Li Auto, BYD put Hong Kong stocks on course for longest run in 5 months as buying persists

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Hong Kong stocks rose for a fourth day, on track for the best winning streak in five months, as mood perked up after the main equity gauges broke through some key technical barriers.

The Hang Seng Index rose 0.3 per cent to 17,138.75 at the noon break. The four-day surge is the longest since a five-day run in October. The Hang Seng Tech Index advanced 0.8 per cent, while the Shanghai Composite Index retreated 0.3 per cent.

Li Auto surged 4.2 per cent to HK$153.10 and peer BYD gained 0.4 per cent to HK$210.40. Hong Kong Exchanges and Clearing added 3 per cent to HK$253.20 while Baidu strengthened 2.7 per cent to HK$104.70. AIA Group added 1.2 per cent to HK$65.25 before its earnings on Thursday that may show a jump in full-year profit for 2023.

The broader market held on to gains after the Hang Seng Index erased its year-to-date loss on Tuesday and the tech index, which tracks the biggest stocks in the sector, rebounded 21 per cent from…

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