Tech stocks in the Hong Kong market, who's leading the rebound? Meituan and Li Auto!

LB Select
2024.03.15 08:38

The Hang Seng Tech Index and the Hang Seng China Enterprises Index have both entered a technical bull market based on the maximum rebound from the year's low, with the Hang Seng Index also breaking through the six-month moving average.

Looking at the tech giants in the Hong Kong stock market, all have risen in this rebound, but who is the real driving force behind the bull market?

Since the year's low points of various stocks, many tech stocks have seen double-digit gains: Meituan leads with a rise of over 41%, Li Auto surged by 34%, KUAISHOU-W, Bilibili, JD.com, NetEase, and XPeng all rose by over 20%; Xiaomi rose by 19%, Alibaba-SWR's increase is comparable to the market, close to 10%; Tencent rose by nearly 5%, Baidu-SW rose by over 2%, Nio slightly increased by 1%.

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