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Benzinga

World

Navdeep Yadav

Alibaba Up 2.8%, Nio Jumps 5.8%: What's Pushing Hong Kong Markets Higher Today

NIO Alibaba BABA Hong Kong United States NYSE Baidu JDcom

Shares of U.S.-listed Chinese companies traded higher in Hong Kong on Friday, after ending the previous session deep in the red.

While tech stocks like Alibaba Group Holding Ltd (NYSE:BABA), JD.Com (NASDAQ:JD), Tencent Holdings (OTC:TCEHY), and Baidu Inc (NASDAQ:BIDU) traded as high as 6%. In the EV segment, Xpeng Inc (NYSE:XPEV) led the rally, followed by Nio Inc (NYSE:NIO).

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