Shares of Li Auto (LI, Financial) surged over 5%, while XPeng (XPEV) saw an increase of nearly 5%. Additionally, Alibaba (BABA) and Baidu (BIDU) both experienced gains of close to 2%.
These movements indicate positive market sentiment towards Chinese electric vehicle manufacturers and major tech companies. Investors appear optimistic about the growth prospects of these firms, contributing to the upward trend in their stock prices.