XPeng Inc. (09868.HK) saw its stock soar 5.72% in early trading on Thursday, as Hong Kong's technology sector experienced a significant uptick following news of changes in U.S. trade policies. The electric vehicle maker's shares were caught in a broader rally that saw the Hang Seng Tech Index jump 4% at the market open.

The surge in XPeng's stock price aligns with a general upward trend observed across Hong Kong-listed Chinese tech companies. This movement comes in the wake of an announcement by former U.S. President Donald Trump regarding a 90-day pause on certain reciprocal tariffs, although duties on Chinese goods were raised to 125%. Despite the increased tariffs on China, investors appeared to react positively to the temporary relief offered to other trade partners.

XPeng's impressive gain was part of a larger movement that saw other tech giants and EV makers also posting significant increases. Xiaomi led the pack with a 7% rise, while peers like Tencent, Alibaba, and NIO each saw 4% increases. The broader Hang Seng Index rose 2.7%, reflecting a generally optimistic sentiment in the Hong Kong market. This surge in XPeng's stock price underscores the company's strong position in the competitive electric vehicle market and investors' positive outlook on Chinese tech stocks amid evolving global trade dynamics.