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Benzinga
Benzinga
World
Navdeep Yadav

Alibaba Down 3%, Nio Up 0.6%: What's Weighing On Hong Kong Stocks Today

NIO Alibaba Hong Kong Li Auto Xpeng JDcom Tencent

Shares of U.S.-listed Chinese companies were trading mostly lower in Hong Kong on Thursday morning, with tech stocks being a major drag.

Alibaba Group Holding (NYSE:BABA), JD.com Inc (NASDAQ:JD), Baidu Inc (NASDAQ:BIDU), and Tencent Holdings (OTC:TCEHY) traded deep in the red, as did EV makers Li Auto Inc (NASDAQ:LI) and Xpeng Inc (NYSE:XPEV), although Nio Inc (NYSE:NIO) bucked the trend.

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