US stocks movement | Most electric vehicle stocks fell, xpeng (XPEV.US) rose more than 1.4%.
Most electric vehicle stocks fell, as of the deadline, xpeng rose more than 1.4%.
EV Makers XPeng, Nio Shares Pricing in High Expectations After Recent Rally: UBS
Hong Kong stocks closed (10.09) | Hang Seng Index fell by 1.38%, brokerages, infrastructure, shipping stocks continued to decline. Meituan-W (03690) rose against the trend.
The State Council Information Office will hold a press conference on Saturday at noon to introduce the relevant situation of "increasing the intensity of fiscal policy countercyclical adjustment and promoting high-quality economic development". The three major Hong Kong stock indexes rebounded in the afternoon, with all of them falling more than 3% in the early session, but then falling back again in the late session.
HK Stock Market Watch | xpeng-W(09868) is now up more than 6%. xpeng P7+ will debut tomorrow. September sales hit a record high.
Xpeng-W (09868) rose more than 6% now, once rose more than 12% in the morning. As of the time of publication, it is up 6.22%, trading at 47.85 Hong Kong dollars, with a turnover of 1.371 billion Hong Kong dollars.
[Brokerage Focus] CICC: September electric vehicles leading indicators set the tone for 4Q24.
Jingu Financial News | CMB International stated that the leading indicators for electric vehicles in September performed steadily. The bank believes that the warming leading indicators, combined with the strong order growth during the National Day gold period surveyed by the bank, the series of new energy new models launched in late September, and the doubling of government subsidies, all indicate that electric vehicles are expected to achieve strong sales growth in October and throughout the entire fourth quarter.
Hong Kong stocks have unusual movements| Most auto stocks rebounded during the National Day holiday season, with hot vehicle sales. Several car companies achieved historical record high sales in September.
Most auto stocks rebounded, as of the deadline for submission, xpeng-W (09868) rose by 7.1%, to 48.25 Hong Kong dollars; nio-SW (09866) rose by 6.02%, to 49.35 Hong Kong dollars; li auto inc-W (02015) rose by 4.58%, to 109.6 Hong Kong dollars.
U.S. stocks closed: nvidia leads the charge to new highs, with Chinese stocks falling slightly less than Hong Kong stocks.
①Nvidia is holding up the flag for the US stock market, with the S&P 500 index only 10 points away from its historical high; ②The Nasdaq China Golden Dragon Index fell by 6.85%, with Chinese concept stocks slightly lower than Hong Kong stocks overall; ③Microsoft and OpenAI flaunt receiving Nvidia's B200 chip server; ④Research companies predict: Apple may launch a smart ring.
Cui Dongshu: The technological improvement of the 7th batch of tax-exempt models for new energy vehicles is relatively stable. There are many pure electric passenger vehicles with a range of over 600 kilometers.
In 2024, there are a total of 18,365 electric vehicles in the tax-free catalog, with a relatively higher quantity compared to the normal level of recent years due to an excess in the first batch.
Market Chatter: Chinese EV Firms Scramble to Dispose of Stocks As Buyer Subsidies End
China's Stocks Lose Steam as Enthusiasm for Major Stimulus Wanes. What's Next?
Express News | Ishares MSCI China ETF Down 13.5%, Kraneshares CSI China ETF Down 13%, ishares China Large-Cap ETF Down 11.6%
Express News | Li Auto Down 11.7%, JD.com Down 12.5%, NIO Down 14.4%, Xpeng Down 12.1%
Express News | PDD Holdings Down 12.2%, NetEase Down 9.7%, Baidu Down 10.1%
Express News | Alibaba Down 8.9%, Bilibili Down 17.2%, Tencent Music Entertainment Down 11.9%
Express News | U.S.-Listed Shares of Chinese Firms Fall Premarket as China Stimulus-Driven Rally Loses Momentum
China's Fiscal Package Likely 'On the Way,' HSBC Says
Hong Kong stocks abnormal movement | Auto stocks significantly fell back, li auto inc-W (02015) fell more than 11%, xpeng-W (09868) fell more than 10%
The automotive stocks, which had been continuously rising before, experienced a significant pullback today. As of the time of writing, li auto inc-W(02015) fell by 11.06%, trading at 107 Hong Kong dollars; xpeng-W(09868) fell by 10.21%, trading at 46.6 Hong Kong dollars.
Short selling in Hong Kong stocks continues to increase! citic sec's short selling ratio has surged by nearly 20 percentage points.
①How is the short sell data in the Hong Kong stock market currently? ②How do institutions view the performance of the China market in the future?
Trending Industry Today: LI AUTO-W Leads Losses In Electric Vehicles Stocks
Xpeng to Unveil P7+ Electric Sedan on Oct 10