Market Recap

EV stocks soar in HK: Nio up 12%, Xpeng up 20%

Nio and Li Auto are both up about 30 percent since last Monday, while Xpeng has rallied 70 percent in the same period.

EV stocks extend gains as China's zero-Covid policy sees significant easing

At press time, Nio extended gains in Hong Kong to 16.49 percent to HK$81.95, Xpeng rose 9.52 percent to HK$28.75 and Li Auto rose 10,51 percent to HK$71.

US audit officials complete 1st round of on-site inspections of Chinese firms ahead of schedule, report says

US audit inspectors completed the first round of on-site inspections of Chinese companies ahead of schedule, signaling progress in the process of preventing the delisting of shares of US-listed Chinese companies, Bloomberg reported.

EV stocks soar in Hong Kong: Xpeng up 26%, Nio up 18%

Hong Kong stocks rose overall, with the Hang Seng Index up 5.8 percent and the Hang Seng Tech Index up 8.2 percent.

Power battery giant CALB plunges over 30% in HK before greenshoe option expires Friday

This sent the company's market capitalization down to HK$41.1 billion, down HK$20.9 billion from about HK$62 billion at the opening of trading today.

Xpeng gains over 8% in Hong Kong after CEO adds 2.2 million ADSs

Xpeng chairman and CEO He Xiaopeng spent about $30 million to buy additional ADSs of the EV maker.

Xpeng plunges 14% in Hong Kong amid broad sell-off after G9 launch

As of press time, Nio and Li Auto also plunged, albeit to a lesser extent, at 9.24 percent and 5.85 percent, respectively.

Li Auto drops to three-month low in Hong Kong as shares fall below HK$100

Li Auto fell below HK$100 for the first time since early June, accumulating a 32 percent drop from its recent high on June 24.

Nio extends rally in Hong Kong while overall market suffers sell-off

At press time, Nio was up 3.33 percent in Hong Kong to a two-month high, while the Hang Seng Index was down 2.51 percent.

Nio opens up 15% in Hong Kong to one-month high

Nio opened up 15 percent to HK$165.6 in Hong Kong, a new high since August 16. The company gained 13.52 percent in the US overnight.