Hang Seng Index and Hang Seng TECH Index closed higher, with photovoltaic stocks surging in the afternoon. XPENG-W rose more than 11%.
New energy vehicles and liquor saw the largest increase, while biopharmaceuticals, electricity, and petrochemicals fell behind. Domestic real estate stocks once again declined, with E-HOUSE ENT falling nearly 16% and GLORIOUS PPT H falling 10%.
On June 12th, the Hong Kong stock market opened slightly higher, but then the three major indexes fell. In the afternoon, they rose again and finally the Hang Seng Index rose 0.07%, the Hang Seng Technology Index rose 0.27%, and the state-owned enterprise index narrowed its decline to -0.06%.
XPENG-W rose more than 11%, NIO-SW rose more than 4.7%, Ctrip and Kuaishou rose more than 2%, and SMIC, Sunway Optoelectronics and others rose more than 1%.
In terms of news, NIO-SW announced today that the starting price of all models will be reduced by RMB 30,000; the rights of the first car owner for new car purchases will be adjusted to a whole vehicle warranty of 6 years or 150,000 kilometers, etc.; free battery replacement and energy supplementation will no longer be a standard car owner's right, and new users can flexibly choose to charge at home or pay for energy supplementation at charging and replacement stations. NIO-SW will subsequently launch flexible charging and replacement service packages.
In addition, XPENG-W announced on its official WeChat account today that the XPENG-W G6 had received more than 25,000 pre-orders in 72 hours.
On the market, photovoltaic solar energy, new energy vehicles, and liquor rose the most, while biopharmaceuticals, electric power, and petrochemicals fell the most.
Photovoltaics rose in the afternoon
Fuyao Glass rose more than 7%, Xinte Energy, Sino-American Silicon Products, IRICO NEWENERGY and others rose more than 2%.
Semiconductors lead the way
MEGAIN rose more than 13%, WAI CHI HOLD rose more than 5%, SMIC rose 1.65%, and Hua Hong Semiconductor and Gao Weida Electronics rose 0.38%.
Cars rose all day
NIO-SW and XPENG-W rose the most, Great Wall Motor rose 2.21%, Leapmotor and BYD rose more than 1%.
Biopharmaceuticals lead the decline
Jilin Longbridge Dolphin Pharmaceutical Co., Ltd. and Viya Biotechnology Co., Ltd. fell more than 10%, with C HEALTH GP, SANAI HEALTH GP, and Zaiding Medicine falling the most.
Real estate falls
E-House China Enterprise Holdings Ltd. fell nearly 16%, GLORIOUS PPT H fell 10%, and Rongxin China and Rongchuang China fell the most.