Core Viewpoint - The Hong Kong stock market opened lower, with the Hang Seng Index declining by 0.5% and the Hang Seng Tech Index falling by 1.12%, indicating a negative sentiment in the market [1] Company Summary - Xpeng Motors experienced a significant drop, with its stock price falling over 4% [1]

Group 1 - The Nasdaq China Golden Dragon Index fell by 1.15% on October 4, with a cumulative increase of 2.58% for the week [1] - Most popular Chinese concept stocks experienced declines, with Global Data down over 4%, Li Auto down nearly 4%, Xpeng down over 3%, NIO down over 2%, and Bilibili and JD.com down over 1% [1] - In contrast, Baidu saw an increase of over 1% [1]

Core Viewpoint - The majority of popular Chinese concept stocks experienced a decline on Friday, with the Nasdaq Golden Dragon China Index falling by 1.15% [1] Group 1: Stock Performance - NetEase and JD.com both dropped over 1% [1] - Ctrip fell by more than 2% [1] - Baidu saw an increase of over 1% [1] - Li Auto and Xpeng both declined by more than 3% [1] - NIO decreased by over 2% [1] - Futu Holdings rose by over 2% [1]

XPeng (NYSE:XPEV) shares fell 4.28% to $22.79 on Friday afternoon, breaking a seven-session winning streak that had seen the stock climb steadily over the past week. Despite today’s decline, shares remain up 12.49% over the past month and have surged ...

Market Overview - After a significant rise, the Hong Kong stock market experienced a notable pullback on October 3, with the Hang Seng Index closing down 0.54% and the Hang Seng Tech Index down 0.9% [5][6] - The automotive sector was a major drag on the market, with BYD shares falling 3.95% and other new energy vehicle makers like Li Auto and Xpeng also declining over 2% [5][6] - Despite the overall market decline, hydrogen energy stocks showed resilience, with Shanghai Electric surging 13%, reaching a new closing high not seen in over a decade [5][6] Performance Analysis - In September, the Hong Kong stock market performed well, with the Hang Seng Tech Index rising 13.9%, significantly outperforming other major global indices [7][8] - Historical data indicates a strong "calendar effect" during the National Day holiday, with the Hang Seng Index showing an 86.7% probability of rising during this period since 2010 [8][10] Future Outlook - Short-term market sentiment appears cautious, with expectations of a pullback following the holiday surge, as the "calendar effect" dissipates within a week [10][11] - However, medium to long-term outlook remains optimistic, with analysts suggesting that the current bull market for Hong Kong stocks, which began in Q4 of last year, is still in its mid-stage [10][11] - Key sectors such as industrial products, materials, energy, and healthcare are identified as having high price-to-book ratios, indicating potential for valuation recovery [10][11]

格隆汇10月3日丨小鹏汽车-W(09868.HK)宣布，于2025年10月1日，公司根据2025年股份激励计划向一 名高级管理层成员及318名雇员授出合共507.6万股限制性股份单位(代表相同数量的A类普通股)，惟须 待承授人接纳后，方可作实。 ...

智通财经APP讯，小鹏汽车-W(09868)发布公告，于2025年10月1日，公司根据2025年股份激励计划向一 名高级管理层成员(高级管理层授出)及318名雇员(雇员授出，连同高级管理层授出统称限制性股份单位 授出)授出合共507.59万股限制性股份单位(代表相同数量的A类普通股)，惟须待承授人接纳后，方可作 实。概无限制性股份单位授出须经公司股东批准，且概无承授人为公司董事、最高行政人员或主要股 东，亦非前述各方的联系人。 ...

小鹏汽车-W(09868)发布公告，于2025年10月1日，公司根据2025年股份激励计划向一名高级管理层成员 (高级管理层授出)及318名雇员(雇员授出，连同高级管理层授出统称限制性股份单位授出)授出合共 507.59万股限制性股份单位(代表相同数量的A类普通股)，惟须待承授人接纳后，方可作实。概无限制 性股份单位授出须经公司股东批准，且概无承授人为公司董事、最高行政人员或主要股东，亦非前述各 方的联系人。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不會就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任 何損失承擔任何責任。 授出限制性股份單位 董事會宣佈，於 2025 年 10 月 1 日，本公司根據 2025 年股份激勵計劃向一名高級管理 層成員（「高級管理層授出」）及 318 名僱員（「僱員授出」，連同高級管理層授出 統稱「限制性股份單位授出」）授出合共 5,075,940 股限制性股份單位（代表相同數量 的 A 類普通股），惟須待承授人接納後，方可作實。概無限制性股份單位授出須經本 公司股東批准，且概無承授人為本公司董事、最高行政人員或主要股東，亦非前述各 方的聯繫人。 限制性股份單位授出受 2025 年股份激勵計劃及本公司與各承授人訂立的獎勵協議的條 款及條件規限。2025 年股份激勵計劃的主要條款載於本公司日期為 2025 年 5 月 12 日 的委託投票說明書╱通函。 香港聯交所已經批准根據 2025 年股份激勵計劃可能授予的獎勵對應的新 A 類普通股的 上市並准許該等新 A 類普通股的交易。為滿足在 2025 ...

Group 1 - The Hong Kong automotive stocks experienced a collective decline, with major players such as BYD, Xpeng, and Li Auto dropping over 4% [1] - NIO and Geely also saw declines of over 2%, indicating a broader downturn in the sector [1] - The market capitalization of BYD is approximately 988.3 billion, with a year-to-date increase of 24% despite the recent drop [2] Group 2 - Xpeng's stock price fell by 4.31%, with a current price of 90.95 and a year-to-date increase of 94.96%, reflecting strong performance earlier in the year [2] - Li Auto's stock decreased by 4.17%, currently priced at 97.75, with a modest year-to-date increase of 4.04% [2] - Leap Motor's shares dropped by 3.62%, with a current price of 66.50 and a significant year-to-date increase of 104.30% [2]