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Benzinga
Benzinga
World
Navdeep Yadav

Why Alibaba, Nio And Other Stocks Are Sliding In Hong Kong Today

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.

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