Hong Kong shares opened lower on Wednesday, with the benchmark Hang Seng slipping 2.5%, taking cues from the S&P 500 which fell deeper into the bear territory after hitting a near two-year low. The Chinese yuan hit its lowest level since 2008 and was trading at 7.2296 against the dollar on Wednesday.
| Stock | Movement |
|---|---|
| Alibaba Group Holding Ltd. (NYSE:BABA) | -2.05% |
| JD.com Inc (NASDAQ:JD) | -5.45% |
| Baidu Inc (NASDAQ:BIDU) | -2.87% |
| Tencent Holdings Ltd. (OTC:TCEHY) | -1.42% |
| Meituan (OTC:MPNGF) | -2.41% |
| Nio Inc (NYSE:NIO) | -6.81% |
| XPeng Inc (NYSE:XPEV) | -7.58% |
| Li Auto Inc (NASDAQ:LI) | -5.7% |
