Alibaba Shares Jump, EV Stocks Shine As Wider Hang Seng Falls: Key Events Driving Hong Kong Stocks Today

Benzinga2022-08-12

Hong Kong’s benchmark index Hang Seng today opened in the red, losing 0.23% in Friday morning trade as investors took cues from a mixed session on Wall Street the day before. U.S. indices ended mixed earlier on Thursday despite a fall in the producers’ prices.

EV shares surged in Hong Kong trading on Friday. Tesla Inc rival XPeng's shares shot up over 4% in morning trade while NIO and Li Auto gained over 2%.

Company News: Chinese EV maker NIO Inc has launched its support for Formula Student Germany, a move that could be seen as part of the firm’s efforts in building its brand image in the country, reported CnEVPost.

Chinese ride-hailing firm Didi Chuxing’s joint venture with Li Auto has applied for bankruptcy, according to a court filing, which could mark the end of a four-year-old partnership to make electric vehicles, reported Reuters.

Global Markets: U.S. indices ended mixed on Thursday taking a breather from the recent rally. The Nasdaq ended 0.58% down while the S&P 500 shed 0.07%. The Dow Jones Industrial Average rose 0.08%.

Elsewhere in Asia, Australia’s ASX 200 lost 0.58% during Friday morning trade. Japan’s Nikkei 225 gained over 2% while the South Korean Kospi fell 0.19%. China’s Shanghai Composite index was trading flat.

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Comments

Bspn
2022-08-12
Bspn
Ok
Pigmonkey
2022-08-12
Pigmonkey
Ok
Ohshi
2022-08-12
Ohshi
Little jump... Wait for better opportunity
Deonc
2022-08-12
Deonc
Good
browncow
2022-08-12
browncow
[Like]
jayfalcon
2022-08-12
jayfalcon
Like pls 🙏 thanks

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Wait for better opportunity&nbsp;","listText":"Little jump... Wait for better opportunity&nbsp;","text":"Little jump... Wait for better opportunity","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990303169","repostId":1164928919,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9990978638,"gmtCreate":1660279152026,"gmtModify":1676533443435,"author":{"id":"3569316529855154","authorId":"3569316529855154","name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3569316529855154","authorIdStr":"3569316529855154"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990978638","repostId":1164928919,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9990963662,"gmtCreate":1660272690658,"gmtModify":1676533442100,"author":{"id":"4120785507401002","authorId":"4120785507401002","name":"browncow","avatar":"https://community-static.tradeup.com/news/32f50ec6bd9f1fc9703beeb5748fdef7","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":3,"crmLevelSwitch":1,"idStr":"4120785507401002","authorIdStr":"4120785507401002"},"htmlText":"[Like]&nbsp;","listText":"[Like]&nbsp;","text":"[Like]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990963662","repostId":1164928919,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9990963899,"gmtCreate":1660272687913,"gmtModify":1676533442100,"author":{"id":"4090418835913750","authorId":"4090418835913750","name":"jayfalcon","avatar":"https://static.tigerbbs.com/505029b8d840d52745c57c2cbf910d5c","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"4090418835913750","authorIdStr":"4090418835913750"},"htmlText":"Like pls 🙏 thanks&nbsp;","listText":"Like pls 🙏 thanks&nbsp;","text":"Like pls 🙏 thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990963899","repostId":1164928919,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":93,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1164928919"}