Hong Kong stock market anomaly | Automotive stocks saw a larger decline in the afternoon. July narrow-definition passenger car retail sales may fall by more than 11% month-on-month. Various parties in the industry have spoken out against the trend of intensified competition.

Zhtng Cijng APP learned that in the afternoon, the decline of automobile stocks expanded. As of the time of publication, Ideal Motors-W (02015.HK) fell by 12.34% to 105.1 Hong Kong dollars; XPeng Motors-W (09868.HK) fell by 5.34% to 70.85 Hong Kong dollars; GAC Group (02238.HK) fell by 2.65% to 3.31 Hong Kong dollars; Great Wall Motors (02333) fell by 2.06% to 13.3 Hong Kong dollars.