Hong Kong stocks fluctuate | Autos stocks' gains expanded in the afternoon, driven by Bullish policies, with Nomura stating that market demand will peak in December.

Automobile stocks expanded their gains in the afternoon. As of the time of writing, DONGFENG GROUP (00489) increased by 5.26% to 4.2 HKD; Great Wall Motor (02333) rose by 3.71% to 13.98 HKD; Li Auto-W (02015) went up by 2.88% to 91.15 HKD; BYD Company (01211) increased by 2.49% to 280.2 HKD.

Zhitong Finance14:14

“Oguang” Nomurai Mainland's overall automotive market demand peaked this month

Nomura released a report stating that the performance of the domestic Passenger Vehicle market continued to improve in November, with total wholesale shipments increasing by 15.2% year-on-year to 3 million units, and rising 8.9% month-on-month. Excluding small cars, the retail sales of Passenger Vehicles were 2.4 million units, up 16.4% year-on-year and 7.2% month-on-month. Monthly retail sales of Electric Vehicles reached 1.27 million units, a year-on-year increase of 50.5% and a month-on-month rise of 6.1%. As we approach the end of 2024, the firm believes that market demand has increased, as the scrapping policy and subsidies for replacing old cars will soon expire this year. The penetration rate of electric vehicles remains at 52%.

AASTOCKS09:54

Express News | Electric Connector Technology: Autos connector products have entered the supply chains of major domestic automakers such as Great Wall, BYD, and Ideal.

Breakings8minutes ago

Hong Kong market quick view | All three major Indexes closed higher, with active performance in tech and Brokerage stocks, Xiaomi Group rose nearly 4%, and Guolian increased by more than 9%.

Network Technology stocks increased, XIAOMI-W rose by 3.78%, KUAISHOU-W rose by 2.47%; Dining stocks performed well, HAILUNSI rose by 9.52%, JIUMAOJIU rose by 5.40%; Sporting Goods stocks also performed well, TOPSPORTS rose by 7.78%, XTEP INT'L rose by 3.35%.

Futu News20minutes ago

China's Auto Sector Gets Boost From National Trade-in Policy in November

MT Newswires42minutes ago

China Auto Circulation Association: The used car market was significantly active in December, with an average daily trade volume reaching 0.0666 million autos.

On December 12, the China Automobile Dealers Association released the weekly report on the used car market.

Zhitong Finance53minutes ago