BILIBILI-W, a stock traded in Hong Kong, soared 5.04% in the pre-market session on Wednesday, outpacing the broader Hang Seng Index which rose 1.8%.
The surge in BILIBILI-W's share price appears to be driven by the overall rally in Hong Kong stocks. According to the news report, Hong Kong shares outperformed broader regional markets after China set an economic growth target of about 5% for 2025, signaling potential stimulus measures to support the economy amidst global uncertainties.
Stocks like Laopu Gold, Meituan, SMIC, Xiaomi, XPeng, Tencent, JD.com, Alibaba, and Li Auto also saw significant gains, suggesting a broad-based rally in the Hong Kong market.
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