Hong Kong Stock Market Update | Automobile stocks collectively decline as the profits of the automotive industry fall by nearly 20% in the first half of the year, with a profit margin of only 3.8% during this period.

According to Zhitong Finance APP, automotive stocks have collectively declined. As of the time of writing, Beijing Automotive (01958.HK) fell by 3.47%, trading at HKD 0.835; Li Auto-W (02015.HK) dropped by 2.63%, priced at HKD 49.32; Great Wall Motors (02333.HK) decreased by 2.06%, standing at HKD 8.815; Xpeng Motors-W (09868) declined by 1.74%, at HKD 46.42.