015.HK)$ and $NIO-SW (09866.HK)$ fell over 1%.
Stock | Movement |
---|---|
$BABA-SW (09988.HK)$ | 0.06% |
$JD.com, Inc.-SW (09618.HK)$ | -0.45% |
$BIDU-SW (09888.HK)$ | -1.17% |
$TENCENT (00700.HK)$ | 0.4% |
$Meituan-W (03690.HK)$ | 0.4% |
Nio Inc | -1.10% |
XPeng Inc | -2.61% |
Li Auto Inc | -1.89% |
The PBOC kept the rate on 400 billion yuan ($57.46 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.75%, according to Channel News Asia.
Company News: Alibaba launched its second annual small business grants program, known as the "Manifest" Grants Program, to enhance the competitive edge of products by US small and medium-sized businesses (SMBs).
$Tesla (TSLA.US)$ Chair Robyn Denholm has defended the carmaker's focus on China and plans to grow further in the country, saying hitting a goal of making 20 million vehicles a year by 2030 will require manufacturing capabilities on every continent, reported Bloomberg.
Top Gainers and Losers: $Country Garden Services Holdings (06098.HK)$ and $WUXI BIO (02269.HK)$ gained over 7% each, while $ENN ENERGY (02688.HK)$ and $HENGAN INT'L (01044.HK)$ lost over 0.6% each.
Global News: U.S. futures traded in the green on Thursday morning Asia session. The Dow Jones futures were up 0.06% while the Nasdaq futures gained 0.09%. The S&P 500 futures rose 0.09%.
Elsewhere in Asia, Australia's ASX 200 gained 0.36%. Japan's Nikkei 225 was up 0.12% while China's Shanghai Composite index gained 0.5%. South Korea's Kospi was up 0.1%.