Hong Kong Stocks Open Higher but Turn Lower as New Energy Vehicle Shares Decline

Hong Kong's stock market experienced a volatile session, initially opening higher before reversing course. According to Jin10, both the Hang Seng Index and the Hang Seng Tech Index turned negative during the trading day. The decline was notably driven by the performance of new energy vehicle stocks, with NIO-SW (09866.HK) and Leapmotor (09863.HK) both falling over 3%, while BYD Company (01211.HK) saw a drop of more than 2%. This downturn reflects broader market sentiment and investor caution in the sector.