Li Auto (02015.HK) saw its stock price surge by 5.05% in intraday trading, outperforming the broader market and leading a rally in Hong Kong's auto sector. The significant uptick comes as the Hong Kong stock market experiences an overall positive trend, with major indices showing gains.
The robust performance of Li Auto aligns with a broader surge in Hong Kong's auto stocks. Other notable performers in the sector include BYD Company, which rose 3.8% to reach a new high, Geely Auto with a 2.6% increase, and NIO, climbing 1.8%. This sector-wide rally suggests growing investor confidence in Chinese electric vehicle manufacturers and the broader automotive industry.
The upward movement in Li Auto's stock price is occurring against a backdrop of general market optimism. The Hang Seng Index rose by 0.23%, while the Hang Seng China Enterprises Index and the Hang Seng Tech Index also posted gains of 0.29% and 0.28% respectively. This overall positive market sentiment appears to be providing additional support for the surge in Li Auto's stock price.
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