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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