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Trending Industry Today: Rivian Automotive Leads Losses In Electric Vehicles Stocks
California Gas Car Ban Wins Biden Blessing in Clash With Trump
Hong Kong stocks closed (12.18) | The Hang Seng Index rose by 0.83% as market cap management catalyzed the rise of special valuations, with Autos and Semiconductors both seeing gains.
Hong Kong stocks stopped falling and rebounded today, with the three major indices having a rapid increase in the afternoon. The Hang Seng Index and the National Index both rose more than 1%, while the Hang Seng Technology Index once increased by over 2%.
Hong Kong stocks movement | Autos shares rose across the board. The effects of the November auto trade-in policy continue to manifest, and Institutions say that this policy is expected to continue next year.
The auto stocks rose across the board. As of the time of writing, NIO-SW (09866) increased by 3.9%, trading at 3.64 HKD; Li Auto-W (02015) rose by 2.7%, trading at 87.55 HKD; LEAPMOTOR (09863) increased by 2.78%, trading at 29.6 HKD; Xpeng Motors-W (09868) rose by 3.01%, trading at 49.6 HKD.
In November, China sold a total of 6,337 large and medium-sized new energy buses over 7 meters, an increase of more than 80% year-on-year.
Statistics show that in November 2024, there were a total of 6,337 large and medium-sized new energy buses over 7 meters sold in the country, an increase of 9.71% compared to the previous month (5,776 units) and an increase of 80.44% compared to the same month last year (3,512 units).
Nissan and Honda Rally as Investors See Upside From Potential Powerhouse Merger
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