In the "Active Stocks," Zhongsheng fell by over 1%, rumored that Porsche plans to gradually exit the Chinese market
ZHONGSHENG HLDG's stock price fell 1.3%, closing at HKD 11.69, with a trading volume of approximately 810,000 shares, involving HKD 9.48 million. Porsche is considering gradually exiting the Chinese market due to a decline in delivery volumes and plans to reduce the number of dealers by 2026. Automotive dealership stocks generally fell, with Brilliance China down 1.3% and HARMONY AUTO down 2.5%. The Hang Seng Index fell by 146 points, closing at 26,339 points
According to the Economic Information Agency on the 7th, ZHONGSHENG HLDG (00881) is currently down 1.3%, trading at HKD 11.69, with a turnover of approximately 810,000 shares, involving HKD 9.48 million. According to Bloomberg, citing mainland media reports, German automaker Porsche is considering gradually exiting the Chinese market due to a decline in mainland deliveries. Sources indicate that Porsche will "optimize" its dealer network, aiming to reduce the number of stores by 2026. Bloomberg quoted Porsche's response, stating that the company "will continue to flexibly adjust its local business activities to adapt to market developments."
Automobile dealership stocks and car stocks are generally down; Brilliance China (01114) is down 1.3%, trading at HKD 3.73; HARMONY AUTO (03836) is down 2.5%, trading at HKD 1.15.
Currently, the Hang Seng Index is at 26,339, down 146 points or 0.6%, with a main board turnover exceeding HKD 22.3 billion. The National Enterprises Index is at 9,311, down 44 points or 0.5%. The Hang Seng Tech Index is at 5,876, down 68 points or 1.1%.
| Stock (Code) | Current Price (HKD) | Change (%) |
|---|---|---|
| ZHONGSHENG HLDG (00881) | 11.69 | -1.27% |
| Brilliance China (01114) | 3.73 | -1.32% |
| HARMONY AUTO (03836) | 1.15 | -2.54% |
| BYD (01211) | 97.80 | +0.15% |
| Geely Automobile (00175) | 17.73 | -0.84% |
| Chang'an Automobile (02333) | 15.57 | +0.26% |
| GAC Group (02238) | 3.33 | +1.52% |
| Nio (09866) | 56.05 | -4.02% |
| XPeng (09868) | 92.25 | +3.19% |
| Li Auto (02015) | 78.75 | -0.19% |
| Leapmotor (09863) | 57.55 | -1.03% |
| Chery Automobile (09973) | 30.62 | -0.52% |
| Seres (09927) | 119.20 | -3.79% |
Performance of related stocks in the same sector
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