Autohome's HK stock climbs to six-month peak on plans to repurchase US shares
29/07/2026 03:22
BUZZ-Autohome's HK stock climbs to six-month peak on plans to repurchase US shares ** Hong Kong-listed shares of Autohome Inc 2518.HK rise 10.8% to HK$44.48, their highest point since January 30
** Stock on track to snap a two-session decline, if gains hold
** U.S.-listed shares of Autohome ATHM.N rose 7.7% on Tuesday
** The operator of online service platform for automobile consumers said its board of directors has approved a new share repurchase programme of repurchasing up to $400 million of its American depositary shares in the open market over the next 12 months
** Company plans to fund repurchases from its existing cash balance
** YTD, Hong Kong stock up 1.4%, U.S.-listed shares up 3.4%
(Reporting by Donny Kwok)
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