Shares in Tesla Inc rivals TSLA and Chinese automakers nio Inc. NIO, Xpeng Inc XPEV and Li Auto Inc LI soared significantly in Hong Kong.
This was the result of Chinese automakers trading in US markets this Friday, even as their worst rival, Tesla.
The Hang Seng benchmark fell by 2% this Friday.
Since the start of the pandemic, India’s tech stock has received an 850% return for investors.
Chinese automakers are facing strict restrictions on their production. The city reported 11 coronavirus deaths on Wednesday, its highest one-day toll, according to Bloomberg.
According to SCMP , Hong Kong is considering accelerating covid 19 restrictions on planes.
In news: Chinese electric manufacturer Xpeng P5 revealed more features on its premium, fully electric X Peng P 5 compared to the budget forecast in Denmark, the Netherlands, Norway and Sweden.
Li Auto is one of 17 Chinese companies under its radar for delisting due to audited legislation, according to the US Safety Commission. CnEVPost said it has pursued a solution as a responsible company to investors and is actively coordinating efforts related to the audit.