Hong Kong shares opened in the red on Thursday, with the benchmark Hang Seng falling over 0.9% in morning trade, after the Federal Reserve’s anticipation of a higher bar for interest rates to rein in inflation roiled U.S. markets. Shares of Nio fell over 6%, while Alibaba and Baidu shares lost over 4% on Thursday morning.
| Stock | Movement |
|---|---|
| Alibaba Group Holding Ltd. (NYSE:BABA) | -5.27% |
| JD.com Inc (NASDAQ:JD) | -3.4% |
| Baidu Inc (NASDAQ:BIDU) | -4.63% |
| Tencent Holdings Ltd. (OTC:TCEHY) | -2.34% |
| Meituan (OTC:MPNGF) | -2.59% |
| Nio Inc (NYSE:NIO) | -6.45% |
| XPeng Inc (NYSE:XPEV) | 0.18% |
| Li Auto Inc (NASDAQ:LI) | 5.52% |
