Dongfeng Motor rises 10.67% as Meituan and Xiaomi lead high-volume stocks in mixed Hong Kong market

Dongfeng Motor Group saw a 10.67% increase, while high-volume stocks like Meituan and Tencent Holdings showed declines. Investors navigate gains in automotive and losses in tech sectors.

Automotive stocks gain: Dongfeng Motor leads high-volume stocks with 10.67% rise

As of 12:45 PM HKT, In Hong Kong trading, Dongfeng Motor Group Co. (489) emerged as a standout with a notable 10.67% gain, reaching 3.32 HKD. Another automotive stock, Geely Automobile Holdings Limited (175), followed with a 1.78% increase to 14.86 HKD. This upward movement indicates investor confidence in the automotive sector amidst broader market volatility.

Technology stocks see declines as Meituan and Tencent trade in high volume

Despite high trading volumes, tech stocks like Meituan (3690) and Tencent Holdings Limited (700) recorded losses, with Meituan down by 5.23% to 175.9 HKD and Tencent dropping 1.45% to 407.2 HKD. Semiconductor Manufacturing International Corporation (981) also faced a 2.88% decline, closing at 28.65 HKD. Xiaomi Corporation (1810) slipped 2.39% to 28.60 HKD, marking a cautious sentiment in the tech sector.

Disclaimer: Stock information provided is for informational purposes only and does not constitute financial advice.