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Benzinga
Benzinga
World
Navdeep Yadav

Alibaba Down Over 2%, Nio Jumps 7%: What's Weighing On Hong Kong Stocks Today?

Shares of U.S.-listed Chinese firms traded mixed in Hong Kong on Wednesday morning, with web search giant Baidu Inc (NASDAQ: BIDU) and electric vehicle maker NIO Inc (NYSE:NIO) among stocks that were in the green.

Among major tech names, Alibaba Group Holding (NYSE: BABA), JD.com Inc (NASDAQ: JD), and Tencent Holdings (OTC: TCEHY) slid, while Li Auto Inc (NASDAQ: LI) and Xpeng Inc (NYSE: XPEV) were under pressure in the EV sector.

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