Li Auto (02015.HK) saw its stock soar by 5.49% in the pre-market trading session on Tuesday, significantly outperforming the broader market and its peers in the technology sector. The Chinese electric vehicle maker's shares reached this notable gain amidst a strong opening for Hong Kong stocks.
The positive momentum was evident across the Hong Kong market, with the Hang Seng Index rising 1.7% and the Hang Seng Tech Index surging 3.3% at the open. Other tech giants also experienced substantial gains, with JD.com, XPeng, and Xiaomi all up 6%, while Nio rose 5.5% and Alibaba climbed 4%.
Li Auto's impressive 5.49% increase surpassed the initial 4% rise reported at the market open, suggesting sustained buying interest throughout the early trading hours. The company's strong performance could be attributed to the overall positive sentiment in the tech sector, coupled with potential company-specific factors such as recent sales figures or product announcements. Investors appear to be showing confidence in Chinese tech stocks, particularly in the electric vehicle segment, as global interest in sustainable transportation continues to grow.
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