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Benzinga
Benzinga
World
Navdeep Yadav

Alibaba Down Nearly 1%, Nio Up 2%: What's Weighing On Hong Kong Stocks Today

Alibaba NIO Hong Kong Tencent Baidu Baidu Inc Tencent Holdings JDcom

Shares of major U.S.-listed Chinese companies traded mostly higher in Hong Kong on Friday, with tech giants like Baidu Inc (NASDAQ:BIDU), JD.com (NASDAQ:JD), and Tencent Holdings (OTC:TCEHY) gaining at least a percent higher. Alibaba Group Holdings (NYSE:BABA), however, fell into the red after a higher open.

Li Auto Inc (NASDAQ:LI) led the rally in the electric vehicle segment, while Xpeng Inc (NYSE:XPEV) gained 4.11% and Nio Inc (NYSE:NIO) was up 1.74%. 

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