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<HK Open>HSI Inches up 78 pts; EV Makers Ascend; Techs Stabilize
2023/02/01 09:30
Mirroring the external markets, Hong Kong equities edged up at market open. The HSI hiked 78 pts or 0.4% to 21,920; the HSCEI elevated 34 pts or 0.5% to 7,459; and HSTECH lifted 30 pts or 0.7% to 4,572.

Tech names kicked off the session with modest uptick. BABA-SW (09988.HK) inched up 1.3% to $109. TENCENT (00700.HK) and MEITUAN-W (03690.HK) grew 0.9% and 1.1%, respectively. XIAOMI-W (01810.HK), JD-SW (09618.HK) and BIDU-SW (09888.HK) gained 0.3-0.5%. KUAISHOU-W (01024.HK) and BILIBILI-W (09626.HK) rose over 1% each.

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Electric vehicles in the Hong Kong bourse broadly ascended today, fueled by the rally of Tesla (TSLA.US) last night. XPENG-W (09868.HK) surged 4.7%, while LI AUTO-W (02015.HK) and NIO-SW (09866.HK) climbed 2.5% and 2.1%, respectively.
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