Shares of Li Auto Inc. (02015.HK), a leading Chinese electric vehicle maker, soared 8.89% in the morning session on Tuesday, February 4, 2025. The stock's rally was driven by growing optimism over the prospect of easing trade tensions between the United States and China.
Hong Kong's Hang Seng Index gained 3.1% in the morning, posting its biggest daily advance since October. Technology stocks led the charge, with the Hang Seng Tech Index surging 4.9%. Li Auto was among the top gainers, benefiting from the positive sentiment towards Chinese companies amid hopes for a potential resolution in the long-standing trade dispute.
The upbeat market sentiment was fueled by comments from U.S. President Donald Trump, who expressed willingness to hold talks with China within the next 24 hours to address the tariff issues. This development raised expectations that the two economic powerhouses could reach an agreement and avoid further escalation of trade barriers.
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