hong kong stocks soared on thursday with the benchmark hang seng opening 247 higher following federal reserve chair jerome powell’s speech that indicated the central bank may slow the pace of rate hikes as soon as december ev stocks surged with xpeng shares rising over 21 playing catchup with its us stock movement from the day before nio shares rose over 13 while li auto shares soared over 9 in morning trade alibaba and baidu stocks rose over 7 also read best ftx alternatives how to keep your crypto safe macro news former chinese president jiang zemin who spearheaded the nation for a decade of rapid economic growth following the tiananmen crackdown in 1989 died on wednesday at the age of 96 reported reuters china’s manufacturing hub of guangzhou removed lockdowns in most parts of the city including those hit by rioting and has introduced targeted curbs reported bloomberg company news tencent has said it will launch new cloud computing products targeted at overseas markets as it looks for new avenues for growth reported cnbc xpeng saw its net loss widen to rmb 238 billion 033 billion for the third quarter of 2022 compared with rmb159 billion for the same period of 2021 top gainers and losers alibaba health information technology limited and alibaba group holding limited were the top gainers among hang seng constituents having risen over 8 each china resources land limited and hang lung properties limited were among the top losers having shed over 2 and 1 respectively global news us futures traded in the green on thursday morning asia session the dow jones futures were trading flat while the nasdaq futures gained 01 the sp 500 futures were trading higher by 013 elsewhere in asiapacific australia’s asx 200 was up 094 japan’s nikkei 225 traded 105 higher while china’s shanghai composite index gained 122 south korea’s kospi rose 053 read next tesla amazon snowflake xpeng salesforce why these 5 stocks are drawing investors attention today