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.

Zhitong Finance04:46 ET

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.

Zhitong Finance02:17 ET

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.

cls.cn18:11 ET

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.

Zhitong FinanceOct 8 08:01 ET

China's Stocks Lose Steam as Enthusiasm for Major Stimulus Wanes. What's Next?

Analysts NotebookOct 8 06:04 ET

Express News | Li Auto Down 11.7%, JD.com Down 12.5%, NIO Down 14.4%, Xpeng Down 12.1%

ReutersOct 8 04:17 ET