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Hong Kong stocks of automobile stocks rose against the trend, with XPeng Motors leading the way by rising more than 8% at one point during the trading session. Chery, on its second day of listing, also rose by more than 5%, while NIO Inc. rose by nearly 3%. Zero Run Motors and Huachen China both rose by more than 2%, and BAIC Group, Ideal Motors, and GAC Group all rose by over 1.2%.
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