NIO Hong Kong shares jump most in 11 weeks on new SUV model launch
BUZZ-NIO Hong Kong shares jump most in 11 weeks on new SUV model launch ** Hong Kong shares of Chinese EV maker NIO 9866.HK jump 10.5% to HK$46.08, on track for biggest one-day pct gain since March 11
** Stock hits the highest level since May 19, on course to snap eight straight sessions of falls
** Second-biggest pct gainer in the Hang Seng TECH Index .HSTECH, which slips 1.3%
** U.S.-listed stock NIO.N rose 9.3% on Wednesday
** NIO has picked basketball superstar Yao Ming to represent its new flagship SUV model, the company said on Wednesday, as it aims to expand overseas
** NIO is bringing to market its electric ES9 sport utility vehicle that it calls China's largest battery-electric SUV
** China's auto industry has likely moved past its "golden era", NIO Chief Executive William Li said on Thursday, as a downturn in domestic car sales extended into May
** YTD, Hong Kong stock up 8.4%, U.S.-listed shares up 12.8%
(Reporting by Donny Kwok)
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