Mei Ri Jing Ji Xin Wen·2025-07-24 06:07Group 1 - The Hang Seng Index experienced a narrowing of gains, while the Hang Seng Tech Index briefly turned negative, with mixed performance among tech stocks and a strong showing from chip stocks and lithium battery concepts [1] - The Hong Kong Stock Connect Automotive ETF (159323) saw a rise of over 1%, with leading stocks including Tianqi Lithium, Ganfeng Lithium, Zhongsheng Holdings, Horizon Robotics, and Jinli Permanent Magnet, where Tianqi Lithium surged over 15% and Ganfeng Lithium increased by over 11% [1] - Since late June, lithium carbonate futures and spot prices have shown a significant rebound, with the futures contract reaching a peak of 74,680 yuan/ton on July 23, the highest since April 2025, and a 17.8% increase in spot prices compared to June 23 [1] Group 2 - The Hong Kong Stock Connect Automotive ETF (159323) is based on the Hong Kong Stock Connect Automotive Index (931239.CSI), which focuses on the Hong Kong vehicle sector, particularly passenger vehicles, and includes emerging car manufacturers [2] - The index has a higher concentration of intelligent driving companies compared to A-share automotive indices, making it more aligned with current trends in the automotive industry [2] - As of July 23, the index's price-to-earnings ratio (TTM) was 18.47, significantly lower than various A-share automotive indices, indicating a favorable valuation [2]