Hong Kong Stocks Pare Losses; Hang Seng Tech Index Turns Positive; Li Auto Surges 13%

Market Watcher

Feb 25

Hong Kong stocks trimmed their losses. The Hang Seng Tech Index turned positive.

Investors began to digest the impact of Trump's measures to restrict U.S. investment in China. A decline in Chinese technology stocks after President Donald Trump moved to squeeze US investments into the Asian nation presents a buying opportunity, according to some traders.

In terms of individual stocks, Li Auto rose 13%; Horizon Robotics rose 9%; XPeng rose 5%; SMIC rose 4%; Xiaomi and NIO rose 3%.

While Tencent, Kuaishu, and Alibaba fell 2%; JD.com and Meituan fell 3%; Bilibili fell 5%; Trip.com fell 7%; Tencent Music fell 8%.

Li Auto announced on its social media platforms today that its first all-electric SUV is the Li i8.

Tencent Music Entertainment Group and Horizon Robotics have been introduced to the Hang Seng Tech Index, enhancing its focus on mainland Chinese tech innovators.

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