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Benzinga
Benzinga
World
Navdeep Yadav

Alibaba, Nio, Chinese Peers Slide: What's Dragging Hong Kong Stocks Today?

BABA Alibaba NIO Hong Kong JD Baidu NYSE Nasdaq China Tencent

Shares of U.S.-listed Chinese firms were subdued on Tuesday morning in Hong Kong, with major tech names like Alibaba Group Holding (NYSE: BABA), JD.com Inc (NASDAQ: JD), Baidu Inc (NASDAQ: BIDU), and Tencent Holdings (OTC: TCEHY) coming under pressure.

Among electric vehicle makers, NIO Inc (NYSE: NIO) and Xpeng Inc (NYSE: XPEV) fell as much as 8% and 9%, respectively, whereas Li Auto Inc (NASDAQ: LI) was down about 2.2%.

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