Hong Kong stocks opened lower on Wednesday, with the benchmark Hang Seng Index down 1.43%, as investors braced for the release of the U.S. Federal Reserve's Beige Book (a commentary on economic conditions) due later today and the European Central Bank's policy decision on Thursday.
Shares of Alibaba, Tencent, Nio and XPeng in Hong Kong lost more than 2% at the time of writing.
| Stock | Movement |
|---|---|
| Alibaba Group Holding Ltd. (NYSE:BABA) | -2.21% |
| JD.com Inc (NASDAQ:JD) | -1.86% |
| Baidu Inc (NASDAQ:BIDU) | -3.85% |
| Tencent Holdings Ltd. (OTC:TCEHY) | -2.36% |
| Meituan (OTC:MPNGF) | -1.9% |
| Nio Inc (NYSE:NIO) | -3.3% |
| XPeng Inc (NYSE:XPEV) | -4.39% |
| Li Auto Inc (NASDAQ:LI) | -1.62% |
