Hong Kong Stocks Turn Negative; DualityBio Soars 113%; Alibaba Gains 2%; Li Auto and XPeng Drop 3%
The Trump administration is kicking off investigations into imports of pharmaceuticals and semiconductors as part of a bid to impose tariffs on both sectors on national security grounds, notices posted to the Federal Register on Monday showed.
Hong Kong stocks turned negative in morning trading. The Hang Seng Index was flat, while the Hang Seng Tech Index fell 0.9%.
In terms of star stocks, DualityBio rose 113% on its first day of trading; Alibaba rose 2%; NIO rose 1%; Xiaomi fell 1%; Bilibili and Kuaishou fell 2%; NetEase, Li Auto, SMIC, and XPeng fell 3%.
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