Hong Kong Stock Market Movers | Auto stocks collectively decline as the VAT export rebate rate for new energy vehicles is cut to 9%, potentially raising export costs in the short term.

Zhito Finance APP has learned that auto stocks collectively declined. As of press time, XPeng Group-W (09868.HK) fell 4.16% to HK$36.88; Li Auto-W (02015.HK) fell 2.00% to HK$44; Great Wall Motor (02333.HK) fell 1.54% to HK$7.055.