Hong Kong Stocks Close Lower on Tariff Whiplash; Li Auto Gains 4% After Earnings

Market Watcher

2025/05/30

Hong Kong stocks closed lower on Friday as a federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday, a day after a U.S. trade court ruled that Trump had exceeded his authority in imposing the duties and ordered an immediate block on them.

The Hang Seng Index fell 1.2%, while the Hang Seng Tech Index declined 2.5%.

In terms of star stocks, Li Auto jumped 3.8% after earnings. Li Auto’s net profit in the first quarter was better than expected but it guided for softer revenue growth ahead as it continues to face tough competition in China’s overcrowded EV market.

While XPeng and NetEase fell 5%; NIO, Baidu, and Alibaba fell 4%; BYD fell 3%; Tencent, JD.com, SMIC, Kuaishsou, Meituan, and Xiaomi fell about 2%.

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Li Auto’s net profit in the first quarter was better than expected but it guided for softer revenue growth ahead as it continues to face tough competition in China’s overcrowded EV market.</p><p>While XPeng and NetEase fell 5%; NIO, Baidu, and Alibaba fell 4%; BYD fell 3%; Tencent, JD.com, SMIC, Kuaishsou, Meituan, and Xiaomi fell about 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7b6ba568368051d091295161891893e6\" tg-width=\"447\" tg-height=\"630\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01024","symbol_name":"快手-W","start_time":0,"source_url":"","article_id":"1147946427","we_media_id":"1027265475","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1147946427","pubTimestamp":1748592870,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Watcher","introduction":"stay tuned on realtime market movements","home_visible":1,"id":"1027265475","head_image":"https://static.tigerbbs.com/b4070558872429328fe9f26a97b36c72"},"summary":"Hong Kong stocks opened lower on Friday.The Hang Seng Index fell 1%, and the Hang Seng Tech Index declined 1.3%.Li Auto rose 4.3%; Alibaba fell 2.5%; BYD fell 2.4%; JD.com, Nio, Meituan fell 2%; Xiaomi fell 1.4%; Tencent fell 1%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01024":"快手-W","02202":"万科企业","HSTECH":"恒生科技指数","09888":"百度集团-SW","00700":"腾讯控股","TCEHY":"腾讯控股ADR","00981":"中芯国际","01810":"小米集团-W","01211":"比亚迪股份","09988":"阿里巴巴-W","09999":"网易-S","09898":"微博-SW","09618":"京东集团-SW","09866":"蔚来-SW","HSCEI":"国企指数","09868":"小鹏汽车-W","09626":"哔哩哔哩-W","03690":"美团-W","09961":"携程集团—S","HSI":"恒生指数","02015":"理想汽车-W"},"translate_title":"港股因关税冲击收低；理想汽车公布财报后股价上涨4%","themeId":"b21c99db5378da1515a42f9acb61ba7c","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09999":1.1,"HSCEI":1,"09618":1.1,"01810":1.1,"09626":1.1,"00981":1.1,"02202":1.1,"09898":1.1,"03690":1.1,"01211":1.1,"09988":1.1,"00700":1.1,"HSI":1,"02015":1.1,"09866":1.1,"09888":1.1,"01024":1.1,"HSTECH":1,"09868":1.1,"TCEHY":1.1,"09961":1.1},"content_text":"Hong Kong stocks closed lower on Friday as a federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday, a day after a U.S. trade court ruled that Trump had exceeded his authority in imposing the duties and ordered an immediate block on them.The Hang Seng Index fell 1.2%, while the Hang Seng Tech Index declined 2.5%.In terms of star stocks, Li Auto jumped 3.8% after earnings. 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