Home » Hong Kong stocks opened lower, Hang Seng Technology fell more than 5%, and new energy vehicle stocks fell the most Xpeng Motors fell more than 10% – Wall Street News

Hong Kong stocks opened lower, Hang Seng Technology fell more than 5%, and new energy vehicle stocks fell the most Xpeng Motors fell more than 10% – Wall Street News

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Hong Kong stocks opened lower, Hang Seng Technology fell more than 5%, and new energy vehicle stocks fell the most Xpeng Motors fell more than 10% – Wall Street News

The Hang Seng Index is located near the 20,000 mark, and technology stocks generally fell. Bilibili fell by more than 9%, Alibaba fell by more than 6%, and Tencent Holdings fell by more than 5%.

On Friday, May 6, US stocks plummeted overnight. Today, Hong Kong stocks opened lower, the Hang Seng Index opened down 2.44%, and the Hang Seng Technology Index opened 3.76% lower.

In early trading, Hong Kong stocks continued to fluctuate lower, with the Hang Seng Index hovering around the 20,000 mark. As of the noon close, the Hang Seng Index closed down 3.57%; the Hang Seng Technology Index fell 5.03%.

On the disk, technology stocks, new energy vehicle stocks and non-ferrous sectors opened lower.

Technology stocks collectively pull back

In the US stock market overnight, large technology stocks plummeted collectively. Valuable tech and growth stocks led losses as investors worried about the Fed’s most aggressive monetary policy tightening in two decades.

In today’s Hong Kong stock market intraday, technology stocks generally fell,Bilibilifell more than 9%,Alibabafell more than 6%,Tencent Holdingsdown more than 5%.

Auto stocks broadly lower

Most auto stocks opened lower today,BYDshares,Geely AutoGreat Wall MotorsIt opened nearly 4% lower.

Among them, new energy vehicle stocks topped the decline. Weilai opened more than 12% lower, Xpeng Motors opened more than 10% lower, and Li Auto opened nearly 5% lower.

In terms of individual stocks, Weilai opened more than 12% lower, and Weilai Automobile announced that it plans to list on the Singapore Stock Exchange for a second time.

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Market risk, the investment need to be cautious. This article does not constitute personal investment advice and does not take into account the particular investment objectives, financial situation or needs of individual users. Users should consider whether any opinions, views or conclusions contained herein are appropriate to their particular circumstances. Invest accordingly at your own risk.

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