Hong Kong shares plunged on Wednesday, taking cues from a heavy sell-off on Wall Street triggered by higher-than-expected U.S. inflation for August. Shares of Alibaba, Baidu, and JD.com fell over 3%, with the benchmark Hang Seng Index losing over 2.3%. A report of the United States considering sanctions against China to ward off any potential attack on Taiwan further soured market sentiment.
| Stock | Movement |
|---|---|
| Alibaba Group Holding Ltd. (NYSE:BABA) | -3.56% |
| JD.com Inc (NASDAQ:JD) | -3.26% |
| Baidu Inc (NASDAQ:BIDU) | -4.48% |
| Tencent Holdings Ltd. (OTC:TCEHY) | -1.31% |
| Meituan (OTC:MPNGF) | -1.63% |
| Nio Inc (NYSE:NIO) | 1.61% |
| XPeng Inc (NYSE:XPEV) | -1.01% |
| Li Auto Inc (NASDAQ:LI) | 1.74% |
