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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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