Hong Kong Stocks Turn Positive; Li Auto Gains 3%; Alibaba Rises 1%

Market Watcher11-07

Hong Kong stocks turned positive in morning trading, reversing initial losses, as investors priced in heightened tensions around security and trade in a second Donald Trump presidency, with losses contained by expectations from a key Chinese leadership meeting.

The Hang Seng Index rose 1.1%, while the Hang Seng Tech Index rose 1.3%.

In terms of star stocks, Li Auto rose 2.7%; Meituan rose 2.3%; XPeng rose 1.8%; Tencent rose 1.3%; Baidu and Alibaba rose 1%; while NIO fell 1.5%.

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Comments

  • neo26000
    11-07
    neo26000
    Yesterdays drop was truly baffling after Trumps win. It seemed illogical and caught Harris supporters off guard. But in the midst of volatility, I have stayed committed to the Hong Kong stock market because I believe in its long-term potential. Patience is key, and despite the short-term noise, I have always viewed HK as a market that rewards long-term investors. Economic fundamentals and growth prospects in Asia continue to be strong. It's about resilience—if you stick with it and manage risk carefully, the market eventually rewards you. Emotional reactions can cloud judgment, but patience often leads to great returns.
    • gogoooCn: 

      Yeee let’s go!! Buy eveything in China!

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