Hong Kong stocks open sharply higher on Wednesday after the strong rally overnight in the US, with the Hang Seng Index surging 4.3% up at 17811, the Hang Seng China Enterprises Index up nearly 4% and the Hang Seng Tech Index jumping nearly 5%.
Technology heavyweights are mostly surging, with Bilibili up about 9%, NetEase up more than 6%, Baidu up more than 6%, JD.com and Alibaba gaining over 5%, while Tencent up more than 4%.
Chinese automaker BYD Company opens 9% higher after the company reported sold 201,259 units of new energy vehicles in September, surpassing 200,000 mark for the first time even and surging 183.07% from 71,099 units in the same period last year.