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LB Select
2023.12.01 05:37
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One chart to understand | Hong Kong-listed Chinese concept stocks in November: MEITUAN-W fell 18%, XPENG-W rose 16%!

In the just-concluded November, the Hang Seng Technology Index rose by 3.74%. In addition to the sharp rise of XPENG-W, KUAISHOU-WR, Tencent, and BIDU-SWR all showed double-digit gains. However, Bilibili followed MEITUAN-W with a sharp drop of 15%, and Alibaba fell more than 9%.

In the just-concluded November, the Hang Seng Index fell slightly by 0.41%, while the Hang Seng Tech Index rose by 3.74%.

Overall, the performance of popular tech stocks was mixed, either performing very well or suffering significant losses.

Among them, XPeng Motors led the gains with an increase of over 16%, followed closely by Kuaishou with a nearly 15% increase. Tencent and Baidu both rose by more than 13%, while Li Auto also saw a gain of over 9%.

On the other hand, Meituan led the declines with a drop of over 18%. Bilibili and Alibaba both experienced significant losses, falling by over 15% and 9% respectively, while NIO saw a slight decline of over 1%.

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