Hong Kong stocks edge up, Xpeng jumps 18 percent

Hong Kong stocks inched up on Tuesday while China stocks closed down, as investors stayed cautious amid a lack of fresh catalysts. 

The benchmark Hang Seng Index increased by 47 points, or 0.18 percent, to 26,696 points at the close. The market turnover was HK$210 billion. 

The Hang Seng Tech Index grew 0.15 percent to 5,924 points.

Chinese electric vehicle maker Xpeng (9868) jumped 18 percent to its highest level since July 2022, after the company said last week it would roll out three self-developed robotaxi models and start trial operations in 2026.

In the mainland, the Shanghai Stock Exchange Composite Index dropped 0.39 percent to 4,002 points and the Shenzhen Stock Exchange Component Index fell 1 percent to 13,289 points.

Staff reporter and Reuters