AUTOSTREETS (02443) experienced a significant surge on heavy trading volume during the afternoon session, with gains at one point exceeding 44%. Notably, the stock's price had hit a record low of HKD 2.11 in the previous trading session. At the time of writing, the stock was up 14.22%, trading at HKD 2.49, with a turnover of HKD 185 million.

Public information indicates that AUTOSTREETS operates as a transaction intermediary connecting buyers and sellers of used cars, primarily providing a trading platform for used vehicles through an auction model. Following the quarterly review results of the Hang Seng Index Series announced on February 13, the Hang Seng Composite Index added 53 constituents and removed 28 stocks. Changes to the Hang Seng Composite Index impact the adjustment of eligible investment targets under the Stock Connect scheme and are scheduled to take effect from March 9 (next Monday). AUTOSTREETS was among the stocks removed from the Hang Seng Composite Index.