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Shares of China EV maker Xpeng set to open up 1 8% in Hong Kong debut

Shares of China EV maker Xpeng set to open up 1.8% in Hong Kong debut 07/07/2021 1:45 (Reuters) - Shares of Chinese electric vehicle (EV) maker Xpeng Inc are set to open up 1.8% from their initial public offering (IPO) price in the company s dual primary listing debut in Hong Kong on Wednesday. The stock is set to open at HK$168 per share, versus the IPO price of HK$165. The percentage jump would compare with a 1.1% fall in the benchmark Hang Seng Index and 1.2% decline in the Hang Seng China Enterprises Index. Xpeng s New York-listed American Depository Shares (ADS) were up 0.7% late on Tuesday at $44.05 each. One ADS is equivalent to two Hong Kong shares.

ASX to fall on first day on new financial year, Wall St mixed

ASX to fall on first day on new financial year, Wall St mixed
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