Li Auto (02015.HK) saw its stock soar by 5.03% in the pre-market session on Thursday, as Hong Kong's technology and electric vehicle (EV) sectors experienced a broad rally. The surge comes amidst positive market sentiment following news of a temporary pause in certain US tariffs.
The broader Hong Kong market showed significant strength, with the Hang Seng Index rising 2.7% and the Hang Seng Tech Index jumping 4%. This upward trend was largely attributed to the announcement of a 90-day pause on the so-called reciprocal tariffs by former US President Donald Trump, which had previously affected numerous trade partners.
Li Auto's impressive gain was part of a larger movement in the tech and EV space. Other major players in the sector also saw substantial increases, with XPeng rising 6%, Nio up 4%, and BYD climbing 3%. The positive momentum in the EV sector, coupled with the overall market optimism, likely contributed to Li Auto's strong performance. Investors appear to be reacting favorably to the potential easing of trade tensions, which could benefit Chinese tech and automotive companies operating in international markets.
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