--- title: "\"Pre-Market Outlook\" Northbound capital supports market resilience, Li Auto's current price is not suitable for entry or exit" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/278985075.md" description: "According to a report from the Economic News Agency on the 13th, Iran's Supreme Leader successor, Mojtaba, issued his first official statement after taking office on Thursday (12th), stating that Iran will not give up on revenge and will continue to block the Strait of Hormuz, and will open new fronts if necessary. Overnight, the three major U.S. indices fell by more than 1%, and the Hang Seng Index opened lower by over 100 points this morning, with the decline at one point expanding to 241 points. However, technology stocks rallied, narrowing the Hang Seng Index's decline, which reported 25,593 at midday, down 123 points or 0.5%. The Hang Seng China Enterprises Index reported 8,698, down 1 point or less than 0.1%. The Hang Seng Technology Index reported 5,007, down 20 points or 0.4%. Guo Jiayao stated that Hong Kong stocks are relatively resilient, supported by defensive stocks such as oil and telecommunications, and that northbound capital is likely to increase its holdings of Hong Kong stocks during market declines. Li Auto's performance in the fourth quarter was poor, with a projected decrease in delivery volume of 3% to 8.5% in the first quarter" datetime: "2026-03-13T04:45:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278985075.md) - [en](https://longbridge.com/en/news/278985075.md) - [zh-HK](https://longbridge.com/zh-HK/news/278985075.md) --- > 支持的语言: [English](https://longbridge.com/en/news/278985075.md) | [繁體中文](https://longbridge.com/zh-HK/news/278985075.md) # "Pre-Market Outlook" Northbound capital supports market resilience, Li Auto's current price is not suitable for entry or exit "Economic Information Agency, December 13" Iran's Supreme Leader successor, Mojtaba Zolnour, issued his first official statement after taking office on Thursday (12th), stating that Iran will not give up on revenge and will continue to block the Strait of Hormuz, and will open new fronts if necessary. Overnight, the three major U.S. indices fell more than 1%, and the Hang Seng Index opened more than 100 points lower this morning, with the decline at one point expanding to 241 points. However, technology stocks rallied, narrowing the Hang Seng Index's decline, which reported 25,593 at midday, down 123 points or 0.5%, with a main board turnover of nearly HKD 126.1 billion. The Hang Seng China Enterprises Index reported 8,698, down 1 point or less than 0.1%. The Hang Seng Technology Index reported 5,007, down 20 points or 0.4%. _Guo Jiayao: U.S. stocks remain under pressure, Hong Kong stocks show strong resilience_ The situation in the Middle East is not ending as quickly as U.S. President Trump suggested, and navigation through the Strait of Hormuz remains uncontrolled. International oil prices have surpassed USD 100 per barrel, impacting global markets, but the decline in Hong Kong stocks is relatively small. Guo Jiayao, director and group investment director of Baoju Securities, told the "Economic Information Agency" that Hong Kong stocks show strong resilience, supported by defensive stocks such as oil and telecommunications, and that northbound capital is likely to increase its holdings in Hong Kong stocks during market downturns. In addition to trading ETFs, there are also purchases of different individual stocks, which can support the market in the long run. As for the future performance of U.S. stocks, it still depends on oil prices. Currently, high oil prices will exert significant upward pressure on inflation, making it unlikely for interest rates to be lowered, which will put pressure on U.S. stocks. _Li Auto's technical support still not worth investing in_ Li Auto (2015) reported disappointing results for the fourth quarter, with adjusted profits plummeting 93.5%, annual revenue decreasing by 22%, and delivery volume also declining by over 31%. It is expected that the delivery volume in the first quarter will decrease by 3% to 8.5%. The company's chairman and CEO, Li Xiang, explained that after adjustments in 2025, the group has seen positive changes in multiple areas and added that the company will welcome an important product cycle in 2026, with the all-new Li Auto L9 set to be launched in the second quarter, achieving comprehensive upgrades in power systems, intelligent driving, and chassis technology. Guo Jiayao stated that the current environment in the domestic automobile market is poor, and after losing several official subsidies and policy support, it is difficult to increase transaction volumes. Li Auto, due to its own policy reasons, is unwilling to expand into the mass market, and under the circumstances of consumption downgrade, it is challenging to expand the market for mid-to-high-end vehicles. Li Auto opened down 2% this morning. Guo Jiayao indicated that the stock price of Li Auto is currently relatively stable at the bottom, and whether the stock price will rise still depends on future delivery volumes, gross profit, and other data showing an increase. He also added that investors are currently advised not to purchase, and for shareholders who already hold shares, they can wait until the stock price returns above HKD 70 before considering loosening their positions. (am) ### 相关股票 - [Li Auto (LI.US)](https://longbridge.com/zh-CN/quote/LI.US.md) - [Global X Autonomous & Electric V (DRIV.US)](https://longbridge.com/zh-CN/quote/DRIV.US.md) ## 相关资讯与研究 - [Li Auto Inc. 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