Abnormal market movement in Hong Kong stocks today: Automotive stocks overall fell, with market expectations of a reduction in new energy vehicle purchase taxes next year. Institutions suggest that this may stimulate additional demand growth in the fourth quarter.

According to the Securities Times app, automotive stocks fell across the board today. As of the time of writing, XPeng Motors-W (09868.HK) fell by 3.95% to 81.55 Hong Kong dollars; Guangzhou Automobile Group (02238.HK) fell by 2.57% to 3.41 Hong Kong dollars; NIO-W (02015.HK) fell by 2.49% to 101.9 Hong Kong dollars; and Great Wall Motors (02333) fell by 1.26% to 17.26 Hong Kong dollars.