Changes in Hong Kong stocks | Most auto stocks fall, and the traditional peak season performance of major brands falls short of expectations, and the market is waiting for trade disturbances between China and Europe to settle

The Zhitong Finance App learned that most auto stocks were lower. As of press release, Rantu Auto (07489) fell 4.35% to HK$1.87; Chery (09973) fell 3.53% to HK$24.04; and Great Wall Motor (02333) fell 1.83% to HK$6.985.

According to the news, Lyon released a research report saying that car sales of major Chinese brands rose 5% month-on-month in September, and traditional peak season performance fell short of expectations; export growth from leading exporters also slowed, as overseas product portfolios stabilized and the pace of expanding new markets normalized. The bank believes that the weak domestic demand background and exports may increase the recent sector's volatility in the overall market.

Furthermore, recent trade policy uncertainties have affected sector sentiment. CITIC Securities pointed out that the October 15-16 European Council meeting may discuss trade positions with China. Since the automobile industry is the area with the greatest flexibility and concentration of interests in this round of negotiations, this negotiation has had the greatest impact on the automobile industry and is currently the most divisive long-term pricing factor in the automotive sector.