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Benzinga
Benzinga
World
Navdeep Yadav

Why Alibaba, Nio, Chinese Peers Are Trading Higher in Hong Kong Today

Alibaba NIO Hong Kong Nasdaq Baidu Baidu Inc Tencent Tencent Holdings Jerome Powell Xpeng

Shares of major U.S.-listed Chinese companies inched higher in Hong Kong on Friday, with tech giants like Alibaba Group Holdings (NYSE:BABA), Tencent Holdings (OTC:TCEHY), Baidu Inc (NASDAQ:BIDU), and JD.com Inc (NASDAQ:JD) gaining at least a percent.

In the electric vehicle segment, Xpeng Inc (NYSE:XPEV) led the rally with 8.27% gains, while Li Auto Inc (NASDAQ:LI) and Nio Inc (NYSE:NIO) also traded in the green.

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