
Shares of U.S.-listed Chinese firms traded significantly lower in Hong Kong on Wednesday morning, with major tech names like Alibaba Group Holding (NYSE:BABA), JD.com Inc (NASDAQ:JD), Baidu Inc (NASDAQ:BIDU), and Tencent Holdings (OTC:TCEHY) in the red.
Among electric vehicle makers, NIO Inc (NYSE:NIO) and Li Auto Inc (NASDAQ:LI) traded on a muted note, while Xpeng Inc (NYSE:XPEV) gained about 1.27% after a lower start.