The Hong Kong Stock Connect Auto ETF (159323) surged over 3% on Wednesday, with trading volume exploding to 86.2092 million yuan—a 179.17% increase from the previous session. The ETF, which supports T+0 trading, has seen its shares outstanding grow by 61 million over the past month (56.96% increase), reflecting robust capital inflows into Hong Kong-listed automotive stocks.
The rally aligns with strong June EV sales data and policy support for China’s auto sector. The ETF’s liquidity surge underscores short-term trader interest, amplified by its T+0 flexibility in volatile markets.
Analysts note the sector’s momentum may extend if Q2 earnings validate demand recovery, though profit-taking risks loom after recent gains. The ETF’s holdings, including BYD and Geely, benefit from export growth and domestic subsidy extensions.
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