Li Auto (NASDAQ:LI) stock fans will want to mark their calendars for Dec. 4 as a major catalyst for the electric vehicle (EV) company’s shares will take place on that day.
That’s when LI stock will join the Hang Seng Index. This is the major stock index in Hong Kong that tracks the biggest companies and is used to measure the performance of stocks in the region.
With its addition to the Hang Seng Index comes a morale boost for investors in LI stock. That has the company’s shares gaining 6.9% on Friday morning with some 1 million units on the move. To put that in perspective, the company’s daily average trading volume of about 5.3 million shares.
What’s Next for LI Stock?
While LI stock is already rallying on the Hang Seng Index news today, it’s likely the company’s shares will get another boost when it is officially added to the index. That means investors are likely to see increased trading activity as well when Dec. 4 rolls around.
LI stock rising today is a win for Chinese stock investors as Li Auto shrugs off the drop the market saw yesterday. Behind that dip was the recent summit between the U.S. and Chinese presidents as well as an update from Alibaba (NYSE:BABA) on spinoff plans.
Investors who want even more of the most recent stock market stories for today are in luck!
We’re offering up coverage of all the biggest stock market news traders need to know about on Friday! Among that is what’s going on with shares of ChargePoint (NYSE:CHPT), Bone Biologics (NASDAQ:BBLG) and Mural Oncology (NASDAQ:MURA) stock today. All of that news is ready to go at the links below!
More Friday Stock Market News
- Why Is ChargePoint (CHPT) Stock Down 32% Today?
- Why Is Bone Biologics (BBLG) Stock Down 38% Today?
- Why Is Mural Oncology (MURA) Stock Up 59% Today?
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
