
Shares of major U.S.-listed Chinese companies were trading lower for a second straight session in Hong Kong on Wednesday, as major tech stocks like Alibaba Group Holdings (NYSE:BABA), Tencent Holdings (OTC:TCEHY), Baidu Inc (NASDAQ:BIDU), and JD.com Inc (NASDAQ:JD) slipped into the red.
In the electric vehicle segment, Nio Inc (NYSE:NIO) led losses with a near 8% fall, while Xpeng Inc (NYSE:XPEV) and Li Auto Inc (NASDAQ:LI) cracked at least 4% each.