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HKG:0800 6 November 2025

WeRide (0800.HK) and Pony.ai (2026.HK) sink on Hong Kong debut as IPO wave tests robotaxi stocks

WeRide (0800.HK) and Pony.ai (2026.HK) sink on Hong Kong debut as IPO wave tests robotaxi stocks

WeRide and Pony.ai shares fell about 10% and 9% respectively in their Hong Kong trading debuts Thursday, despite raising a combined HK$9.1 billion (US$1.17 billion). Both listings faced heavy IPO competition and doubts over the profitability of autonomous-driving firms. WeRide trades as 0800, Pony.ai as 2026. Hong Kong’s IPO market has surged in 2025, but first-day returns remain mixed.
6 November 2025
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Stock Market Today

  • Morgan Stanley strategist calls tech's selloff a 'healthy reset' for bull market
    June 8, 2026, 7:09 AM EDT. Morgan Stanley's top stock-market strategist, Mike Wilson, describes the recent record pullback in tech stocks as a 'healthy reset' rather than a sign of market trouble. Wilson attributes this optimism to improving corporate earnings and the positive economic backdrop, which continue to support the broader stock market. He suggests that these fundamentals provide a foundation for sustained growth despite temporary volatility in the tech sector. This perspective contrasts with fears that the tech downturn signals a major market correction, emphasizing resilience in underlying market conditions.

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